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Sep 12, 2017

German avionics firm invests 2.76 billion HUF in Hungary creating new jobs

Diehl Aircabin will employ more than 1,000 people in Hungary, Hungary's foreign minister said

A German avionics parts manufacturer has invested 2.76 billion HUF (9 million EUR) in Hungary which has created new jobs for Hungarians.

Diehl Aircabin has invested funds, made up partly from a 968 million HUF grant from the Hungarian government, to set up a new engineering center in Debrecen, eastern Hungary.

Péter Szijjártó, minister of Foreign Affairs and Trade, said the investment will help create more than 150 jobs at the new center.

Diehl Aircabin also recently announced plans to expand its production base in Nyírbátor, in eastern Hungary, increasing the headcount there by 230 from the current 565, the minister added.

He highlighted that by including the Debrecen engineering center investment, and other initiatives, Diehl will employ more than 1,000 people in Hungary.