Szijjártó: Hungary eyes strategic cooperation with two U.K. companies

Int’l Relations

kormany.hu/Gergely Botár

The Hungarian government is currently negotiating with two British companies on the possibilities of establishing strategic cooperation, Minister of Foreign Affairs and Trade Péter Szijjártó said Thursday, according to reports.

(Photo: kormany.hu/Gergely Botár)

Although the foreign minister did not name the companies in question when talking at an event organized by the Budapest office of U.K Trade & Investment, he stressed the Hungarian government has already signed strategic agreements with three U.K. companies, Tesco, Unilever and GlaxoSmithKline.

Szijjártó noted that approximately 800 British companies have operations in Hungary, employing approximately 50,000 people on total, according to a statement issued by his ministry yesterday.

Praising the relations of the two countries, Szijjártó said Hungary always considered the United Kingdom as an ally and it is the interest of the European Union as well that U.K. should not exit the union. 

ADVERTISEMENT

Pandemic has only moderate impact on big companies Analysis

Pandemic has only moderate impact on big companies

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.