Hungarian Conservative

Head of Rheinmetall Power Systems division Christoph Müller noted at the ceremony that Szeged will be the group’s first hybrid site, where the civil business and defence technology activities will operate under one roof. The initial step will be the construction of a 15,000 square metre plant on the 85,000 square metre area adjacent to the ELI ALPS laser research centre, providing jobs for three hundred highly skilled professionals.

Mayor László Papp reminded that, in line with the new environmental policies launched in 2019, economic development in Debrecen must take place in a sustainable and environmentally conscious manner.

László Botka, the mayor of Szeged, called the signing historically significant for both the city and Hungarian economic history. He welcomed the close cooperation between the Szeged local government and the government on the matter, saying that the common goal is the quick construction of the factory.

According to press reports, BYD Auto Hungary has been registered with a capital of approximately HUF 192 billion, which is twice the annual budget of the city of Szeged, where the Chinese auto giant’s new plant is scheduled to begin production next year.

According to Mercedes-Benz Chairman Ola Källenius, the company’s Kecskemét plant is a crucial part of their global production network. He stated that the future is being built in Kecskemét, and this is not mere flattery, especially after the first EQB compact SUV model rolled off the production line in the plant in the autumn of 2021.

Nestlé Hungária Kft.’s recent capacity expansion investment in Bük is set to create 280 new job opportunities, marking yet another milestone in Hungary’s impressive year of record-breaking investments, exports, and employment, Minister of Foreign Affairs and Trade Péter Szijjártó made the announcement at the project’s inauguration ceremony.