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Nov 04, 2019

László Palkovics: Hungarian economy has continued to grow in spite of a global slowdown

Palkovics said it is thanks to the use of modern technologies and high value-added investments that the Hungarian economy has continued to grow in spite of a global slowdown.

The Minister for Innovation and Technology has said it is thanks to the use of modern technologies and high value-added investments that the Hungarian economy has continued to grow in spite of a global slowdown.

According to MTI, László Palkovics said not only are the investments brought to Hungary high in value, but so is the value added of the production that comes with them.

Palkovics made the remarks during an event organized jointly by the German-Hungarian Chamber of Industry and Commerce (DUIHK), Netzwerk Digital, a platform of German, Austrian and Swiss business chambers operating in Hungary, and United Europe, in Budapest.

The Minister added that more and more research and innovation centers were being set up across the country. He welcomed that with Brexit approaching, startups were finding Hungary to be an increasingly attractive investment destination.

Photo credit: hirado.hu