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Despite Calamities 100 New Factories Planned to be Built in Hungary

• 24 Feb 2025 5:36 AM

The world economy has suffered numerous calamities such as the global financial crisis, the pandemic and the war in Ukraine together with associated sanctions, but Hungary's economy has emerged from every crisis "as a winner", Peter Szijjarto, the minister of foreign affairs and trade, has said, noting that 100 new factories are planned to be built starting this year.

"We've reached partial agreements with Hungarian and foreign companies, and negotiations are also going well," he said in a video uploaded to his social media page.

Noting the employment record set this year, with 4.7 million people in work, Szijjarto said jobs must be protected in a tough international environment, and new ones must be created by bringing more and more investments to Hungary.

Investment promotion has reached new heights in Hungary in the past two years, he said, adding that investments were worth 10 billion euros in both 2023 and 2024. The goal, he said, was to maintain the investment momentum.

Source: 
MTI - The Hungarian News Agency, founded in 1881.

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• Peter Szijjartó Minister of Foreign Affairs and Trade

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