Austrian automotive industry company AVL will build a 12.5 billion forint R and D base in Érd, on the outskirts of Budapest, Péter Szijjártó, the minister of foreign affairs and trade, said on Tuesday.
The investment creating 350 jobs, including 250 for engineers, is supported with a 3 billion government grant, he added.
Szijjártó noted that the testing base will be the second in AVL’s network of R and D bases after the one in Graz, Austria, ahead of centres in China, Korea and Japan.
For that matter, Hungary’s automotive industry has been on a rise.
In the first half on 2018, the output of the Hungarian car manufacturing industry grew by 7 percent compared to the same period last year.
Featured image: www.facebook.com/AVL