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FinMin in talks in China on possible investment in Hungary – paper

  Finance Minister János Veres is in talks in China on a possible $200 billion Chinese investment in Hungary, business daily Világgazdaság reported on Thursday.


When asked by MTI to confirm the report, the Finance Ministry said only that Veres is on an official trip abroad. The results of his negotiations will be revealed in time, the ministry said. Világgazdaság wrote that the Shanghai Construction Group (SCG) -- the world’s 57th biggest construction firm -- would like to gain a foothold in the region. China Development Bank also wants to play an active role in the region, as a lender and a fund manager too, the paper said.

China has said before it could use Hungary as a bridge into European markets. Hungary is home to the largest number of Chinese nationals in the region, and Chinese companies have made many investments in the country. (MTI-Eco)