The German-Hungarian Chamber of Industry and Commerce (DUIHK) signed a cooperation agreement with the Hungarian Investment Promotion Agency (HIPA) on Thursday.
The agreement aims to foster further economic ties between the two countries.
Speaking at the event, Foreign Minister Peter Szijjarto said that Germany is the top foreign investor in Hungary with German businesses accounting for one fourth of all foreign direct investments, he said. This amounts to about 20 billion euros, he said.
Szijjarto noted that there are 6,000 German-owned companies that employ 300,000 people in Hungary.
Twenty-seven percent of these companies plan to make more investments this year than in 2013 and 29 percent plan to increase the number of employees, he said, making reference to a recent report by the DUIHK.
Speaking at the event, Foreign Minister Peter Szijjarto said that Germany is the top foreign investor in Hungary with German businesses accounting for one fourth of all foreign direct investments, he said. This amounts to about 20 billion euros, he said.
Szijjarto noted that there are 6,000 German-owned companies that employ 300,000 people in Hungary.
Twenty-seven percent of these companies plan to make more investments this year than in 2013 and 29 percent plan to increase the number of employees, he said, making reference to a recent report by the DUIHK.
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