Szijjarto: Free trade in Hungary's interest

An open global trade is in Hungary's interest, Peter Szijjarto, the minister of foreign affairs and trade, said in Budapest on Tuesday. Speaking at a conference, Szijjarto revealed further details of a new investment incentive system Hungary is rolling out to attract more technology-oriented investments. Hungary's government will offer foreign investors cash subsidies up to 50 percent of project value in twelve counties, while cutting the ratio to 25 percent in three counties and 15 percent in another three counties, Szijjarto said.