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Hungary and other V4 countries are in the top 12 investment destinations of the world!Hungary and other V4 countries are in the top 12 investment destinations of the world!Hungary and other V4 countries are in the top 12 investment destinations of the world!Hungary and other V4 countries are in the top 12 investment destinations of the world!
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DNH 2021 DNH 2021 · 27/04/2022
· Business

Hungary and other V4 countries are in the top 12 investment destinations of the world!

Hungarian economy Hungary investment Poland Slovakia The Czech Republic Visegrád Four

Cooperation among the four Visegrád Group countries based on mutual respect is more important today in all areas of the economy including competition law, the Hungarian foreign ministry’s state secretary said addressing the V4 Competition Law Conference in Budapest on Wednesday.

The V4 countries are at the forefront of a global competition for investment with all of them listed among the top 12 investment destinations, Tamás Vargha told the event. Hungary’s trade turnover with its other three V4 partners of the Czech Republic, Poland and Slovakia last year amounted to 35.5 billion euros which provides a solid base for their cooperation, Vargha said.

The state secretary highlighted the importance of acting in unity to provide help to Ukraine and in tackling migration.

  • Read also: Skyrocketing flour prices to come in Hungary after the end of the price cap?!

“When there is a crisis caused by a pandemic and a war, stable relations gain importance which is why one of the main goals of Hungary’s current V4 presidency is to strengthen the region economically,” said Vargha.

He underlined the importance of active cooperation between the V4 countries in the area of competition law to allow the investigation of violations in cross-border investments, joint ventures and outsourcing, noting that unfair market practices had become increasingly common.

Market in Hungary
Read alsoAverage gross wage in Hungary was almost 1,500 EUR in February

Source: MTI

Hungarian economy Hungary investment Poland Slovakia The Czech Republic Visegrád Four
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DNH 2021
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1 Comment

  1. Anonymous says:
    29/04/2022 at 10:07

    How odd. There were some comments published here under this article the other day. Now they are gone….

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