Márton Nagy: Hungary welcomes investors from all over the world

By: Trademagazin Date: 2023. 06. 07. 11:06

Hungary’s economy is open, it welcomes investors from all over the world – said the Minister of Economic Development at the Mathias Corvinus Collegium (MCC) Budapest Peace Forum conference on Wednesday.

Márton Nagy justified the stimulation of capital investments by accelerating development and raising the level of development. Hungary plays an intermediary role between East and West, as well as foreign and domestic companies, its economy is based on development and peaceful relations, he added.

According to the head of the ministry, the investment rate in relation to GDP and exports are outstanding despite the series of crises of recent years, and the government continues to provide significant subsidies for such purposes. The investment peak may fall again this year with a development amount of HUF 20,000 billion, and further growth is expected in the following years, the majority of which may be used as industrial investment. The proportion of Asian partners is increasingly significant, while European capital, including the German presence, remains prominent.

In addition to the opening to the East, the Balkans are also increasingly important for the Hungarian economy, as is the encouragement of foreign companies already operating here to undertake new developments domestically, he emphasized.