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SZIJJÁRTÓ: HUNGARY FASTEST GROWING EU COUNTRY

Hungary's GDP growth rate of 5% makes it the fastest-growing country in the European Union, the foreign minister said at a factory opening in Debrecen, in eastern Hungary, on Wednesday.
 

Péter Szijjártó attended the inauguration of a 15 billion forint (EUR 45m) plant built by German packaging and bottling machine manufacturer Krones.
The investment, which created 500 jobs, was supported with a 5.5 billion forint grant by the Hungarian government, Szijjártó said at the ceremony.
Concerning the Hungarian economy, Szijjártó said that in recent years Hungary has gone from being a production-oriented economy to a technology-oriented one, adding that by bringing the unemployment rate down to 3.3%, the country has “practically achieved full employment”. The minister called Hungary “one of the most competitive countries”, pointing out that while it ranked only 92nd in terms of the size of its population, it was the world’s 34th largest exporter. Hungary is one of 35 countries whose annual export volume exceeds 100 billion euros, he said. In the first half of the year, investors took decisions on implementing 43 major projects in Hungary with a combined value of 731 billion forints, Szijjártó said, adding that three of those projects would be implemented in Debrecen.