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A look at Chinese investment within Hungary
euronews (in English)
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2 years ago
China has invested heavily in Hungary's infrastructure and EV cars.
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00:00
There are a lot of debates about the value of Chinese investment within Hungary for the electric vehicle and battery factories.
00:07
It is said that currently they can only run on imported energy and imported workforce.
00:13
They put a strain on Hungarian water supply and the environment and they have a low added value.
00:20
About the infrastructure projects we know only a few details.
00:25
We can take the example of the Budapest-Belgrade cargo train line that evades all major Hungarian cities.
00:34
It is built by Hungary from Chinese credit and it is said to cost four times more than usual for this kind of project.
00:43
And also the estimates for the return on investment are very bad.
00:48
It is said that the investment will pay for itself in more than 100 years.
00:54
But this is the past so we have to look at the future and we'll see what the two leaders would announce today.
01:01
Gábor Tanács for Euronews in Budapest.
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