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Szijjártó signs deals with three US companies

Pharma

kormany.hu/Gergely Botár

Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó signed deals with three US-based companies for investments that are expected to create hundreds of jobs in Hungary, the minister said yesterday during his visit to Washington, according to Hungarian news agency MTI.

Szijjártó did not name the three companies, but he did reveal that one is an automotive industry supplier with which he signed an agreement on a HUF 15 billion investment in the west of Hungary that will create 200 jobs. Another agreement was reached with what he described as the world’s biggest farm machinery maker on bringing silo production to Hungary, creating 100 jobs. The third agreement was reached with one of the biggest US media companies, which the minister said has spent HUF 20 bln on film and television production in Hungary over the past two years. 

Szijjártó said a formal announcement would be made on the investments when he returns to Hungary. He noted that a total of 1,600 US companies currently employ about 100,000 people in Hungary, adding that last year US companies accounted for the second highest amount of FDI invested by a country in Hungary.

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