US companies continue to place their trust in the Hungarian economy, and the government provides tax cuts and investment support to further improve the business environment, Finance Minister Mihály Varga told the US-Hungarian Business Council on Thursday.
The council met for the 6th time in Budapest, the finance ministry said in a statement. The top brass of 10 US corporations met Varga in the ministry building in Budapest, the statement said.   Â
Â
In his address, Varga noted that while last year’s meeting focused on job protection, this year’s agenda features the opportunities the Hungarian economy, which is expected to expand over 7 percent this year, offers to investors. “We count on US investors in our work to relaunch the economy,” he added.
Â
The US is the largest non-EU investor in Hungary, with
Â
trade volume reaching 5.8 billion dollars in 2020,
Â
he said. Despite the coronavirus pandemic, US companies created some 2,500 jobs in Hungary in 2020, he said.
Â
Read alsoHungary to develop healthcare from the 183 million EUR loan of the Asian investment bank
Source: MTI
If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
please make a donation here
Hot news
Floods in Hungary, latest: Orbán postpones all international trips, near-record flooding expected, levee with 1,000 tonnes of rocks – photos
Saddening figures: teenage crimes on the rise in Hungary
Hungary targets foreign retailers: Government aims to curb Temu’s market domination
Hungarian Defence Forces contribute 12,000 soldiers, helicopters and volunteers to flood protection
Hungarian authorities impose major fine on Alfa VIG for regulatory violations
Airbnb issue in Hungary: with low turnout and almost identical turnout, the VI district orders a ban
