Govt signs strategic cooperation agreement with Audi

History

Hungary's government on Tuesday signed a strategic cooperation agreement with the local unit of German carmaker Audi. The agreement was signed by Prime Minister Viktor Orbán and Audi board member for production Frank Dreves. Orbán said the agreement touches on investments, education commitments and infrastructure developments that allow Audi to expand further at its base in Győr. He added that the value of Audi Hungária's orders from Hungarian suppliers comes to HUF 450 billion. Dreves said the agreement contains new horizons for the long-standing cooperation between Audi and the Hungarian government. Audi Hungaria's 9,000th hire - a 25-year-old development engineer - also spoke at the signing. Audi Hungária is Hungary's second-biggest company, according to rankings based on 2011 revenue. It is currently putting the finishing touches on a big expansion at its base in Győr. The €900 million expansion is to raise output at the base to 125,000 cars a year from 2013, up from more than 33,500 in 2012. Since the summer, the government has signed strategic partnership agreements with the local units of Coca-Cola, Alcoa, Daimler, Suzuki, Hankook, General Electric, Microsoft, Stadler Rail, Tesco, IBM, Tata Consultancy Services, Nokia Siemens and National Instruments as well as with Hungarian drugmaker Gedeon Richter. It expects to sign about 40 such agreements.

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