Szijjártó: It is in Hungary’s interest that as many Chinese investments as possible come to the country
The head of the ministry indicated that 70 percent of the investments made in the world are currently made by Eastern companies and Eastern capital, while 30 percent are Western investments.
The government’s task is to ensure that Hungary stays out of the recession lurking in Europe and remains on the path of economic growth, said the Minister of Foreign Affairs and Trade on Wednesday at the Huawei European Innovation Day event in Várkert Bazar.
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According to the audio recording delivered to MTI, Péter Szijjártó said at the event: Europe’s economic recession is accelerating and there is a serious security crisis on the continent.
Speaking about the coronavirus epidemic and the war, he noted: it is difficult to find an example in world history of the last few years when the world economy was “turned upside down” twice.
The only way to keep on a growth path in this European recessionary environment is if it is necessary to be in the economy, to attract job-creating investments to Hungary and if we are able to continuously raise the technological level of the Hungarian economy – the minister demands.
He emphasized: Chinese companies prove to be excellent partners in these endeavors and, through their investments, support the government’s endeavors even in this difficult economic situation.
The head of the ministry indicated that 70 percent of the investments made in the world are currently made by Eastern companies and Eastern capital, while 30 percent are Western investments.
Large Chinese companies are gaining more and more important market shares in Europe and increasing their presence through their investments, said Péter Szijjártó. “Hungary’s interest in this environment is that as many large Chinese investments as possible come to our country,” he underlined.
He added: The Chinese CATL can manufacture batteries in Hungary, which is the largest domestic investment of all time and one of the most significant in Europe. Huawei’s research center, which operates in Budapest, and their logistics center in Biatorbágy only “represent special advantages”.
According to Péter Szijjártó, the result of the policy of opening up to the east is that, as in 2020, the largest investment will come to Hungary from China this year as well.
He stated: In the future, Hungary will not discriminate against companies making investments on the basis of which country they come from. “One thing matters: investing companies must respect laws and regulations,” said the head of the ministry. He adds that this principle applies even when there is “serious international pressure” on the Hungarian government not to let Huawei in. “However, Huawei’s investment is a source of pride for us,” he emphasized.
The minister reminded that the Chinese telecommunications company has been present in Hungary for 15 years and is the first Chinese company with which the government has concluded a strategic agreement.
The company’s cooperation clearly indicates Hungary’s openness to innovation, new ideas, dialogue with equality and mutual respect, and valuable work, said Péter Szijjártó.
He also touched on the fact that last year the government spent about HUF 1,000 billion on research and development, there are more than 3,600 research sites in Hungary and more than 90,000 are engaged in research and development here.
According to the ministry, Marco Kamiya, innovation and digital director of the United Nations Industrial Development Organization, will speak at the Huawei European Innovation Day event; Jeff Wang, Huawei’s president of public affairs and communications, logs in online. Marco Xu, Huawei’s director of public affairs and communications, and István Ujhelyi, a member of the European Parliament, will also speak. At the all-day event, Huawei will present its latest ideas and innovations. During the day, several industry players, Huawei’s partners, as well as government and university participants will give presentations.
(MTI)