Hungarian-Chinese Business Development and Incubation Centre inaugurated
The Hungarian-Chinese Business Development and Incubation Centre was inaugurated in Cegléd, on the outskirts of the capital, on Wednesday.
Előd Tasnády, who heads the centre, said it would support and develop Chinese-Hungarian business ties. The centre offers meeting rooms, offices, headquarter services and warehouse space, he added.
István Szabó, the president of the Pest County assembly, said cooperation and connectivity with China was a “rock-solid pillar” in an unsettled world, adding that forging stronger ties could help the southern part of the county catch up with the capital and environs.
Zhao Ruying, the deputy head of the Jiaxing Municipal Committee, said the city of Cegled had fostered ties with Jiaxing since 2015 and the new centre would serve as a bridge between the Chinese city and Hungary.
The new centre could further stimulate the market, support SME growth and contribute to the economic development of Cegléd and Hungary, he added.
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FM Szijjártó: Frustration for Brussels as US, China reach trade deal
Hungary welcomes the news that the United States and China have finalised a trade deal, Péter Szijjártó, the minister of foreign affairs and trade, said on Wednesday, adding that Brussels, however, now found itself in a frustrating situation.
The agreement on a trade deal between the United States and Russia is “good news” for Hungary, Szijjártó said on Facebook, according to a ministry statement, noting that the two countries are Hungary’s biggest trading partners and investors outside the European Union.
“But this leaves Brussels in a frustrating situation: whereas the Americans and the Chinese have reached a deal, the EU has isolated itself from the key players of the global economy,” the minister said.
“There is no tariff agreement with the United States, but they have introduced tariffs on China’s car industry and sanctions against Russia, sending European competitiveness into a steep decline,” he added.
“Ursula von der Leyen’s European Commission has done more harm to the European economy than the introduction of any tariff,” Szijjártó said.
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