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Jun 07, 2018

FM: Hungary and China continue to build strong ties

During an official visit to Shanghai, Péter Szijjártó, minister of Foreign Affairs and Trade, revealed that a 45 billion HUF (141 million EUR) power plant project will be built in Hungary, and air passenger links between the two countries could expand

Hungary and China continue to build strong ties, Hungary’s foreign minister has revealed.

During an official visit to Shanghai, Péter Szijjártó, minister of Foreign Affairs and Trade, revealed that a 45 billion HUF (141 million EUR) power plant project will be built in Hungary, and air passenger links between the two countries could expand.

The minister said that according to an agreement concluded on Wednesday, Zhejiang Kaishan Compressor Co. will construct a 40 megawatt geothermic power station in the Pest County town of Tura, which in addition to generating electricity will also provide heating for agriculture and housing. He also confirmed that the company will set-up its geometric HQ in Budapest.

The foreign minister added that an increase in tourism has led to many opportunities. He revealed that 230,000 Chinese tourists visited Hungary last year, and this justifies the expansion of transport links. He confirmed that advanced negotiations are ongoing with the world’s 7th largest airline, China Eastern Air Holding, on the establishment of a direct air passenger route between Budapest and Shanghai.

The minister said China regards Hungary as a state with one of the most attractive investment environments. A total of almost 4 billion USD in investment have arrived in Hungary from the East Asian country to date, he concluded.