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Economy Minister holds talks with US businesses interested in investing in Hungary

Hungary's Economy Minister János Kóka on Thursday held talks with US investors, which could result in as much as Ft 80 billion worth of investments in Hungary, the Ministry said. Kóka is accompanying a Hungarian delegation led by Prime Minister Ferenc Gyurcsány on an official trip to the US. Over the last few years, seven big projects in Hungary by US companies, including ExxonMobil, IBM, Cisco, General Electric and General Motors, have resulted in investments totaling Ft 80 billion. The talks with investors on Thursday could result in a similar volume of investments in the future, Kóka said. Among the investments discussed were two big IT projects, investments in manufacturing, biotechnology, drug production, research and development and nanotechnology.