Hungary keen to attract more Chinese tech investments

Hungary is seeking more Chinese investments in its growing technology sector, in line with the central European country's goal of becoming a research and development hub in the region.

In an exclusive interview, Peter Szijjarto, Hungary's minister of foreign affairs and trade, said Hungary hopes to attract more investments from "technological, highly-developed companies". China has been investing heavily in Hungarian chemicals and automotive industries for the past few years.

Szijjarto is confident that Hungary will be able to attract more investments from China and other countries because Hungary offers political stability, low tax rates, and a wide range of cash incentives and nondiscriminatory policies.