FM: HTEC to invest HUF 4.7 billion in IT centers in Hungary
Péter Szijjártó said HTEC will set up the IT centers in the capital, Debrecen, Szeged and Pécs, creating over 600 jobs.
Péter Szijjártó said HTEC will set up the IT centers in the capital, Debrecen, Szeged and Pécs, creating over 600 jobs.
Japanese electronic car-parts manufacturer TDK is investing HUF 26 billion (EUR 70.0m) in setting up a plant manufacturing sensors to electric cars in Szombathely, in western Hungary.
Minister Szijjártó said the 8.5-hectare park, set up with European Union funding, will draw “significant investments” that could create “several hundred jobs” in future.
The company employs about 3,000 people in Budapest working on future automotive industry technologies, including several hundred engineers tasked with electromobility developments.
Péter Szijjártó, Minister of Foreign Affairs and Trade, said the government is supporting the greenfield investment, which will create 35 new jobs, with a HUF 1.5 billion grant.
The foreign minister said the government is supporting the investment, which will create at least 50 jobs, with a HUF 450 million grant.
The foreign minister said Hungary’s economic diversity has helped it overcome the global economic crisis.
Since the introduction of European Union restrictions in 2015, trade between EU member states and Russia increased by 16%.
Minister Szijjártó said Hungary’s economic performance returned to pre-pandemic level this summer already, whereas the global economy is projected to reach this level only by the end of next year.
Unless a country has its own capabilities in strategically important areas, it will have to rely on “the goodwill and helpfulness of others”, the foreign minister said.
The foreign minister noted that US companies have undertaken 22 investments worth HUF 42 billion in the past year and a half.
Finance Minister Mihály Varga said investments were at a record high in Q2, with a 10.8 percent growth from the same period a year earlier.
State Secretary Tamás Menczer said the investment created 100 jobs. Philip Morris’s revenue in Hungary was over HUF 230 billion last year.