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SZIJJÁRTÓ: FRENCH COMPANIES TO INVEST HUF 40 BN IN HUNGARY

 

French pharmaceutical and automotive companies will invest 40 billion forints (EUR 122m) in Hungary based on agreements signed at business meetings on Thursday, Peter Szijjártó, the minister of foreign affairs and trade, told MTI in a phone interview from Paris. The investments in the near future will focus on research and development, innovation and technological progress, helping to further improve the Hungarian economy’s competitiveness, Szijjártó added. Hungary has traditionally fared well in the pharmaceuticals and automotive sectors in the more traditional age of the global economy and now its successes need to be reproduced in the two sectors in the new innovative age too, the minister said.