Construction Begins on 100 New Factories This Year
Hungarian Economy Thrives Despite Global Challenges
Hungary has managed to navigate through various crises, including the global financial downturn, the coronavirus pandemic, and the impact of war and sanctions, with success. Minister of Foreign Affairs and Trade Péter Szijjártó highlighted this achievement in a recent video posted on his Facebook page.
Szijjártó emphasized that despite the challenges, more Hungarians are employed now than before the pandemic, with a record 4.7 million people currently working in Hungary. The focus now lies on protecting these jobs and creating new opportunities to ensure families have stability and security.
In a noteworthy announcement, Szijjártó revealed plans for the construction of 100 new factories this year. Agreements with Hungarian and foreign companies are already in progress, signaling a positive outlook for economic growth and job creation in the country.
The Foreign Minister credited the government’s efforts in promoting investment, citing the successful conclusion of agreements totaling over €10 billion for new investments in 2023 and 2024. These achievements mark the past two years as the most successful in terms of investment promotion in Hungarian history.
The continuous influx of investment and the establishment of new factories signify a promising future for the Hungarian economy. Prime Minister Viktor Orbán’s commitment to economic development was reaffirmed in his recent national address, setting the stage for further progress and prosperity.
As Hungary continues to thrive amid global uncertainty, the government’s dedication to fostering economic resilience and creating job opportunities remains unwavering. With a focus on sustainable growth and industry diversification, the country is poised for continued success in the years to come.
