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Jun 21, 2018

FM: Hungary has been successful in transforming its economy to adapt to the digital age

Péter Szijjártó said a measure of Hungary’s success is that flagship digital multinationals have decided to bring new investment projects to Hungary

The foreign minister has highlighted how Hungary has been successful in transforming its economy to adapt to the digital age.

Péter Szijjártó, minister of Foreign Affairs and Trade, said a measure of Hungary’s success is that flagship digital multinationals have decided to bring new investment projects to Hungary.

The foreign minister made the remarks, referring to investments by Bosch, Mercedes-Benz and SAP, following talks in Stuttgart on Wednesday.

He also revealed that Mercedes-Benz, a leader in the digital revolution, is building its second plant in Hungary. “This will be one of the company’s most innovative plants,” he said.

The minister added that Bosch and component maker ZF are also in the process of launching engineering investment projects, preparing the ground for technologies to be applied in the electro-mobility sector, including the manufacture of self-driving cars.

Minister Szijjártó said he had received reassurance in Stuttgart that further investments in Hungary were in the pipeline thanks to an “especially favorable” investment climate.