• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
Neutrik Group to invest EUR 9.1m into new plant in HungaryNeutrik Group to invest EUR 9.1m into new plant in HungaryNeutrik Group to invest EUR 9.1m into new plant in HungaryNeutrik Group to invest EUR 9.1m into new plant in Hungary
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
Support us
DNH 2021 DNH 2021 · 24/06/2022
· Business

Neutrik Group to invest EUR 9.1m into new plant in Hungary

Hungarian economy Hungary investment labour market

Liechtenstein-based Neutrik Group will invest 3.6 billion forints (EUR 9.1m) in a new plant in Ózd, in northern Hungary, Péter Szijjártó, the minister of foreign affairs and trade, said on Thursday.

The investment, which is supported by a 1.4 billion forint government grant, will create 300 jobs, Szijjártó said. Workers will manually assemble electronic connectors, he added. The plant will take over the facilities of Johnson Electric, which recently closed its gates in Ózd, Szijjártó said.

Despite the uncertainties of the past two and a half years, the Hungarian economy concluded its best year on record in 2021, Szijjártó said. Although the erstwhile mining town has seen two factories close during that difficult period, they have been replaced swiftly, he said.

  • Read also: Ryanair CEO: Hungarian ministers are like Dumb and Dumber

The investment will boost Hungary’s electronic industry, he said. The sector, which grew by 21 percent last year alone, currently employs some 140,000 people, he said. The sector grew by a further 16 percent in the first four months of 2022, bringing production value during the period to 3,000 billion forints, he said.

Political ties between Hungary and Liechtenstein are “active and based on mutual respect”,

and bilateral trade turnover reached a record 60 million euros last year, he said.

Retail sector Hungary shop market
Read alsoHungarian food prices third-highest in the EU?!

Source: MTI

Hungarian economy Hungary investment labour market
Share
DNH 2021
DNH 2021

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • PHOTOS, VIDEO: 2 Hungarian among the 11 most endangered monuments and heritage sites in Europe!
  • European Football Association UEFA bans Greater Hungary flags
  • PHOTOS: Hungary’s biggest hotel will open soon in Budapest
  • Government would like to boost Hungarian economy with Kazakhstan, Uzbekistan and other Turkic states
  • Are Transcarpathian Hungarians taken by force to die against the Russians?
  • Hungarian minister made it clear when Hungary could introduce the euro
  • Two new airlines will fly from Budapest!
  • Hungary will age-rate Netflix, HBO MAX and other streaming providers’ contents

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V