Watch: Hilti Opening New Power Tools Site In Kecskemét, Hungary
- 25 Feb 2021 7:42 AM
Source:
HIPA
Source:
HIPA
The OECD forecasts Hungary’s GDP will climb by 2.1% this year and its growth accelerating to 2.8% in 2025, according to its biannual Economic Outlook published.
Currently there are some 6,000 billion forints (EUR 15.2bn) worth of Chinese investment projects under way in Hungary, creating 25,000 jobs, the foreign ministry quoted Péter Szijjártó, the minister of foreign affairs and trade, as saying in Beijing.
British American Tobacco is expanding production in Pécs, in south-west Hungary, with a new 60 billion forint (EUR 152.4m) plant manufacturing smokeless products, creating 450 jobs, Péter Szijjártó, the minister of foreign affairs and trade, said in Budapest.
Foreign Minister Péter Szijjártó on Monday inaugurated an 800 million forint (EUR 2.1m) capacity expansion at car-parts manufacturing plant Autoflex-Knott, and said Hungarian companies were increasing their market shares abroad.
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