Hungary oasis for East-West economic cooperation?

Hungary shows that East-West economic cooperation is possible, based on interdependence, and highly beneficial, Péter Szijjártó, the foreign minister, said on Monday in Debrecen, in eastern Hungary.

Speaking at a ceremony opening a BMW training centre where the first hundred students started their three-year training in September, Szijjarto said the fact that the company had chosen to establish an exclusively electric production platform in Hungary showed great confidence in Hungarians.

Cooperation between BMW, the government and the city of Debrecen guarantees the availability of a sufficiently large workforce, a ministry statement quoted the minister as saying.

The government has provided 25 billion forints (EUR 65.1m) to the university to expand its technical engineering capacities and establish a vehicle technology research centre. Now more than 12,000 students attend the local vocational training centre, he added.

He said the schemes in Debrecen would enhance the country’s competitiveness, “which is especially important in the current period, when competition for investments in the world is fraught”.

Szijjártó said the winners or losers of this era depended on the way in which countries were able “to join the global automotive revolution” and how each would “take its share of the new automotive era”.