Hungary: V4 and Central Europe; the emerging and future Core of Europe.

Hungary: V4 and Central Europe; the emerging and future Core of Europe.

* Hungary: V4 and Central Europe; the emerging and future Core of Europe.

– Hungarian exports grew by almost 50% in 2017.

Hungary’s economy has been gaining strength since 2010. Unemployment is currently the 4th lowest within the EU, the rate of GDP growth is amongst the highest, and the volume of investment increased by 25 percent during the first six months of this year.

– “The guest of honour of Hungarian Export Day is China, which is one of the most dynamically developing export markets. One of the priority goals of Hungary’s foreign trade strategy is to reinforce economic relations with China, and Hungarian exports to China have doubled since 2010, while the number of Hungarian enterprises exporting to China, four fifths of which are small and medium-sized enterprises, has increased by 50 percent during the same period,” the state secretary highlighted.

“The performance of the some one thousand Hungarian enterprises that are exporting to China must be further increased, and more opportunities must be created for them,” he added.

** He is correct. 90% of the world’s growth will occur outside of the EU this century. Nurturing new markets outside of Western Europe is a must.

http://abouthungary.hu/news-in-brief/hungarian-exports-grow-by-almost-50-in-2017/