The Hong Kong Economic and Trade Office, Berlin (HKETO Berlin) held a business luncheon in Budapest on October 25 (Budapest time) for the Hungarian business community. The Director of HKETO Berlin, Ms Jenny Szeto, introduced the latest developments of Hong Kong and provided insights on Hong Kong-Hungarian relations and potential business opportunities.

     Speaking under the theme "Potential Cooperation Opportunities between Hong Kong and Hungary along the Belt and Road Initiative and the Greater Bay Area", Ms Szeto shed light on Hong Kong's strategic advantages as well as the benefits for Hungarian businesses.

     The Guangdong-Hong Kong-Macao Greater Bay Area is one of the most dynamic and economically vibrant regions in the world. While only around 60 per cent of the size of Hungary, the region has a population amounting to near 87 million - eight times larger than that of Hungary. There are countless business opportunities for companies from Central Europe, including Hungary, that use Hong Kong as their launching pad to tap this vast market.

     With its business-friendly environment and open economy, the free flow of capital and information and a huge talent pool, Hong Kong attracts organisations and enterprises of different scales from all over the world to do business in Hong Kong. The number of foreign companies in Hong Kong is reaching new records every year, adding up to more than 9 000 in 2021.

     Ms Szeto also shared the latest updates about Hong Kong, including details of the lifting of the quarantine requirements for entering Hong Kong as well as the Chief Executive's 2022 Policy Address themed "Charting a Brighter Tomorrow for Hong Kong", which outlined the direction and priorities of the current-term Government for Hong Kong's economic development and prospects.

About HKETO Berlin

     HKETO Berlin is the official representative of the Hong Kong Special Administrative Region Government in commercial relations and other economic and trade matters in Hungary as well as Austria, the Czech Republic, Germany, Poland, the Slovak Republic, Slovenia and Switzerland.

Ends/Wednesday, October 26, 2022
Issued at HKT 19:00

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