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Dec 21, 2020

Investments by Swedish multinationals save 7,500 jobs in Hungary

Péter Szijjártó, Minister of Foreign Affairs and Trade, said the government is supporting the investments with grants worth a total of HUF 1.8 billion.

 

The foreign minister has announced that a combined investment of HUF 5.8 billion (EUR 16.3m) by three Swedish-owned multinationals at their bases in Hungary will save 7,500 jobs.

Péter Szijjártó, Minister of Foreign Affairs and Trade, said the government is supporting the investments with grants worth a total of HUF 1.8 billion.

Car parts maker Autoliv is investing at its seat belt plant, while brake component maker Haldex will be producing electronic braking systems that improve the safety of freight trucks. Meanwhile, Dometic, a company that specialises in the production of hi-tech refrigerators and air conditioners, will be expanding its production line.

Minister Szijjártó said all three companies are leaders in their respective market segment. Investments like those seen by Autoliv, Haldex and Dometic go to show that Hungary is among the winners in the emerging new global economic order, he added.

Photo credit: MTI