Hungary aims to create central Europe’s most efficient export financing system, says FM Szijjártó

With a government bill tabled in parliament in connection with Hungary’s Exim Bank, the aim is to establish central Europe’s fastest and most efficient export financing system over the long term, the minister of foreign affairs and trade said in parliament on Tuesday.

The bill seeks to further reduce administrative burdens on Hungarian businesses and fast-track financing for exporters facing liquidity problems, Péter Szijjártó said.

Noting the economic aspects of the novel coronavirus epidemic, he said the world would change dramatically once the pandemic was over.

“A completely new competition will begin with new rules, new players, new markets and new leaders; and we must enter this competition stream now,” he said, adding that Hungary would have a good position in that race.

The government’s goal is to ensure that the economy is even stronger after the pandemic than it was before, which requires “strengthening its external dimensions” as well as helping export companies to further opportunities in other countries.