Briefing notes

2020 saw five UK companies invest nearly HUF 2 billion in Hungary

Both Hungary and Great Britain are interested in keeping Hungarian-British relations as close as possible post-Brexit.

Foreign Minister Péter Szijjártó had a telephone conversation with British Foreign Secretary Dominic Raab on Tuesday, reporting that Hungary is an ally of Great Britain on several issues.

Great Britain is Hungary’s twelfth most-important trading partner and the sixth most-important investor community in Hungary. Currently, 900 British companies employ more than 55,000 Hungarians. In 2020, five British companies made investments of more than EUR 5.5 million (HUF 1.96 billion) to which the Hungarian Government provided EUR 2.7 million in support, he added.

The minister also discussed the vaccine situation and emphasized that Hungary will do its utmost to vaccinate Hungarians as quickly as possible. In addition to the AstraZeneca, Pfizer/BioNTech and Moderna vaccines, the country has also signed contracts for Russian and Chinese vaccines. As a result, the vaccination schedule in Hungary will be significantly accelerated in the coming weeks, he said.

The parties additionally discussed the support and protection of persecuted Christian communities and the preparation of the presidency of the European Council. 

Hungary will hold the rotating presidency in the second half of 2024 and is currently preparing for the role. The country would like to focus on the protection of national minorities, support for families and interfaith dialogue during this time. The UK has confirmed its collaboration on these issues. 

Szijjártó also noted that the two countries are celebrating the 100th anniversary of the establishment of their diplomatic relations this year, which they hope to commemorate in a manner worthy of the occasion.

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