Briefing notes

US diplomat says Hungary is an excellent destination for investment

Marc Dillard, Chargé d'Affaires of the US Embassy, said that Hungary is an excellent destination for investment, a prime place for business.

On a visit to Debrecen, Marc Dillard, Chargé d’Affaires of the US Embassy, visited the Anglo-American Institute at the University of Debrecen, as well as Atomki, where nuclear research cooperation was discussed; he also met Mayor of Debrecen László Papp.

He said the most important discussions were about business cooperation, the current political situation, and US-Hungarian relations, of which Debrecen could be a part. 

The 100th birthday of US-Hungarian diplomatic relations was celebrated this year, and the diplomat stressed the two countries have a lot in common, based on shared values, freedom and democracy. According to the US Embassy spokesman, the diplomatic relationship between the two countries remains strong, even if the Biden and Orbán administrations are not on the same page in all respects.

Hungary is a good destination because it is a member of the European Union. It is centrally located. It has access to EU markets, a well-educated workforce, and it supports business,” Marc Dillard said, adding that investors will also be keen to invest in Debrecen.

The spokesman talked about the COP26 UN climate change conference as well, where the US and China pledged to work together to slow climate change. The diplomat underlined the Biden administration’s prioritization of climate change issues. Since his election, one of the US goals has been to rejoin the Paris climate agreement. He explained that the US is trying to take the lead in paying its share and has set ambitious targets, such as reducing its emissions to roughly zero by 2050.

Marc Dillard said that the US supports US companies investing in new technologies as part of COP26. The country is also committed to creating a sustainable ocean economy and trying to help on a range of other issues. 

He spoke about the importance of transparency in Chinese business and also the epidemic situation. He said that in the United States, about 76 percent of people are vaccinated, but the vaccination program continues nationally and at the state level. The US is also raising awareness that the global epidemic requires a global solution.

Marc Dillard stressed that he also encourages those who have not yet been vaccinated to do so as soon as possible.

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