Hungary’s economic recovery will be Europe’s fastest, Péter Szijjártó, the minister of foreign affairs and trade, said on Friday, announcing a local investment.
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“We’ve succeeded in defeating the third wave in Hungary, enabling us to lift restrictive measures and reopen the country, thanks to our rapid vaccination campaign,” Szijjarto told a press conference in connection with Mono-Ipolyfabric Kft, a company that designs, develops and manufactures interior decorative elements for luxury cars.
The 6.1 billion forint (EUR 17.4m) investment will create 100 new jobs in Ipolytölgyes,
and the government is providing 1.9 billion forints in support. Mono-Ipolyfabric currently has 700 employees.
Referring to a new global realignment of economic capacities, he said: “To win this competition, we must attract as many investments as possible to Hungary.”
The new state-of-the-art manufacturing plant in northern Hungary, which includes a research and development centre, will supply Jaguar, Mercedes, Lamborghini and Porsche.
Referring to a new global realignment of economic capacities, he said: “To win this competition, we must attract as many investments as possible to Hungary.”
The new state-of-the-art manufacturing plant in northern Hungary, which includes a research and development centre, will supply Jaguar, Mercedes, Lamborghini and Porsche.
Fully 99 percent of Ipolytölgyes’s products are for export,
he noted. “This will help us achieve our target of an economic growth rate of 5.5 percent by the end of the year; our top strategic goal right now,” Szijjártó said.
Source: MTI
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1 Comment
“Hand off Snakey – Wakey Wakey” – Foreign Minister – Peter Szijjarto.
Szijjarto – continues to be the – MAJOR – example – of this on-rolling propaganda machine – that continues to gather rapid momentum from the Fidesz party.
Szijjarto – is as Foreign Minister – a “loose cannon” – ready to explode.
Szijjarto – is given absolute free reign by the Prime Minister – Victor Orban – observed in discussions and interviews – body language – that in ALL probability – Szijjarto – in his “preferred” choice come time for his personal – Descension.
Philosophies – Ideas and the implementation of Strategies – under the “dogma” of Joseph Goebbels – wonder if he has a book or two in his private collection in his library – Szijjarto – demonstrates Totality his – SUPPORT – of this well oiled party propaganda machine of Fidesz.