County and municipal county leaders in Fejér County are proposing the establishment of a special economic zone in the settlements of Iváncsa, Rácalmás, Adony and Kulcs, south of the capital.
Parliament approved legislation last summer allowing the designation of special economic zones with the aim of expediting big corporate investments and related infrastructure developments. The law allows local business tax revenue in such zones to be rechannelled from municipal councils to the county level, a measure legislators argued allows a more proportionate allocation of resources among all communities impacted by such investments. Krisztián Molnár, who heads the Fejér County council, said at a press conference in Iváncsa that a number of big investments in the region justify its designation as a special economic zone. He noted the construction of a 681 billion forint (EUR 1.08bn) EV battery plant by South Korea’s SK Innovation and a 6.5 billion forint plant by Turkish farm machinery company Yaris Kabin, both in Iváncsa, as well as an 8 billion forint expansion planned by South Korean tyre maker Hankook at its base in Rácalmás. If the special economic zone is established, he said, tax revenue collected by the county council could be better focused on developments in Iváncsa and Rácalmás, as well as in Adony and Kulcs, which lie between the two settlements.
The opposition parties have slammed the plan to establish the special economic zone, saying such a move would be disadvantageous to the area’s residents.
hungarymatters.hu
