PHOTOS: Hungarian company would like to begin a new age in construction industry
Hungary is almost certain to break investment records in 2023, notwithstanding the difficult economic environment, Péter Szijjártó, the minister of foreign affairs and trade, said at the inauguration of a reinforced concrete plant in Alsónémedi, near Budapest, on Thursday.
The 16 billion forint (EUR 42.5m) investment by Ineton, which will create 120 jobs by August, was supported by a 2.4 billion government grant. The construction sector has become one of the engines of Hungarian industry, with 12 percent growth in 2021. Production value has come close to 7,000 billion forints in 2022, four times higher than in 2010, he added. The sector employs more than 380,000 people, he said.