Hungarian Conservative

From the inception of post-Soviet Hungary, East Asian relations have been oriented towards trade as well as knowledge and information exchange. With the opening up of the Hungarian economy, foreign direct investment (FDI) began to flow in from Taiwan, China, and India, and was widely distributed over a diverse range of sectors including finance, retail, mining, and those that this article focuses on: automotive manufacturing and logistics.

The total amount of EU funds approved by the Commission is €100 million, which is to be distributed among the five member states most affected by the glut of tariff-free Ukrainian grain dumps: Hungary, Poland, Slovakia, Romania, and Bulgaria. These five nations banded together and imposed bans on food product imports from Ukraine back in April.

Hungary will not allow a slew of agricultural products to be imported from Ukraine until 30 June. A spokesperson of the European Commission called the actions of the Central European countries ‘not acceptable’.