All of Robert Bosch Power Tool's products bound for markets to the east will start from the new centre, Minister of Foreign Affairs and Trade Peter Szijjarto said.

He noted that Bosch had signed a strategic agreement with the government of Hungary more than a decade earlier. The company employs around 18,300 locally, he added.

Szijjarto said Hungary needed to take advantage of its geographical position at the crossroads of delivery corridors between Southeastern Europe and Western Europe. Hungary's logistics sector employs 290,000 people, he added.

Szijjarto noted that agreements had been sealed last year on bringing investments with a value of more than EUR 10bn to Hungary. Those projects will create 18,500 jobs, he added.

In a statement, Bosch Magyarorszag said the 100,000 sqm automated logistics centre would have capacity to ship as many as 204,000 pallets of goods a year, with deliveries bound for 26 countries.

The investment was supported by around HUF 7bn from the government.

Meanwhile, Szijjarto: Hungary concerned by reports of Germany’s ‘serious security challenges’

Hungary is always concerned by reports of the "serious security challenges" in Germany, Foreign Minister Peter Szijjarto has said, commenting on car ramming attack in Munich.

Hungary’s interest lies in a strong and stable Germany, Szijjarto said, adding that the better the Germany economy was doing the better Hungary’s growth prospects would be.

"That’s why any news of instability, an economic downturn or irrational decisions is bad news for us," a ministry statement quoted him as saying.

"And, of course, we follow with concern reports of the serious security challenges in Germany -- of which there have unfortunately been plenty lately," he said in Miskolc, in north-eastern Hungary.

"Obviously these serious security challenges can be traced back to serious political mistakes, but the German people will get the chance to address all of this next week," Szijjarto said, referring to the upcoming German federal election.

He said the safety of the public and investments was guaranteed in Hungary, which, along with predictability, was crucial for economic growth.

"And it is this safe environment and predictability that all investors can find in Hungary," he added.
 

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

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