Orbán, Szijjártó Meet Chinese PM, CBank Head

  • 9 Jul 2018 10:05 AM
  • Hungary Matters
Orbán, Szijjártó Meet Chinese PM, CBank Head
Cooperation between Hungary and China is expanding dynamically in all areas, Hungary’s foreign minister told public media in Sofia, after talks with Chinese premier Li Keqiang and Bank of China chairman Chen Siqing.

Péter Szijjártó was in the Bulgarian capital with Prime Minister Viktor Orbán’s delegation for an annual China-CEE “16+1” summit held on Friday and Saturday.

Szijjártó said trade turnover between Hungary and China broke every record last year. Hungary will do its utmost to ensure that cooperation between China and central and eastern European countries continues to expand, he said.

As a way of further promoting China-CEE cooperation, Budapest will play host to a meeting of the central bank heads of the 17 countries, he added.

It has also been decided that the coordination centre of the China-East- Mid-European Interbank Association will be set up in Budapest, he said.

To mark next year’s 70th anniversary of diplomatic ties between the two countries, Hungary and China have decided to put together a long-term, 5-7-point action plan with a view to elevating bilateral ties to a “new dimension”, Szijjártó said. The action plan will be compiled by the Hungarian-Chinese economic mixed committee.

The plan will cover economic cooperation, infrastructure developments as well as education cooperation with the aim to improve Hungary’s and the central European region’s competitiveness and deepen ties with China, the minister said.

Szijjártó called the upgrade of the Budapest-Belgrade railway line the “flagship” project of China- CEE cooperation in the area of infrastructure development. The railway line would be the fastest route for Chinese goods from the 21st Century Maritime Silk Road to western Europe.

The project is expected to be completed by 2023 and the construction contract will be signed with the winning bidder later this year, he said.

MTI Photo: Szecsődi Balázs

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this twice-daily newsletter covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI. Click the title above for more info, and to subscribe.

Explore More Reports

  • Video: Protests Grow In Hungary Over So-Called ’Slave Law’

    Video: Protests Grow In Hungary Over So-Called ’Slave Law’

    • 20 Dec 2018 10:49 AM

    Hungarian protesters are taking to the streets after the country passed a series of controversial laws, including a so-called "slave law" surrounding extra work hours for employees. Hungarian Foreign Minister Péter Szijjártó comes on QMB to defend Hungary's new legislation.

  • Spain Is An Important Partner For Hungary

    Spain Is An Important Partner For Hungary

    • 18 Dec 2018 8:08 AM

    Spain is an important partner for Hungary, Foreign Minister Péter Szijjártó said after talks with Josep Borrell, his Spanish counterpart, in Budapest, noting that both countries are members of the European Union and NATO.

  • Hungary Rejects UN Refugee Pact

    Hungary Rejects UN Refugee Pact

    • 10 Dec 2018 7:34 AM

    As it has done with the United Nations’ migration pact, Hungary rejects the organisation’s global refugee pact as well, the foreign minister said, arguing that the document was dangerous and could encourage more migration.

  • Local Opinion: Brexit Interpretations In Hungarian Media

    Local Opinion: Brexit Interpretations In Hungarian Media

    • 20 Nov 2018 7:52 AM

    As the draft agreement on Britain’s withdrawal from the European Union meets fierce resistance among Tory MPs, one commentator laments the negative consequences of Brexit, while another urges the EU to learn its lesson and reform itself.