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Jul 15, 2020

Supermarket chain Lidl makes significant investment in Hungary

The foreign minister has revealed that German supermarket chain Lidl is building a new logistics hub in Hungary with an investment of HUF 35 billion (EUR 100m).

The foreign minister has revealed that German supermarket chain Lidl is building a new logistics hub in Hungary with an investment of HUF 35 billion (EUR 100m).

According to MTI, Péter Szijjártó, Minister of Foreign Affairs and Trade, said the government is contributing a non-refundable grant of HUF 1.2 billion.

Minister Szijjártó said the winners in the new global economy were those who made a move in the right time to achieve a competitive edge and attracted long-term investments by companies. Despite current economic hardship around the world, it is significant that Lidl has decided to carry out its next investment in Hungary, creating 400 jobs, he said.

Photo credit: Lidl