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German company invests a lot of money in Hungary
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German automotive industry supplier Schedl will invest 40 billion forints (EUR 101m) in wheel assembly capacity in the Hungarian cities of Debrecen and Kecskemét, Péter Szijjártó, the minister of foreign affairs and trade, announced on Friday.
Schedl will supply the local manufacturing bases of BMW and Mercedes-Benz from 2025, Szijjártó said. The state is supporting the investment, which will create 160 jobs, with 2 billion forints, he added.
Foreign minister: Hungary fights for ‘real European democracy’ with Austrian right
Hungary’s government and the Austrian right are fighting together for “real democracy” in Europe, so that those who stand up for their national interests and have a different position to the mainstream are not stigmatised, Péter Szijjártó, the foreign minister, said in Budapest on Friday.
The cooperation between Hungary’s government and the Austrian right will “contribute to our ability to preserve our sovereignty and bring to a halt the European Union’s federalisation efforts”, Szijjártó told a joint press conference with Petra Steger, a spokesperson of Austrian’s Freedom Party (FPO), according to a ministry statement.
“We both want to see a successful Europe, but we are certain that Europe can only be successful if it is made up of strong nations,” Szijjártó said.
In addition, he called security an important basis for success, which, he said, made it necessary to finally stop illegal migration, to protect the external borders, and to realise that the war raging in Ukraine had no solution on the battlefield.
Its OK for foreign car manufactures and their subcontractors to come to Hungary, receive monetary support, use cheap labour, make profit and take the profit out. But not for foreign supermarkets, who refuse to let government close oligarchs into running their business. Obviously the car industry has paid the needed contributions to the Fidedz political leaders and their aquintances – I guess that counts as “the real democracy”. More low paid jobs created, and probably will be mostly filled by foreign labour who send a major part of their earnings back home.
Why does Szijjarto have to make a statement about working with the “Austrian Right.” What statement has he made about working with the Communist Party of the People’s Republic of China with which they have made huge battery plant deals,, railway deals etc.?