Szijjártó announces four Japanese investments in Hungary

Int’l Relations

Four agreements on new Japanese investments in Hungary have been signed, Hungaryʼs Minister of Foreign Affairs and Trade Péter Szijjártó told Hungarian news agency MTI in a telephone interview after conducting talks in Tokyo on Monday.

The four companies will bring total investments of HUF 26 bln to Hungary, creating 400 jobs. Two of the investors are active in the automotive sector, one in the food industry and one in the hotel industry, the minister said.

There are 151 Japanese-owned companies in Hungary employing 31,000 people, Szijjártó noted. Seven of these companies have signed strategic partnership agreements with the Hungarian government, he added. The 151 companies have so far invested USD 4.4 bln in the country.

Hungary Current Account has EUR 213 mln Deficit in January Debt

Hungary Current Account has EUR 213 mln Deficit in January

Budapest Residents to Weigh in on Rákosrendező Development P... Issues

Budapest Residents to Weigh in on Rákosrendező Development P...

AutoWallis Becomes Importer of Geely Group’s Commercial EV B... Automotive

AutoWallis Becomes Importer of Geely Group’s Commercial EV B...

These Are the Most Sleep-friendly Hotels in Hungary Hotels

These Are the Most Sleep-friendly Hotels in Hungary

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.