German auto industry has continued trust in Hungary, says foreign minister in Berlin

Berlin (MTI) – German carmakers have continued trust in Hungary, built on their positive experiences in the country, the Hungarian foreign minister said in Berlin after meeting head of the 600-member German Association of the Automotive Industry (VDA).

This trust is demonstrated by 25 new investment projects worth 1.5 billion euros over the past two years, Péter Szijjártó told Hungarian reporters after talks with VDA president Matthias Wissmann.

Wissmann regards Hungarian government policy as favourable and reasonable, Szijjártó said. This policy takes the car industry’s interests into account while also considering competitiveness and environmental protection, he said, citing European Union decisions on greenhouse gas emissions and Hungarian efforts to enforce competitiveness considerations.

He said they agreed to hold regular consultations with German carmakers in the future.

Source: MTI