“The construction of the BMW plant will further reinforce the Hungarian economy”, Minister of Foreign Affairs and Trade Péter Szijjártó declared on Tuesday in a statement to Hungarian news agency MTI in response to the fact that the German car manufacturer announced that the construction of the plant will begin in spring 2020.

“It is thanks to the Hungarian people that this development project is coming to Hungary; it is a result of the high-quality work, diligence and excellent performance of the Hungarians”, Mr. Szijjártó added. He highlighted the fact that the Hungarian economy is performing at a world class level, as also proven by the fact that it achieved the world’s 34th highest export performance last year and is capable of producing over 100 billion euros in export goods and services annually.

The Minister explained that the Hungarian economy is continuing to perform well above the average rate of economic growth of the European Union, adding that the introduction of an economy protection action plan is required at the beginning of next year in the interests of maintaining growth, in view of the fact that Brussels has not only got its migration policy wrong, but also its economic policy, as a result of which stagnation will also generally be characterising the countries of the eurozone next year. “There are more and more valuable investments arriving in Hungary, which is good because it means there is increasing demand for the products and services of Hungarian small and medium-sized enterprises”, he stated.

“Hungarian SMEs are playing a major role in the supply chains of the large international corporations who are settling in Hungary. The arrival of an increasing number of investments and investment projects that represent a continuously increasing level of added value is also good news because salaries are also increasing dynamically as a result: the average monthly salary offered by the jobs created by new investment projects has increased from 304 thousand to 450 thousand over the past eighteen months”, Mr. Szijjártó said.

(MTI)