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Aug 27, 2019

Finance Minister: Hungary is attracting more investors from India

Following talks with Indian Foreign Minister Subrahmanyam Jaishankar in Budapest on Monday, Mihály Varga said that over the past few years, Indian companies have invested over 2 billion euros in Hungary.

The Finance Minister has said Hungary’s economic attainments are attracting a growing number of Asian investors, including Indians.

Following talks with Indian Foreign Minister Subrahmanyam Jaishankar in Budapest on Monday, Mihály Varga said that over the past few years, Indian companies have invested over 2 billion euros in Hungary.

The Minister called India one of Hungary’s major partners in Asia, adding that economic, cultural and educational cooperation is continually expanding.

Minister Varga noted that two-way trade had increased by 17 percent in 2017 and by 11 percent last year.

According to MTI, the two ministers agreed that Hungary, with its advanced infrastructure and improving business environment, can be an ideal springboard for Indian companies wishing to gain a foothold on the broader European market.

Minister Varga said Hungary supports efforts to develop closer ties between Europe and India, adding that the new EU-India Strategy approved by the EU Foreign Affairs Council last December may boost cooperation in the economy, global security and sustainable development.

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