Dyson Plans Investment in Hungary

Manufacturing

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Household appliances maker Dyson plans a "big Hungarian investment", Minister of Foreign Affairs and Trade Péter Szijjártó said in Singapore on Wednesday, according to a report by state news wire MTI.

Szijjártó said "very successful" talks on the investment by the Singapore-based company had taken place and details of the project would be announced "within a few weeks". He added that Hungary had competed with many other countries for the investment.

Bilateral trade between Hungary and Singapore exceeded USD 1 bln last year, he said, adding that 24 Hungarian pork and poultry exporters had recently been cleared for deliveries to the Asian country.

He said Hungary would work hard to advance a digital trade agreement when it took the revolving presidency of the Council of the European Union in the second half of the year. Hungary will also press the eleven EU member states who still need to ratify an investment protection agreement with Singapore to follow through, he added.

Hungary has signed an agreement on offering 30 scholarships a year to students from Singapore who enroll at Hungarian universities, he said.

Szijjártó met with Mohamad Maliki bin Osman, the minister of the Prime Minister's Office, and Grace Fu, the minister in charge of trade relations, during his visit to Singapore, his ministry said.

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