Foreign minister signs agreements on creating 1,000 jobs in Hungary

Int’l Relations

kormany.hu/Gergely Botár

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.

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