BYD, the world’s leading electric vehicle manufacturer based in Shenzhen, China is opening a new factory in the southern Hungarian city of Szeged. Foreign Minister Péter Szijjártó has called it ‘one of the biggest investment projects in Hungary’s history’.
According to a statement from the ministry, Péter Szijjártó stressed that the German-owned ZF Chassis Modules Hungary Ltd will manufacture shock absorbers, as well as front and rear axles for electric cars produced from 2025 at the BMW plant in Debrecen and the Mercedes plant in Kecskemét.
At the inauguration ceremony of the new unit at the Dunaharaszti plant of Coca-Cola HBC Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó highlighted that US companies now constitute the second largest community of investors in Hungary.
‘I asked my colleague to assist us in ensuring that the two [remaining] Hungarian nationals who hold dual citizenship can be released from captivity as soon as possible,’ Péter Szijjártó shared, adding that it is excellent news that one of the affected individuals is demonstrably alive and stressed the importance of locating the other person. He expressed the hope that both can return home as soon as possible.
During a joint press conference with Alexey Likhachev, the head of the Russian nuclear energy company Rosatom, Péter Szijjártó welcomed the start of the construction of new reactors in Paks. He pointed out that the expansion is currently the largest nuclear project on the continent with a construction permit.
Foreign Minister Péter Szijjártó of Hungary took part in the inaugural ceremony for Astana’s newly renamed Petőfi Street, calling the gesture a profound sign of respect from the Kazakh people towards Hungary.
According to a statement from the Ministry of Foreign Affairs and Trade, Péter Szijjártó highlighted during the inauguration of the new office of Aldi International IT Services that the establishment of the IT service centre will create fifty highly skilled jobs. The state supported the 1.2 billion HUF investment with 120 million HUF.
Péter Szijjártó emphasized that this visit marks the end of a long hiatus in the relationship, as there had been no diplomatic ties between the two countries for a decade. He pointed out that the decision to normalize relations was made last year, aiming to establish cooperation that benefits both nations.
The National Assembly of Bulgaria passed a new, €10.2 per megawatt-hour tax on Russian gas coming through the TurkStream pipeline. President Aleksandar Vučić of Serbia and Foreign Minister Péter Szijjártó of Hungary have condemned the decision.
In a recent Facebook post, Péter Szijjártó informed that he had a phone conversation with the South Korean Foreign Minister Park Joo, in which they discussed not only issues of bilateral cooperation but also the significant challenges facing international security.