Hungarian Conservative

The value of the three-part investment is HUF 26 billion, with the government providing approximately HUF 900 million in support, Minister of Foreign Affairs and Trade Péter Szijjártó announced on 23 May. The minister highlighted at the inauguration ceremony of Siemens Energy Ltd’s new plant that the German conglomerate will manufacture gas turbine burners in its new multifunctional facility and establish a dual training centre there, equipping Hungarian professionals with the knowledge needed for using the latest technologies.

The minister recalled that the Factory Rescue Programme was launched by the government following the outbreak of the conflict in Ukraine, to enable domestic companies to strengthen their independence from the highly unpredictable fluctuations of international energy markets and to preserve jobs and maintain economic performance.