Szijjártó: Incentives draw EUR 5.3 bln of investments to Hungary
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Decisions on EUR 5.3 billion of investments, the equivalent of HUF 1.886 trillion, were made under the government investment incentive scheme, Minister of Foreign Affairs and Trade Péter Szijjártó said in a post on Facebook yesterday, highlighting last year's two most significant investment decisions.
The record amount was supported by EUR 766 million, or HUF 270 bln, in government subsidies, Szijjártó said. He noted that South Korea's SK Innovation set a new record for a greenfield investment in the country with a decision to build a HUF 680 bln electric vehicle battery plant in Iváncsa (50 km south of Budapest).
Another South Korean company, EcoPro, was responsible for the second-biggest investment, and Turkey's Sisecam the third, he said. EcoPro will build a HUF 264 bln cathode plant in Debrecen (225 km east of Budapest) with capacity to outfit 1.35 million EVs a year. Sisecam will construct a HUF 73 bln glass packaging plant in Kaposvár (185 km southwest of Budapest).
Decisions on investments over EUR 100 mln were also taken by U.S.-based Becton Dickinson, Denmark's Lego, Germany's Bosch and Vitesco, and Hungarian-owned Pick, Szijjártó said.
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