Are you sure?

Hungary ready to be China's gateway to Central Europe, says PM

Hungary is ready to become an economic, financial and logistics bridgehead in the southeast European region, Prime Minister Viktor Orbán said at a business forum with Chinese premier Wen Jiabao in Budapest on Saturday.

Hungary stands ready to open a gateway to Central Europe for China, Orbán said at the Hungarian Academy of Sciences during an official visit by Wen. The Hungarian government is establishing a Western Balkan investment forum in Budapest to muster and harmonize development plans in the region and the necessary international funding, he added.

National Development Minister Tamás Fellegi said at the forum that the presence of Chinese capital in Hungary could give the economy never before seen momentum. The government remains determined to see several thousand jobs created through strong incentives for Chinese investments and the development of cultural and educational ties, he added.

For the first time, there is a realistic chance for Hungary to become an economic, financial and logistics partner with China in Europe and the Central European region, beyond its traditional trade ties with the Asian country, Fellegi said.

Wen said Central Eastern Europe's geographically advantageous position make the region a bridgehead for markets in the East and West.