The main aim of the agreement is to foster further economic ties between the two countries.
Foreign Minister Péter Szijjártó citing a report by the chamber said at the event, that capital expenditures of German companies in Hungary are set to rise 27% by the end of this year. The report also reveals that German companies are planning to raise headcount in their Hungarian businesses by 29% this year.
Some 6,000 German-owned businesses in Hungary employ 300,000 people.
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