Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó stated in Budapest on Monday that several domestic companies had become regional leaders in various key sectors due to the national interest-based economic development strategy of the past 14 years.
The minister announced that construction company Bayer Construct Zrt. would build a factory worth 15 billion Hungarian forints (38 million euros) in Sóskút, where a bathroom assembly plant would operate. The project would be supported by the state with 6.6 billion Hungarian forints (16.7 million euros), helping to create 100 new jobs.
Szijjártó claimed that the recently announced investment would contribute to further reinforcing of the construction industry, one of the main pillars of the Hungarian economy. The construction sector employed nearly 400,000 people, with output totalling €18.7 billion last year.
The government intends to make Hungary the most attractive investment environment in Europe. According to Szijjártó, the authorities regularly conclude strategic co-operation agreements with companies that contribute to economic growth through their investments and activities, as in the case of Bayer Construct Zrt.
The minister added that the partner companies committed to providing continuous training for their employees, increasing the added value of their activities, working closely with vocational training and higher education institutions, as well as working with Hungarian suppliers once the agreement was signed.
Today we signed the 95th strategic partnership agreement, this time with a Hungarian company, one of the leading players in the construction and property development sector in Central Europe.
