Péter Szijjártó, the minister of foreign affairs and trade, on Thursday inaugurated a capacity expansion of French machine manufacturer Alstom in Mátranovák, in north-east Hungary, and said that record investments would propel the country to the top of Europe’s list of fastest-growing nations.
The HUF 6 billion (EUR 15.4 million) Alstom project, which is expected to create 150 jobs, is supported by a HUF 1.2 billion (EUR 3.08 million) government grant, Szijjártó said.
The investment will expand the Alstom plant’s capacity by 40 percent, he added.
France, the second largest economy in the EU, is among the five largest investors in Hungary, he added.
Parliament debates Hungary-UAE economic agreement
Parliament debated a proposal on an economic agreement between Hungary and the United Arab Emirates at its plenary on Thursday.
Tristan Azbej, a state secretary of the foreign ministry, said opposition lawmakers had “willfully misunderstood” the proposal.
Regarding the investment project to redevelop Rákosrendező area in Budapest’s 14th …