AmCham, HIPA hosted 7th Business Meets Government Summit

Conferences

Péter Szijjártó

Photo by MTI/Ministry of Foreign Affairs and Trade

The American Chamber of Commerce and the Hungarian Investment Promotion Agency (HIPA) hosted the 7th Business Meets Government Summit in the capital last week, according to origo.hu.

In remarks opening the summit, Minister of Foreign Affairs and Trade Péter Szijjártó noted that U.S. companies are the second-biggest group of investors in the country.

Some 1,700 U.S.-owned companies employ 106,000 Hungarians, he added.

Szijjártó said the government had signed investment cooperation agreements with 88 American companies since 2015.

Those companies have plowed USD 1.4 billion into the country, he added.

He noted that the government has also signed strategic cooperation agreements with 14 U.S. companies that employ 15,400 people. Bilateral trade between Hungary and the United States grew 68% between 2010 and 2020, Szijjártó explained.

Last year, Hungary's exports to America reached USD 3.6 bln, increasing 86% in a decade, he added.

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