Large number of Chinese to come to Hungary – what is the reason?

Tourists from China have not really come to Hungary since the outbreak of the coronavirus pandemic. However, finally, the first group returned in March. The Hungarian Tourism Agency has been welcoming Asian travellers separately, while the government has launched an active campaign in China.

Hungary welcomed the first group of Chinese tourists at Budapest airport on Sunday after a three-year break due to the COVID pandemic. The group of 22 tourists, who are scheduled to stay in Hungary for nine days, were welcomed by officials of the Hungarian Tourism Agency (Magyar Turisztikai Ügynökség, MTÜ) and Budapest Airport, the Chinese state-run China Daily reports.

According to the report, the Chinese tourists were greeted by local Hungarians dressed in traditional folk costumes. All the members of the tourist group received gifts from the MTÜ to thank them for choosing Hungary as their holiday destination.

“The Hungarian government has made a concerted effort to boost tourism by introducing a range of initiatives for the Chinese nationals and promotional campaigns in China,” the Chinese news portal writes.

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Hungarian central bank governor addresses Boao Forum for Asia

Achieving environmental sustainability is the biggest challenge of the 21st century, György Matolcsy, governor of the National Bank of Hungary (NBH), told the Boao Forum for Asia conference in China’s southern Hainan province on Wednesday, urging a transition from quantitative to qualitative growth in the interest of ensuring a sustainable growth path, MTI reports.

According to a statement from the NBH, speakers at a panel discussion were in agreement with Matolcsy that though the optimal line between tightening monetary policy and preserving the potential for economic growth was thin, sustainable development was impossible without financial stability.

On the sidelines of the event, Matolcsy held talks with People’s Bank of China Governor Yi Gang, Hainan province Vice Governor Chen Huaiyu and Boao Forum for Asia vice chairman Zhou Xiaochuan, the NBH said. Matolcsy on Friday will address a roundtable discussion with Zhou and Doni P. Joewono, deputy governor of Indonesia’s central bank, the statement said.

The annual Boao Forum for Asia is Asia’s top economic forum. This year’s event features more than 160 guest speakers and focuses on finding solutions to the challenges of the global environment.