China has invested more than EUR5bn in Central and Eastern European countries, although according to data provided by the Chinese Ministry of Commerce, this accounts for only 2 per cent of the country's investments in the European Union.
ECB Headquarters, Frankfurt am Main, Germany (Epizentrum, CC BY-SA)
By the end of June, the delegation led by the Chairman of the US-Hungary Business Council (UHBC), Eric Stewart held a discussion with the Hungarian Minister of Foreign Affairs and Trade, Péter Szijjártó and Minister for National Economy, Mihály Varga. Szijjártó stressed that economic ties years between the United States and Hungary have become closer […]More
Together with the Ministry for Foreign Affairs and Trade, the Hungarian National Trading House Cls. (HNTH) organized a business seminar in Budapest for the ambassadors from Latin America with diplomatic representations in the Hungarian capital or in Vienna. Ambassadors from twelve Latin American countries attended the event which provided a unique chance for identifying concrete […]More
On June 27th, the Hungarian subsidiary of the French automotive supplier Valeo announced an investment project for the next three years to develop its factory at a press conference. Valeo Auto-Electric Hungary Ltd. employs some 1,900 people in Veszprém and reported net revenue of over EUR345m last year. The firm plans to invest EUR33m inter […]More
American industrial machinery manufacturer Flowserve Corporation is planning to set up a financial services center in Debrecen with an investment of HUF4.3bn (EUR14m), Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó said. The Hungarian government is supporting the investment with a state grant of HUF1.5bn, Szijjártó said, adding that more than 400 new jobs […]More