Szijjártó, American companies discuss competitiveness in Budapest

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Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó and leaders of the American Chamber of Commerce (AmCham) today discussed during a meeting how to improve competitiveness in Hungary and provide a stable environment for investments, according to reports.

Hungaryʼs Minister of Foreign Affairs and Trade Péter Szijjártó at the American Chamber of Commerce (AmCham) in Budapest today. (Photo: MTI/Zsolt Szigetváry)

The ministry said in an announcement that the meeting was attended by fifteen business leaders. 

The foreign minister said at the meeting that the Foreign Affairs and Trade Ministry and the National Economy Ministry are drafting a proposal to improve workforce mobility and research and development activities in the country, according to the announcement.

Approximately 1,600 U.S.-owned companies operate in Hungary, employing a total of 100,000 people, Hungarian news agency MTI noted.

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