Minister of Foreign Affairs and Trade Péter Szijjártó met with the heads of German engineering giant Bosch at the company’s headquarters in Stuttgart on Wednesday.
Szijjártó said the sides had agreed to strengthen their cooperation in the area of dual education, a system that combines apprenticeships and vocational training.
He noted that Bosch would move its logistics hub for central and eastern Europe to the Hungarian city of Hatvan, creating 250 jobs there.
Construction of the 17 billion forint (EUR 55m) industrial park where Bosch will set up the automated logistics base will start in days and finish by the end of next February, Szijjártó said.
The minister announced in January that Bosch would bring the logistics hub to Hungary.
Hungary’s state-owned National Industrial Park Operating and Development Company will build the industrial park on the outskirts of Hatvan for Bosch, which will lease 60,000sqm of the area for a period a 16 years. Bosch will also commit to raising the value of its orders from local suppliers by 60 million euros over the next six years under the arrangement.
With the establishment of the logistics base in Hatvan, Bosch’s local headcount will rise to 14,700, higher than any other foreign-owned producer in the country.