Govt aims to sign more strategic agreements with multinationals
The government will soon sign strategic agreements with foreign-owned multinationals in Hungary with the goal of getting them to reinvest a bigger part of their profits locally, state secretary for foreign affairs and trade Peter Szijjártó said in an interview with Gazdasági Rádió on Friday.
The government plans to sign about 40 such agreements in the coming weeks and months, Szijjártó said. Between four and five, but at most six could be signed each month, he added.
The agreements aim to make foreign-owned exporters "feel even better, more secure and more predictable in Hungary", he said.
Talks on the agreements are underway with Knorr-Bremse, ThyssenKrupp, Bombardier, Nokia Siemens and Opel, he added.
The agreements are expected to broaden companies' circles of Hungarian suppliers and involve more in vocational training as well as regional development.
The government has already signed a strategic agreement with Coca-Cola.
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.