The foreign minister said the Hungarian government's job is to save the country from the "impending recession" in Europe and ensure that Hungary stays on a path to economic growth.
“Europe is racing towards economic recession,” Péter Szijjártó said, attending Huawei European Innovation Day. He added that the continent was also facing a serious security crisis. To keep the economy on a growth path, the country needs to “continuously attract foreign investment that creates new jobs and steadily increases the level of technology,” Minister Szijjártó said. To this end, Chinese companies have proved to be “excellent partners”, providing support through their investment projects in the current difficult situation, the minister said. Large Chinese companies are obtaining an increasing market share in Europe, and growing their presence through investments, he said. “It is in Hungary’s interest that more and more large Chinese investments should come here,” he said. Minister Szijjártó noted a battery plant construction by CATL as “the largest investment of all time in Hungary and one of the biggest in Europe”, and he mentioned Huawei’s research centre and logistics base as facilities yielding “special benefits” to the country.
Photo credit: MTI