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Szegedist
04-18-2013, 08:24 PM
Hungary will be one of the featured guests at the investment conference kicked off Wednesday in Beijing said Peter Lőrincze, National Association of Entrepreneurs (VOSZ) presidential adviser in the Chinese capital.

The China International Trade Promotion Council (CCPIT) has organized the Chinese enterprises overseas investment conference the seventh time this year; besides Germany and Canada, Hungary received an opportunity as a featured guest to outline investment opportunities in the country on Thursday.

Chinese companies that are taking part in the conference want to invest abroad among others in the European Union explained Lőrincze, who is also a member of the Chinese-Hungarian Business Council.

The aim of the Hungarian business delegation is to outline prospective investment opportunities for interested Chinese investors.



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Hungarian experts pointed out that setting up plants in Hungary would allow Chinese companies to escape EU anti-dumping procedures that currently, affect goods coming from China.

Lőrincze mentioned specific opportunities where economic cooperation between the two countries would be highly beneficial; these include setting up solar cell and electronic devices manufacturing plants. But, there are excellent opportunities in producing traditional Chinese medicine in Hungary, setting up joint electronic vehicle manufacturing plants and developing health and spa tourism industries.

Lőrincze believes that the investment conference provides a platform for business people to discuss investment opportunities giving new impetus to bilateral relations.

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Government Commissioner for Hungarian-Chinese Bilateral Relations Peter Szijjártó is in China and he gives a welcome presentation at the "Hungarian Day" opening ceremony on Thursday.

Szijjártó signs a strategic cooperation agreement with Huawei Technologies and holds talks with Chinese state officials. The commissioner then accept permanent residency applications from Chinese investors.

Szijjártó said the Hungarian government decided to establish a legal framework for investors, which allows them to live in Hungary as permanent residents. Under the new law, Chinese investors receive a 5-year residency permit in Hungary if they buy more than 250 thousand EUROS worth of Hungarian government securities and keep them for at least five years.

The commissioner also informed his Chinese partner about the Hungarian government's intention to open a trading house in Beijing in the second half of this year in order to stimulate bilateral relations between the two countries. The Hungarian government also intends to reopen the Consulate General Office in Hong Kong.

The Hungarian Cultural Institute will open in Beijing this year and the government is determined to increase the number of Chinese students accepted in the Hungarian higher education system under the mutual scholarships agreement signed by the two governments.


http://www.hungarianambiance.com/2013/04/hungary-is-featured-guest-in-china.html

Szegedist
04-18-2013, 09:26 PM
Like I said many times before, co-operating with Eastern countries will be important, and higher and higher agenda on Hungarian foreign policy.

Originally Orbán was anti-Russia, very pro EU, but after his experiences with the EU, things shook up a bit for him, he changed his tune and began to warm up to Russia and Eastern Countries.

Baluarte
04-18-2013, 09:29 PM
Practical man. One of the virtues that the dogmatic Europeists seem to have completely forgotten.

Good job Hungary.

Onur
04-19-2013, 12:08 AM
Like I said many times before, co-operating with Eastern countries will be important, and higher and higher agenda on Hungarian foreign policy.

Originally Orbán was anti-Russia, very pro EU, but after his experiences with the EU, things shook up a bit for him, he changed his tune and began to warm up to Russia and Eastern Countries.
The role of the countries like Hungary is only to be an open market for Franco-German goods in EU but nothing else. Your role is to shut up, obey and consume their products in exchange of debt. This is what they can offer to you and others.

The sooner you wake up, better. So it`s good that your PM has already opened his eyes.