State Secretary for Foreign Affairs and External Economic Relations Péter Szijjártó declared in an interview given to Wirtschaftsblatt that no new sectoral taxes are planned.

The State Secretary pointed out that some fixed-term sectoral taxes introduced by the Government have already expired.

The Hungarian tax system burdens the tertiary sector rather than the secondary sector. The goal of the Government is to make Hungary one of the production centres of Europe.  He said that German companies have invested 5 billion euros in the country, built 8 new plants and expanded 22 factories. Péter Szijjártó stated that Hungary ranks 4th with regard to Austrian foreign investments, in addition to which Austria has been the country's 2nd most important trade partner after Germany, preceding Russia since last November.

The State Secretary expressed that the Government endeavours to diversify economic relations, also opening towards Africa besides the Far East, the Caucasian region and the Arabic World, and is eager to further develop already outstanding Hungarian investment relations in the West Balkan region.

In relation to the government bonds issued last week, he remarked that it is always better for a country to finance itself from capital markets than to request support from institutions, adding that „we have an economic policy vision and we intend to stay independent, so this is not just about interest conditions”.

(Prime Minister’s Office)