Budapest, November 4 (MTI) – Foreign Minister Peter Szijjarto on Wednesday opened a Hungarian investment and trading centre in Milan.
The centre’s main task will be to boost Hungary’s exports to Lombardy, the administrative region of which Milan is the capital, and to boost investments from that region in Hungary, Peter Szijjarto told MTI by phone.
He identified outstanding prospects for Hungarian exports in premium quality food, cars, info-communication technologies and machinery.
Lombardy with its industrial traditions is a key partner region in northern Italy for Hungary, the minister said.
He said that his talks on Wednesday resulted in agreements with a car manufacturing and a construction company on investing in Hungary. They together will make investments worth a total of 11 billion forints (EUR 35m), creating an initial 200 workplaces, Szijjarto added.
Szijjarto noted that Italy is Hungary’s sixth largest trading partner with a 7.5 billion euro trade turnover reported in 2014. The volume of bilateral trade increased by 7.3 percent in the first eight months of 2015, he said.