Turkish Sisecam receives €1.8 million grant from Hungarian state

A signal achievement of the past 10-12 years is that the Hungarian economy is supported by multiple pillars and many of its sectors are globally competitive, Péter Szijjártó, the minister of foreign affairs and trade, said in Aszód on Tuesday, announcing an investment by Turkey’s Sisecam Group which manufactures glass products for the automotive industry.

The country’s economic diversity has helped it overcome the global economic crisis, Szijjártó said.

The foreign ministry noted in a statement that

the government is providing a grant of 650 million forints (EUR 1.8m) in support of Sisecam’s 3 billion forint (EUR 8.3 m) development to be completed by the end of this year, adding 100 jobs.

Szijjártó said at the event that coronavirus-related restrictions had cost the country 10-15 billion forints each day, so reopening the economy two months ahead of competitors had been of huge significance and contributed to the country’s investment record and annual growth of over 6 percent.