Food Production Should Be Based on Hungarian Firms, Says FM Szijjártó

  • 24 Jan 2022 9:03 AM
  • Hungary Matters
Food Production Should Be Based on Hungarian Firms, Says FM Szijjártó
The government is working to ensure that the backbone of Hungary’s food supply is made up of domestic companies, Peter Szijjártó, the minister of foreign affairs and trade, said on Friday, noting the importance of domestic food supplies during the coronavirus pandemic.

Speaking at a ceremony to announce a new investment by Hunent, a company processing waterfowl, Szijjártó said countries across the world were now building capacities to ensure their own supplies, while “the old dogma of making supply chains international has become obsolete”.

The new 6.5 billion forint (EUR 18.1m) project at Mélykút, in southern Hungary, has been granted 2.2 billion forints of Hungarian state support, and the company has agreed to retain 500 jobs.

MTI Photo: Szilárd Koszticsák

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

  • Economic Recovery Underway in Hungary, FM Declares + More Claims

    Economic Recovery Underway in Hungary, FM Declares + More Claims

    • 4 Dec 2024 6:39 AM

    Hungary's economic recovery is underway this year, in spite of extraordinary difficulties and turbulence, laying the foundation for significant growth in 2025, Minister of Foreign Affairs and Trade Peter Szijjarto said giving testimony before parliament's economy committee.

  • International Corporate Community Continues to Trust Hungary, Declares FM

    International Corporate Community Continues to Trust Hungary, Declares FM

    • 13 Sep 2024 7:26 AM

    Continuous investment records prove that the players in the international corporate world continue to trust Hungary, Minister of Foreign Affairs and Trade Peter Szijjártó said on Thursday in Budapest when announcing a HUF 9bn investment by Dutch-owned Aalberts Surface Technologies.

  • Hungary is Among Winners of New Economic Era in Europe, Declares FM

    Hungary is Among Winners of New Economic Era in Europe, Declares FM

    • 5 Dec 2023 6:57 AM

    Hungary is among the winners of the transition to the electric car industry thanks to the government developing the best possible cooperation with market players, the foreign minister, Péter Szijjártó, told an event announcing an investment by US company BorgWarner.

  • HUF 4 Billion Investment Of DMG MORI in Budapest Announced by FM

    HUF 4 Billion Investment Of DMG MORI in Budapest Announced by FM

    • 5 Jun 2023 9:15 AM

    The number of high value-added investments is growing in Hungary, and R&D spending exceeded 1,000 billion forints (EUR 2.7bn) last year, the minister of foreign affairs and trade said on Friday, announcing an investment of German-Japanese machine manufacturer DMG MORI in Budapest.