The total value of Hungarian exports may reach the 100 billion euro landmark for the first time in 2017, Foreign Minister said on Monday.
Minister of Foreign Affairs and Trade Peter Szijjarto attended his annuel hearing at the parliament's economic committee on Monday. According to MTI, Szijjarto said that based on data from the first nine months of this year, the total value of Hungarian exports may reach the 100 billion euro landmark for the first time in 2017.
In an annual comparison, export has grown by 9 percent, 6.1 billion euros, fully 80 percent was directed to the European Union, he said. Export to countries outside of the EU grew faster than average, by 12 percent, the minister said. Hungary did well to open towards the fastest developing countries in the south and east, Szijjarto added.
Due to the government's investment incentive system, 71 foreign investments launched in Hungary in 2016, totaling 1038 billion forints (EUR 3.3bn). In January-November 2017, 79 investments worth 949 billion forints were started, he said.
