China extends 1 billion EUR credit to Hungary

China extends 1 billion EUR credit to Hungary
Budapest, Hungary, European Union 26 June 2011
After having invested in Africa, Australia, Latin America and the United States, China has recently taken strong interest in Europe.

During his June 2011 European tour, Chinese Prime Minister, Mr. Wen Jiabao, visited Hungary as well. After talks with Hungary’s Prime Minister, Mr. Viktor Orban, the two country signed a series of financial agreements, which would include at least a dozen projects.

In light of the above, several manufacturing sites, logistical and commercial centers will be established in the near future, which, beside economic and infrastructural development, will also bring hundreds of vacancies at different regions of Hungary.

The most significant announcement was that China would buy Hungarian government bonds and the China Development Bank would allow 1 billion Euro credit for mutual investments, common projects.

With the above mentioned initiatives, China’s intetion is to invigorate the commercial flow between the two countries: considering the recently developed investment deals, unlimited financial and economic potential remains from both sides, providing continuous opportunities for long-term cooperation.

You think your enterprise could greatly benefit from the above measures? Keep looking for the news at, as information about the 1 billion Euro credit is to be announced in September!

If you have any business idea worth thinking about, do not hesitate to contact us!

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