Hungary-Switzerland
Finance Minister Mihály Varga acquired his Swiss counterpart Karin Keller-Sutter in Budapest on Monday.
“Our rising financial efficiency and enticing tax setting provide a great enterprise setting for corporations from Switzerland, whereas on the similar time the presence of Hungarian corporations in Switzerland is rising,” stated Varga.
Switzerland is quantity 9 among the many largest overseas traders in Hungary, and Swiss corporations safe 30,000 jobs right here. Bilateral commerce exceeded 2 billion euros final yr. Varga significantly emphasised that the greater than 800 Swiss corporations based mostly right here stay loyal to Hungary even in instances of a number of crises. The Swiss parliament is anticipated to undertake the double taxation settlement in June, introduced Karin Keller-Sutter. This might additional strengthen bilateral financial relations.
The Hungarian Finance Minister described the diaspora as an vital hyperlink: the Hungarians who fled to Switzerland in desperation following the suppression of the 1956 revolution discovered a brand new residence there and helped to extend the prosperity of their host nation.
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