Körber invests EUR 14.7 million in Hungary

Péter Szijjártó, the minister of foreign affairs and trade, on Monday inaugurated an investment of German-owned Körber Hungaria in Pécs, in southern Hungary, and said that bilateral ties between Hungary and Germany would continue to develop “as long as they are rooted in reality”.

The 5.6 billion forint (EUR 14.7m) investment will increase the German-owned food and tobacco maker’s capacity and improve effectiveness, Péter Szijjártó said. The investment is supported by a 850 million forint government grant, he said.

The plant is the second largest of over 25 Körber centres on four continents, he said.

Bilateral trade with Germany, Hungary’s “number-one economic ally”, hit a record 67 billion euros last year, and is expected to reach 70 billion this year, Szijjártó said.

Germany has been the second largest investor in Hungary behind China in 2023, he added. That is thanks to German executives, who “make decisions based on experience rather than media coverage. As long as Hungarian-German economic cooperation is rooted in reality, it will thrive, as we can see here in Pécs,” he said.

As we wrote today, Orbán cabinet is proud that Hungary is the number one destination for Chinese investments in the field of CCE, details HERE.

We wrote last week, new records in investments and exports in Hungary