Hungary eyes deals under Belt and Road map
Print Edition
THE West Hungarian Innovation Center and Jingke Investment yesterday said they will cooperate on overseas investment and Industry 4.0 as they both seek opportunities afforded by China’s Belt and Road strategy.
Hungary offers favorable conditions for Chinese investors on labor cost, tax, business migration and advanced transport including the coming high-speed railways, said Mate Heinrich, the center director.
“Europe and China have big potential on business cooperation and trade,” said Heinrich. “The center is a bridge between the two regions.”
Huawei, ZTE and the Bank of China have already invested in facilities in Hungary as part of the Belt and Road and Industry 4.0 strategies.
Chinese citizens investing over 250,000 euros (US$279,000) in a business or real estate project in Hungary can apply for permanent residency there.
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