Hungarian minister at talks with Chinese AIIB president

Minister for Economic Development Márton Nagy has again met with Jin Liqun, president of China’s Asian Infrastructure Investment Bank (AIIB) in Beijing, after their meeting held in Budapest last month, the ministry said on Friday.

Hungary has been a non-regional member of AIIB since 2017, the ministry added.

At the meeting the sides followed their dialogue started in Hungary concerning possibilities in infrastructure cooperation and foreign direct investment (FDI).

Nagy gave a presentation on Hungary’s FDI strategy, stating that a high investment ratio was a basis for economic growth in Hungary and FDI played an important role in it.

In line with the AIIB’s priorities, sustainability is increasingly important, and renewable energy, battery production and electromobility have become highlighted areas for working capital, Nagy said. He added that Hungary relied on China’s partnership in these areas and aimed to remain an attractive target for state-of-the-art, high-tech technologies.