PM Orbán: Hungary and Germany to boost economic ties
Bilateral trade reached a record high last year, exceeding 70 billion euros, with a quarter of Hungarian exports arriving in Germany.
Bilateral trade reached a record high last year, exceeding 70 billion euros, with a quarter of Hungarian exports arriving in Germany.
Minister Szijjártó said the electromobility transition as well as the economic interests of Hungary hinged on that East-West cooperation.
Baden-Württemberg was Hungary’s 12th most important trade partner in 2023.
Gergely Gulyás said that ties between the two countries “are so deeply rooted and so complex that they cannot be assessed exclusively based on the political situation at the moment."
Gergely Gulyás said the government sees the economic players of both countries as partners. German companies employ 300,000 workers in Hungary, mainly in industry, he said.
“What we are witnessing is that this campaign is turning into a sort of emotional blackmail,” Minister Szijjártó told an event organized by the DialogUngarn German-Hungarian economic organization in Budapest.
István Nagy said Germany is traditionally Hungary’s most important economic partner, and this applies to the agricultural sector too.
"I can’t say whether we will actually receive money … still, Hungary cannot be cornered financially," PM Orbán said.
Hungary and Germany should continue strengthening their cooperation in innovation and work to spread a culture of innovation that quickly turns ideas into products.
László Palkovics said using development opportunities offered by strong ties in car manufacturing and research and development were especially important in the Hungarian economy.
The finance minister said Hungarian-German economic ties are stable and crisis-resistant.
“Europe today faces challenges that make cooperation between [EU] member states on the basis of mutual respect more important than ever,” PM Orbán said.