UK investments in Hungary key for economic growth

Investments in Hungary from Britain play an important role in maintaining Hungary’s economic growth, Péter Szijjártó, the minister of foreign affairs and trade, said on Tuesday.

British companies employ more than 50,000 Hungarians, Szijjártó said on Facebook, adding that trade turnover between Hungary and the United Kingdom reached a record high level last year.

“We therefore welcome the Windsor Framework, which is an important step towards the full implementation of the trade and cooperation agreement,” the minister said.

Szijjártó called Brexit “one of the saddest stories” in the European Union’s history, saying Britain’s departure had left the bloc significantly weaker.

“We have always argued in favour of the closest possible cooperation between the EU and Britain, which is of great importance amid the current security and economic conditions,” Szijjártó said.

Read alsoThe Hungarian government would further extend the state of emergency

Source: MTI