Foreign minister agrees on US investment projects for Hungary

Cleveland, July 21 (MTI) – Péter Szijjártó, the minister of foreign affairs and trade, has agreed on three major US investment projects to be implemented in Hungary.

Paying a two-day visit to the United States, the minister told MTI that a major car industry supplier would invest 15 billion forints (USD 53m) in a new western Hungarian plant that will manufacture parts for carmakers in Hungary and other central European countries. The investment will create 200 jobs.

The world’s biggest farm machinery manufacturer agreed to set up a facility in Hungary for producing grain silos with 100 new workplaces involved, he said.

Szijjártó also agreed with a major US media company on the production of films and TV series in Hungary. Over the past two years, the company spent 20 billion forints on film making in Hungary.

The names of the partners concerned will be announced jointly, in Hungary, he said.

These agreements also demonstrate that Hungarian-US economic cooperation is a success story and that US investors continue to trust Hungary, Szijjártó said.

At present 1,600 US companies are employing about 100,000 workers in Hungary. Last year the US was the biggest non-EU investor in the country, he said.

Source: MTI