Texas: Governor Abbott Hosts Hungarian President Novák At Governor’s Mansion

~ Governor Greg Abbott of Texas held a meeting with the President of the Republic of Hungary, Katalin Novák, and other Hungarian leaders to discuss strengthening and expanding the international economic partnership between Texas and Hungary. The meeting was held at the Governor's Mansion in Austin, and marked President Novák's first official visit to Texas.

During the meeting, Governor Abbott and President Novák discussed ways to grow the advanced manufacturing, automotive, and aerospace industries in both Texas and Hungary. Governor Abbott noted that Texas has the eighth-largest economy in the world and leads the nation in economic development and job growth. They also explored how Texas' oil and gas industry can support Hungary's energy needs.

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President Novák expressed her excitement for Hungary's new $65 million contract with Axiom Space, a Houston-based company that will help send a second Hungarian astronaut to space. The two leaders exchanged gifts—a pair of Texas cowboy boots and a historic Herend Porcelain set—during their meeting.

Texas is Hungary's fifth largest exporting partner. From January 2013 to December 2022, Hungarian companies made $13.9 million in capital investment through three projects in Texas, creating more than 70 jobs. In 2022, exports from Texas to Hungary totaled $729 million while total trade between them totaled $1.3 billion.

Filed Under: Government, State

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