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Hungarian FM: Hungary is Europe’s most competitive investment zone
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Hungary is Europe’s most competitive investment zone, the Minister of Foreign Affairs and Trade stated in Biharkeresztes at the ceremony of Viastein Kft. where the company’s paving stone manufacturing plant was inaugurated and the foundation stone of a new paving stone finishing hall was laid down.
Viastein Kft. is building the new facility from an investment of HUF 8.9 billion which will create 180 new jobs. The Hungarian government is providing a non-repayable grant of HUF 2.18 billion for the purposes of the project.
Péter Szijjártó stressed it is important from the viewpoint of investments that Hungary is Europe’s safest country, and additionally this is where the – single-digit – corporation tax is the lowest in the European Union. He added that in the past eight years 750,000 new jobs had been created, and therefore anyone who wants to work has the possibility to do so. He said the Hungarian economy has entered a new dimension in recent years, and the country is near to full employment. In 2010 unemployment stood at 12 per cent which has fallen to 3.8 per cent nationally, but in the Bihar region, too, it is now below 5 per cent.
The economy is growing at the rate of 4 per cent, and they would like to maintain this growth rate also in the coming years.