invetsment automotive industry
Budapest, 2018. március 13. Szijjártó Péter külgazdasági és külügyminiszter (j2) és Kapin Károly cégvezetõ (j) az autóipari beszállító Novus Interiör Hungary Kft. új gyártócsarnokának átadásán Nagyvázsonyban 2018. március 13-án. Mellettük Fenyvesi Zoltán, a Veszprém megyei közgyûlés alelnöke (j3). MTI Fotó: Bruzák Noémi

Automotive industry supplier Novus Interior Hungary, a unit of Sweden’s Havd Group, inaugurated a 500 million forint (EUR 1.6m) production hall in Nagyvázsony, in western Hungary, on Tuesday.

The production hall, which the company paid for with its own resources, is part of a more than 1 billion forint investment that will be completed by 2019, creating 70 jobs.

Addressing the event, the Hungarian foreign minister said that the Swedish owner has chosen Hungary as a country for the investment that has the lowest tax rates and most flexible labour codes in Europe.

The country has also been favoured for serving as a logistics hub in central Europe, Péter Szijjártó said .

Novus Interior Hungary had revenue of 1.7 billion forints in 2016, public records show.

Featurd image: MTI

Source: MTI