Foreign minister signs agreements on creating 1,000 jobs in Hungary
Hungary’s Foreign Minister Péter Szijjártó (pictured) on Friday (October 2) signed eight agreements with U.S. companies to boost capacities and create jobs in the country, Hungarian news agency MTI reported. The companies operate in the automotive, chemicals, agriculture and machine industries, and reportedly pledged to establish a combined total of approximately 1,000 jobs.
(Photo: kormany.hu/Gergely Botár)
The foreign minister told the news agency that the eight American companies voiced satisfaction concerning the production and investment climate in Hungary.
Szijjártó reportedly told the investors that personal income tax is expected to drop further as of next year, and that the Hungarian government is committed to reducing utility bills for businesses. "Compared with the United States, Europe’s biggest disadvantage is in high energy prices," Szijjártó said.
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.