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HUNGARY OPENS BUSINESS CAMPUS IN WASHINGTON TO FOSTER ENTRY INTO US MARKETS

 

The Hungarian embassy in Washington DC on Wednesday opened a campus on its compound for businesses that want to make inroads into the American market. The embassy will use the campus to act as a liaison between Hungarian companies and potential American business partners with the help of a US consultancy. Some 22 million forints (EUR 68,300) has been earmarked for the initiative this year to support companies in the health-care, cybersecurity, drone and space technology industries. László György, state secretary of the innovation and technology ministry, which partnered with the foreign ministry to set up the campus said the first arrivals at the campus in Washington are expected in the autumn. Lászlló Szabó, Hungary’s ambassador to the US, and US ambassador to Hungary David Cornstein attended the opening ceremony.