Hungary welcomes more Chinese investment: HIPA's chief

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Hungary welcomes more Chinese investment: HIPA's chief

STORY: Hungary welcomes more Chinese investment: HIPA's chief SHOOTING TIME: Feb. 20, 2024 DATELINE: May 3, 2024 LENGTH: 0:01:29 LOCATION: Budapest CATEGORY: ECONOMY SHOTLIST: 1. various of Hungary 2. SOUNDBITE (Hungarian): ISTVAN JOO, CEO, Hungarian Investment Promotion Agency 3. various of Hungary 4. various of China STORYLINE: Istvan Joo, CEO of the Hungarian Investment Promotion Agency (HIPA), has commended the contribution of Chinese investment to Hungary's economic development. Figures published by HIPA indicate that Hungary received a record volume of 13 bln euros (14.1 bln U.S. dollars) in foreign direct investment last year, including 7.6 billion euros from Chinese investors. SOUNDBITE (Hungarian): ISTVAN JOO, CEO, Hungarian Investment Promotion Agency "Undoubtedly, the policy of opening to the East has borne fruit. 82 percent of this FDI stock has now come from the East, primarily from China. We are very proud of last year's results, with investments reaching 13 bln euros (14.1 bln U.S. dollar

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