Péter Szijjártó, the minister of foreign affairs and trade, on Monday inaugurated an investment of German-owned Körber Hungária in Pécs, in southern Hungary, and said that bilateral ties between Hungary and Germany would continue to develop “as long as they are rooted in reality”. The 5.6 billion forint (EUR 14.7m) investment will increase the German-owned food and tobacco maker’s capacity and improve effectiveness, Peter Szijjártó said. The investment is supported by a 850 million forint government grant, he said. The plant is the second largest of over 25 Körber centres on four continents, he said.
Bilateral trade with Germany, Hungary’s “number-one economic ally”, hit a record 67 billion euros last year, and is expected to reach 70 billion this year, Szijjártó said. Germany has been the second largest investor in Hungary behind China in 2023, he added. That is thanks to German executives, who “make decisions based on experience rather than media coverage. As long as Hungarian-German economic cooperation is rooted in reality, it will thrive, as we can see here in Pécs,” he said.