The government has used all possible financial resources to prevent unemployment during the economic crisis caused by the coronavirus pandemic, Foreign Minister Péter Szijjártó said at an event announcing a 35 billion forint (EUR 97m) capacity expansion investment by Nestlé Hungária in Bük, in western Hungary.
Fully 120 new jobs will be created and the state is providing 363 million forints for a three-year project involving further training for 2,180 employees totalling 726 million forints. He said the new investment would increase exports to represent over 90% of total production by the company in Bük, with products sold in some fifty countries. The majority of suppliers are Hungarian companies, selling goods and services to Nestlé at total value of over 50 billion forints each year, he added. Szijjártó said the planned training programme would enable employees to acquire skills to use state-of-the-art technologies. The Bük plant is already a central European hub for animal food production, and thanks to the new investment, one of Nestlé’s largest animal food plants is being set up in Europe, he added.
Hungary’s economic performance returned to pre-pandemic level this summer already, whereas the global economy is projected to reach this level only by the end of next year, Szijjártó said. This was partly thanks to a two-month advantage owed to the fast launch of the vaccination scheme in the country, he added. Meanwhile, the volume of Swiss-Hungary trade increased by 8% in the first eight months of 2021, exceeding 1.2 billion euros. Swiss companies represent the 11th largest investor community in Hungary, he said, adding that this was partly thanks to “problem-free political relations”.
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