Gov't Signs Strategic Cooperation Agreement with Alstom

Deals

Hungary's government signed a strategic cooperation agreement with French rolling stock manufacturer Alstom on Friday, the Ministry of Foreign Affairs and Trade said, according to a report by news agency MTI.

Alstom is committed to increasing its capacity in Hungary and creating new jobs, Minister of Foreign Affairs and Trade Péter Szijjártó said at the signing ceremony.

He added that cooperation with Alstom could be further enhanced in the area of hydrogen, noting that the company built the world's first hydrogen-powered train.

The company employs 650 people at a plant in Mátranovák (93 km northeast of Budapest).

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