The must-have newsletter about Hungary

Related Articles



Péter Szijjártó, the minister of foreign affairs and trade, on Thursday attended an event at which Canada’s simulation technologies specialist CAE Group announced an investment project to be launched in Hungary. Referring to the project, using some 3.5 billion forints (EUR 8.6m), Szijjártó said he was certain that Hungary, similarly to previous years, would break an investment record in 2022. The minister said the agreement under which the government would provide a grant to the project, to be completed in Budapest and Veszprém, in western Hungary, was being finalised. Concerning investments in Hungary in general, Szijjártó said “the technological level of the projects, their digital content and their value added are all on the increase.” Hungary is a destination “for the most up to date investments of the present, whether they are electric cars or research and development projects”, he said. Szijjártó added that the number of jobs in the R and D area has now exceeded 90,000. Bilateral trade with Canada increased by 28% in the first nine months of the year, while Hungarian exports to Canada were up by 30%, Szijjártó said.