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FM: Hungary Broke Two Investment Records Last Year

2022. január 06.

About Hungary

Hungary broke two great, investment-related records last year despite negative developments in the global economy.

The foreign minister said Hungary broke "two great, investment-related records" last year despite negative developments in the global economy.

Péter Szijjártó, Minister of Foreign Affairs and Trade, said agreements had been signed on FDI totalling an unprecedented HUF 1,886 billion (EUR 5.3bn) during the year. He added that the Hungarian government was providing HUF 270 billion in grants to aid those projects. Last year also saw the launch of the greatest greenfield development ever made in Hungary, with South Korea’s SK Innovation building a battery plant worth HUF 680 billion, the minister said, adding that altogether eight projects worth over 100 million euros were launched last year, including schemes by South Korean Eco Pro, and Turkey’s Sisecam.

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