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Hungary foreign trade and investment strategy to be finalized in autumn

Hungary's foreign trade and investment promotion strategy will be finalized in the autumn, according to plan, business daily Napi Gazdasag said on Monday.

The government aims to boost Hungary's exports from EUR 72 billion a year at present to HUF 120 billion by 2015, while raising FDI to an annual EUR 4 billion, the paper said. As a result, 50,000 jobs could be created, it added.

The foreign trade and investment policy is not built on China, rather Hungary's existing target markets remain important in term of exports and investment incentives, Krisztian Orodan, the spokesman for the National Office of Foreign Trade and Investment, told the paper, answering a question.

The strategy also aims to assist Hungarian companies make investments abroad, with the most important targets being the Balkans and Eastern Europe.