Hungary wants more Chinese investments
Finance Minister Mihály Varga met executives of China Merchants Group, Sinotrans and Cecz Group in Budapest on Friday, the ministry said. The talks focused on new logistics investments that could make Hungary a regional air cargo hub for Chinese goods, Varga said.
“The Eastern Opening policy, low taxes, the skilled Hungarian labour force as well as Hungary’s developed infrastructure and geographical location continue to make the country an attractive investment target for Chinese companies,” he said. He noted that Cecz Group was building a smart warehouse in Vác, on the outskirts of the capital, that would operate with 700 robots and a 150m-long conveyer belt, while creating 210 jobs.
Bilateral ties are also strengthening in the area of financial cooperation, he said, pointing to decisions to establish a presence in Hungary for Bank of China, China Construction Bank and China Development Bank. Bilateral trade between Hungary and China rose by 6 percent to 13 billion dollars last year, Varga noted.
China Merchants Group established China’s first international industrial park, Sinotrans is one of the biggest players on the global freight forwarding market, and CECZ Group plays a “bridging role” between China and Hungary in the coordination of the two countries’ trade and logistics activities, the ministry said.
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Orbán holds talks with EU Commissioner for Internal Market
Prime Minister Viktor Orbán met European Union Commissioner for Internal Market Thierry Breton for talks in Budapest on Friday, Orbán’s press chief said. The meeting was also attended by Minister for European Affairs János Boka, Minister for Economic Development Márton Nagy and Minister of Defence Kristóf Szalay-Bobrovniczky. The talks focused on European industrial policy and ways to increase the EU’s competitiveness.
Hungary becomes more and more a colony of communist China. China is known for its soft power strategy. One of the reasons to keep them out of your country. Orbán and friends gave Hungary on a platter to the Chinese. This is plain treason!
The number of Chinese migrants will grow and will take over society. Hungarians will pay a huge price for this.
Mihaly Varga – Finance Minister of the Orban Government, a “Founding” Father of the Fidesz Party, has lost the PLOT.
Widespread and it continues growing in opinion, that Mihaly Varga, is feeling the STRAIN and has lost the plot.