Orbán calls for Hungarian-Egyptian ‘flagship projects’

Cairo (MTI) – Egypt and Hungary should invest in joint “flagship projects”, Prime Minister Viktor Orbán told an Egyptian-Hungarian business forum in Cairo on Wednesday.

Orbán told the forum that if these major investments are successful, their benefits will trickle down and encourage further investments.

The prime minister noted that earlier in the day the two countries signed an agreement containing a financing offer for Egypt’s order of 700 railway carriages.

He said Egyptian investors lining up to do business in Hungary would be shown “positive discrimination” by the Hungarian institutional system.

Speaking about Hungary’s economy, Orbán said the reason the country had rebounded after 2010 was because “the entire country understood … that this was our last chance.” He said that although the economy may not be “soaring”, it is now on a successful growth path.