German Company Boosts Economy in Debrecen with Creation of 100 New Jobs
German-owned company Harro Hofliger Hungary has announced plans to invest HUF 6 billion in building a new production hall in Debrecen, Hungary. This investment is expected to create 100 new jobs in the region. Minister of Foreign Affairs and Trade Péter Szijjártó confirmed the government’s support for the project, providing HUF 1.5 billion towards its development.
Harro Hofliger has a strong partnership with the University of Debrecen and local vocational schools, showcasing its commitment to the local community and education sector. German companies, like Harro Hofliger, play a significant role in Hungary’s economy, accounting for one-fifth of inward foreign direct investment and one-fourth of the country’s trade.
Over the past decade, the Hungarian government has supported 318 major investments by German companies, totaling HUF 3,800 billion. This partnership has led to significant economic growth and job creation in the country. In addition to the investment from Harro Hofliger, agreements were made last year for projects worth over EUR 10 billion, which are expected to create 18,500 more jobs in Hungary.
The new production hall in Debrecen is a testament to the strong economic ties between Germany and Hungary, highlighting the potential for further growth and collaboration in the future. With a focus on innovation and job creation, investments like these are crucial for driving economic development and prosperity in the region.
