The government is supporting the investment, which will create 440 jobs, with HUF 8.3bn, Szijjarto said. The plant will make iced tea, potato chips and tortilla chips, processing 200,000 tonnes of potatoes and 50,000 tonnes of maize, he added.

Local farmers will supply 90pc of feedstock, he said, adding that at least 85pc of the output of the plant, Dogus Cay's first abroad, would be exported.

Turkish companies have made ten big investments in Hungary in recent years, he said.

MTI Stock Photo

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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