Finance Minister Mihály Varga said US companies continue to place their trust in the Hungarian economy, and the government provides tax cuts and investment support to further improve the business environment.
Speaking to the US-Hungarian Business Council on Thursday, Minister Varga noted that while last year’s event had focused on job protection, this year’s agenda features the opportunities the Hungarian economy, which is expected to expand by over 7 percent this year, offers to investors. “We count on US investors in our work to relaunch the economy,” he added. The US is the largest non-EU investor in Hungary, with trade volume reaching 5.8 billion dollars in 2020, he said. Despite the coronavirus pandemic, US companies created some 2,500 jobs in Hungary in 2020, he said.
Photo credit: Facebook/Varga Mihály