National Economy Minister Márton Nagy met for talks Philipp Haussmann, Deputy Chairman of the German Committee on Eastern European Relations, and Barbara Zollmann, Executive Board Member of the German-Hungarian Chamber of Industry and Commerce (DUIHK), in Budapest, his ministry said. At the talks, the minister noted that Germany is Hungary’s most important trading partner, accounting for 24% of the country’s foreign trade, the ministry said in a statement. German companies employ over 220,000 people in Hungary and represent 18.7 billion euros worth of foreign direct investment out of a total of 100 billion, he said. The sides reviewed bilateral economic and business relations and cooperation. Nagy said cooperation with German companies remains close and successful in the vehicle, retail, telecommunication and defence industries, among other sectors. Thanks to the favourable business environment, four-fifths of the German companies present here would choose Hungary again as an investment destination, the minister said.