Thyssenkrupp AG will set up an engineering development hub with an investment of 2.2 billion forints (6.2 million euros) in the western Hungarian city of Veszprem, MTI reports.
The Budapest government supports the investment with a grant of 770 million forints.
Hungary ”has never had such a successful year” in terms of investment, given that the government provided last year assistance to 1,433 investment projects, the combined value of which amounts to 1.676 billion forints (4.6 billion). euro), Peter Szijjarto, Minister of Foreign Affairs and Trade, says.
He added that the Government awarded a total of 472 billion forints in 2020 and 80% of the SMEs that have committed to investment projects are Hungarian businesses.
Following the implementation of Government-supported projects, 12,603 new jobs were created in 2020 and 264,595 jobs were retained.