In spite of ructions in the global economy, Hungary is benefiting from bumper foreign direct investments, Péter Szijjártó, the minister of foreign affairs and trade, said on Wednesday, announcing a new investment by Continental Automotive Hungary.
Szijjártó told a news conference that the world’s second largest automotive supplier is installing 25.6 billion forints (EUR 71m) worth of new machinery in its Budapest and Veszprém plants for the manufacture of a new generation of automotive electronics parts, thereby protecting 4,127 jobs in the two cities. The government is providing a non-refundable grant of 7.7 billion forints to the company in connection with the investment.
hungarymatters.hu
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