The government is supporting the investment, which will create 115 jobs, with HUF 1.6bn, Szijjarto said in a statement issued by his ministry.

With the investment, about half of imports of security doors can be replaced with domestic production, he added.

Culture and Innovation Minister Balazs Hanko said 40 of the newly created jobs at the factory would be in R+D.

Nivo Group member Hazak Asza Kft had net sales revenue of HUF 1.6bn in 2024, public records show.

 

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com
 

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