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Japan’s Bridgestone to launch investment project in North Hungary

Japan’s Bridgestone to launch investment project in North Hungary

Japanese tyre-maker Bridgestone will launch another project in Tatabánya, in northern Hungary, Foreign Minister Peter Szijjarto announced on Monday.

The project aims to create a 10,000sqm warehousing facility at a cost of 9.2 billion forints (EUR 23.3m), to which the Hungarian government will provide a grant of 826 million forints.

The new facility will create 100 new jobs.

For that matter, Foreign Minister Péter Szijjártó also met Ichiro Matsui, the governor of Osaka, for talks in Budapest on Monday.

The foreign ministry said in a statement that the Hungarian government seeks to build closer economic ties with Japan, and noted that in 2019 the two countries will celebrate the 150th anniversary of their diplomatic relations.

Osaka could play a crucial role in the modernisation of the Hungarian economy, as a city hosting companies with the most modern technologies, the ministry said.

At the meeting, Szijjártó expressed his sympathy over the natural disaster that has recently hit the Japanese city.

Featured image: MTI

Source: MTI

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