Foreign Min: 2021 the most successful year since 1990

Last year was the most successful the Hungarian economy has seen since the fall of communism, Foreign Minister Péter Szijjártó said in Debrecen, eastern Hungary, welcoming the progress of the BMW plant under construction in the city.

Last year, the economy expanded by over 7 percent while investments, employment and exports hit record highs, he said on Friday.

The year 2022 is expected to bring further success, with many constructions works on the agenda. BMW’s new plant, a 360-billion-forint (€ 1 billion) investment, is slated to start construction works this year, he said.

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The plant, which will create 1,000 new jobs, will start manufacturing a new fully electric model in 2025, he said.

The new plant will make Hungary the third country in the world, besides Germany and China, to house plants from all three top German car makers and will boost Hungary’s global leading position in the transition to electric car manufacturing, he said.