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Hungary’s Minister of Economy and Transport has concluded his official visit to New York Minister János Kóka visited New York between 10-13. November in order to reassure the US investors and analysts and inform them first-hand about the convergence programme, reform processes as well as the business and investment opportunities in Hungary. During his visit in New York Minister Kóka met with Governor George Pataki and discussed US-Hungarian relations as well as further cooperation. Mr. Kóka met a large number of analysts and investors within a business-breakfast organized by Citigroup.Participants were strongly interested in the current business situation in Hungary, reforms and fiscal measures. Minister Kóka assured his audience that the Hungarian government has the appropriate mandate and commitment and will implement a comprehensive programme of social and economic modernization and convergence. The Minister had successful meeting with several representatives of the business community as well, where he emphasized his commitment to maintain the strong business ties and further strengthen the good trade and investment relations between the United States and Hungary. Mr. Kóka also met with the US Deputy Assistant Secretary of Commerce, Paul Dyck and Vice Chairman, President of Merrill Lynch, James B. Quigley. He congratulated on the Hungarian-born Congressman Tom Lantos on the occasion of the successful winning of the Democrats, and asked his support for furthering the relation between Hungary and the US. To sum up of the first hand experiences of this visit Minister Kóka said, although social strain had been perceptible by the American analysts even so he felt “cautious but clear confidence on the part of investors and economists”.
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