Hungarian state agency in talks with Chinese investors

Pharma

State agency Hungarian Investment and Trade Agency (HITA) is in talks with two Chinese companies on chemical industry and logistics developments in Hungary, HITA President Erzsebet Dobos told the economic daily Napi Gazdasag on Monday.

The chemicals industry developments in question are not related to BorsodChem, . Dobos said in answer to a question. Hungarian chemicals company BorsodChem is 96% owned by China's Wanhua Industrial Group.

 Reports about Chinese plans to set up a logistics centre in neighbouring Slovakia "do not mean that we failed on such a project", she said.

There is big interest with regard to Hungary in China, and Chinese delegations arrive in Hungary every week, several including high-ranking state officials. Many of the visitors have, however, only sales plans, and there are only few visits that could result in genuine business,  Dobos said, adding that HITA is acting as a filter.

HITA's staff is only six short of the planned 155, she said. The fact that jobs for the professional staff were invited only for two years instead of the former four years did not hinder applications. HITA has six regional offices in addition to its base in the capital.

HITA was set up in March this year to replace the former state Hungarian Investment and Trade Development Agency (ITD Hungary). It has a budget of HUF 3.6 billion in 2011.

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