Szijjártó: Continental creates 681 new jobs in Hungary

Pharma

press release

In the framework of its newest investment of HUF 5.1 bln, Continental Hungary will create 681 new jobs in Hungary, chiefly in Nyíregyháza, Hungary’s Foreign Minister Péter Szijjártó said today at a press conference, the Ministry of Foreign Affairs and Trade reported.

(Photo: Ministry of Foreign Affairs and Trade)

The Hungarian government is supporting the project to install new equipment, renovate a production hall approximately 4,000 sqm in size, build a new warehouse and expand production, with a HUF 1.7 bln investment.

German Continental Group is the world’s largest automotive supplier, and the automotive sector is the “flagship” of the Hungarian economy, hence the Hungarian governmentʼs support, Szijjártó said, according to the ministry’s report.

Continental Group employs 200,000 workers around the world, with approximately 7,000 employees in Hungary, said László Jókay, the CEO of Contitech Hungária Kft.’s plant in Nyíregyháza.

ADVERTISEMENT

Avg Compulsory Vehicle Insurance Premium up 5% Figures

Avg Compulsory Vehicle Insurance Premium up 5%

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

4iG, Rheinmetall Establish IT JV Deals

4iG, Rheinmetall Establish IT JV

24th FIABCI Hungarian Prix d’Excellence Held Awards

24th FIABCI Hungarian Prix d’Excellence Held

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.