ADVERTISEMENT

Szijjártó: German carmakers keep faith in Hungary

Int’l Relations

pixabay

German carmakers have continued to trust in Hungary, building on their positive experiences in the country, Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó said on Friday following a meeting with Matthias Wissmann, president of the 600-member German Association of the Automotive Industry (VDA), Hungarian news agency MTI reported.

Szijjártó noted that over the past two years a total of 25 investment projects with an accumulated worth of €1.5 billion were carried out in Hungary by German automotive companies, which he interpreted as a sign of trust in Hungary. The minister was reported as adding that the association head considers the policy of the Hungarian government as “favorable” and “reasonable.”

Explaining the policy, Szijjártó said it takes the car industryʼs interests into account while also considering competitiveness and environmental protection, citing European Union decisions on greenhouse gas emissions and Hungarian efforts to enforce competitiveness considerations, MTI reported.

ADVERTISEMENT

MKIK: Local business tax should be maintained Analysis

MKIK: Local business tax should be maintained

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

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.