Szijjártó: New U.S. investments expected


Photo by Botár

Hungary’s Foreign Minister Péter Szijjártó is anticipating the announcement of three new U.S. investments worth $15.5 mln to be made in Hungary. These investments are expected to create up to 500 new jobs, Szijjártó said today at a business forum of the American Chamber of Commerce (AmCham).

Szijjártó said the Hungarian government is expected to sign a strategic agreement with U.S. software developer Oracle in a few weeks.

Commenting on worsening relations between the United States and Hungary, the minister said that "it is in Hungary's interest to resolve any open political issues in Hungarian-U.S. relations because the success of Hungary's foreign policy and foreign trade strategy requires balanced relations with the United States in all areas."

Szijjártó reiterated Hungarian Prime Minister Viktor Orbán’s words of last Friday, saying that the two countries' relations “are excellent in military and economic matters”, adding that concerns regarding Hungary are based on exaggerations.


Hungary GDP Rises 4% y.o.y. in Q3 Analysis

Hungary GDP Rises 4% y.o.y. in Q3

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Graphisoft Park EGM Clears Shares to Trade in Euros Office Market

Graphisoft Park EGM Clears Shares to Trade in Euros

Hard Rock Hotel Opens 'Star Chalet' for Winter Season Hotels

Hard Rock Hotel Opens 'Star Chalet' for Winter Season


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.