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Daily News Hungary Daily News Hungary · 24/03/2022
· Business

FM inaugurated two Hungarian factories, creating 260 jobs

development food Hungarian agriculture Hungarian economy Hungary industrial

The Foreign Minister of Hungary has inaugurated two brand new Hungarian factories yesterday. Read about which aspects of the Hungarian economy has grown this time.

Szijjártó inaugurates AJG Agrogép farm machine manufacturer in NE Hungary

In view of the war in Ukraine, all investments that boost the performance of Hungary’s agriculture are of strategic importance, Péter Szijjártó, the minister of foreign affairs and trade, said on Wednesday at the inauguration of the expansion of AJG Agrogép, a farm machine manufacturer in north-eastern Hungary.

At the event in Nyírtelek, Szijjártó praised the “excellent performance” of Hungary’s agriculture during the coronavirus pandemic, which hit a record 3,000 billion forints (€ 8.1 billion) and was free of supply interruptions, the foreign ministry said in a statement.

The government, bearing the war in mind, has made it mandatory to report exports of grain, and raised supplementary farm subsidies to 80 percent from 12.5 percent, he said.

  • Read also: Hungarian agriculture on the brink of collapse due to fuel shortage?

The government supported AJG’s 565-million-forint investment with a 282 million grant, helping the company to preserve 130 jobs, he said.

In Szabolcs-Szatmár-Bereg County, 52 companies invested a total of 30 billion forints with the help of the government’s investment support scheme, which provided 13 billion in grants, thereby helping to save 12,000 jobs, he said.

Szijjártó inaugurates Szerencs Bonbon investment in NE Hungary

As Hungarian-owned businesses go from strength to strength, they reduce the country’s vulnerabilities and enhance the country’s economic stability, the minister of foreign affairs and trade said at the inauguration of a 600-million-forint (€ 1.6 million) expansion of the Szerencs Bonbon sweet factory in north-eastern Hungary on Wednesday.

  • Read also: A Hungarian chocolate factory making sweets for over 150 years

The government has provided support of 282 million forints, helping the family-owned company preserve 130 jobs, Péter Szijjártó said.

He said it was important to strengthen a traditional brand, adding that “reviving Hungarian brands we know from our youth will also benefit our national self-awareness and pride”. Szijjártó said Hungary’s food industry was experiencing its “most successful days”.

The investment project in Szerencs includes the construction of a 2,300 sqm production hall and the merger of the factory’s various facilities in Szerencs into one complex.

Hungarian Defence Forces Military Army Tank
Read alsoEverybody has to defend Hungary in case of an attack – here are the rules

Source: MTI

development food Hungarian agriculture Hungarian economy Hungary industrial
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2 Comments

  1. Anonymous says:
    24/03/2022 at 12:09

    Preserved in brine? Or canned? Or with lots of sugar, rather like a fruit preserve? Do tell us.

  2. Eleonora Jobst says:
    24/03/2022 at 17:36

    Dear Anonymous, we appreciate your sense of humour 🙂 The title has been corrected.

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