Door "wide open" to forging ties with Arab businesses, says PM

Conferences

Hungary's door stands "wide open" to Arab businesses, Prime Minister Viktor Orbán said at the First Arab-Hungarian Economic Forum in Budapest on Monday.

There are no political, legal or economic obstacles to fostering ties between Arab and Hungarian businesses, Mr Orban told the forum at which almost 200 business representatives, diplomats and politicians from 16 countries participated.
Hungary offers good growth prospects, highly developed infrastructure, professional preparedness and a suitable workforce, he said. Arab business partners who see economic changes in Europe and establish business ties in Hungary can expect to be rewarded in 5-10 years, he added.
Péter Szíjjártó, state secretary in charge of foreign affairs at the PM's office, said Arab investors at the conference were presented with 87 investment opportunities worth a combined €1.94 billion. The priority projects include 35 in tourism, 17 in renewable energy, 14 in infocommunications, 11 in life sciences and biotechnology and ten in the farm and food industries.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.