Hungary govt to sign strategic cooperation agreement with Huawei in Beijing

Int’l Relations

State secretary for foreign affairs and external economic relations Péter Szijjártó traveled on Wednesday to China, where he will sign a strategic cooperation agreement between the government and Huawei Technologies, his press chief told MTI. Szijjártó, who is government commissioner in charge of harmonising bilateral relations between Hungary and China, will give a presentation on investment opportunities in Hungary at a business conference, said Éva Varga. He will meet with vice commerce minister Jiang Yaoping and the heads of the China Development Bank and the Chinese Railway Construction Corporation to discuss financing and implementation options for the construction of the "V0" ring rail line around Budapest, she added. Szijjártó will continue negotiations with the management of China's Eximbank on developing the rail line between Budapest and Belgrade, and he will start talks with the heads of Wanhua on further investment opportunities in Hungary. A loan agreement between Hungarian low-fare airline Wizz Air and China's ICBC Bank will be signed during Szijjártó's visit. Szijjártó will collect the first ten applications for residency in Hungary by Chinese investors, Ms Varga said. Hungary's Parliament approved legislation late last year that offers permanent residency permits to foreign citizens with at least €250,000 in Hungarian government securities.


Voluntary Pension Fund Contributions Climb 20% in Q1-Q3 Figures

Voluntary Pension Fund Contributions Climb 20% in Q1-Q3

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Higher Sugar Prices Raising Holiday Candy Costs Retail

Higher Sugar Prices Raising Holiday Candy Costs

Hungarian Tourism in Croatia Returning to Pre-pandemic Level... Tourism

Hungarian Tourism in Croatia Returning to Pre-pandemic Level...


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.