As Hong Kong is a gate to Asia, Hungary is a gate to Europe, Minister for National Economy Mihály Varga said in Hong Kong, at the 10th Asian Financial Forum. We, Hungarians, he added, are proud that our innovative solutions and recent achievements have made us the equal partner of developed countries all over the world.
After the conference, the Minister visited the Hong Kong Stock Exchange, the seventh largest bourse in the world in terms of market capitalization, where he opened the trading day.
Over the past two years, the CEE region has become the EU’s growth engine, and it is in our best interest to foster cooperation that strengthens our international relations and contributes to economic growth and competitiveness, the Minister stressed at the event.
Quoting an OECD report published in November 2016, Mihály Varga pointed out that the wold economy has been in a low-growth trap, as persistently weak demand is having an adverse effect on the supply side. International experts are coming to share the opinion that government-initiated pro-growth measures may be the right key to this deadlock. Hungary introduced such measures already some years ago, the Minister noted. Thanks to our economic growth, social-political stability and supportive economic regulations, the confidence of investors has been visibly increasing in Hungary. We are committed to a well-functioning EU, so we are certain that even during the current changes several new investors would opt for Hungary as the location for company headquarters, he stated.
The Minister has also met with Hong Kong’s Secretary for Financial Services and the Treasury Ceajer KC Chan and Hong Kong Stock Exchange CEO Charles LI Xiaojia.
(Ministry for National Economy)
