- 14 Oct 2019 11:43 AM
- Hungary Matters
The government is supporting the investment with a 4.9 billion forint (EUR 14.7m) grant, he added. Szijjártó noted that the investment brings state-of-the-art technology to Hungary, which “won it in fierce international competition”. The company designs and makes mobility safety products.
The investment will create the world’s largest company producing passive safety devices, Szijjártó said. Chinese-Hungarian trade reached a record 9 billion dollars in 2018, Szijjártó said.
Currently, 16 Chinese companies are present in Hungary, and the two countries are intent on further boosting investments, he added.
MTI Photo: Kovács Attila