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Gov't Mulls Steps After EC Blocks Vehicle Parts Plant Aid

Automotive

Photo by Dušan Cvetanović/Pexels

Hungary's government is weighing further steps after the European Commission blocked state aid for a vehicle parts plant in the country's underdeveloped north, the Hungarian Investment Promotion Agency (Hipa) said. 

According to portfolio.hu, Hipa CEO István Joó argued the EC's decision ran counter to the European Union leaders' new European competitiveness deal and obstructed renewal on the continent.

"Bad decisions in Brussels over the past years have brought European competitiveness to a low point," he added, pointing to the importance of supporting investments amid the economic and geopolitical circumstances.

"Hungary has no desire to assist in this endeavor. The government is weighing further possible steps," he said.

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