Szijjártó: BorgWarnerʼs planned investment to create 600 jobs in Hungary
The Hungarian subsidiary of U.S.-based automotive supplier is expanding its Hungarian plant in Oroszlány, which is expected to create 600 new jobs in the country, Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó said today, according to reports.
Péter Szijjártó shakes hands with managing director Attila Bogár today at the press conference on the expansion. (Photo: MTI/Tibor Illyés)
The HUF 15.5 billion expansion is being supported with a HUF 1.7 bln state grant, the minister said at the press conference regarding the expansion.
Szijjártó stressed the importance of the expansion in showing that American business leaders are satisfied with opportunities in Hungary, state news agency MTI reported.
The company is planning to make further investments in the country and is counting on continued government support, BorgWarner Oroszlány Managing Director Attila Bogár said, according to reports.
ADVERTISEMENT
Minister Asks Banks to Introduce Voluntary Rate Caps
Gov't Raises 2023 Deficit Target to 5.2% of GDP
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
