USHBC on second annual mission to Budapest
The U.S.-Hungary Business Council (USHBC) brought its second annual business mission to Budapest on Tuesday, state news agency MTI reported. The USHBC was established early last year by American businesses operating in Hungary to facilitate dialogue between U.S. business leaders and the Hungarian government.
Hungary aims to strengthen its economic ties with the United States, said Levente Magyar, minister of state for economic diplomacy, after meeting with the USHBC mission.
“In the interests of developing bilateral economic relations, Hungary will be further expanding its economic diplomacy presence in the United States and will be representing the interests and performance of the economy in Texas, Florida and Boston,” Magyar said. “The Business Council enables large American corporations that already have significant investments here, or are seriously interested in trade and investment opportunities, to exchange their experiences with relation to Hungary,” he added.
USHBC Chairman Eric Stewart noted that the U.S. is the second biggest foreign investor in Hungary after Germany, adding that American companies want to take the top position.
Representatives of the ten big companies in the mission want to expand bilateral ties and count on increased investments, Stewart said. They also want to create jobs here, he stressed, adding that government officials have welcomed the USHBCʼs ideas.
U.S. companies have invested EUR 15.2 billion in Hungary, experts at the Ministry of Foreign Affairs and Trade told MTI. Investments by German companies add up to EUR 21.5 bln.
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.