More than 300,000 jobs created by German companies in Hungary

German companies have created over 300,000 jobs in Hungary, Péter Szijjártó, the foreign affairs and trade minister, said during a break between his talks in Essen, western Germany, on Tuesday.

Hungary’s cooperation with German companies is based on mutual benefits, Szijjártó told MTI by phone. The minister argued that Hungary’s attractive investment environment allowed German companies to make investments that strengthen their roles in the global economy while increasing the value-added and the proportion of research and development in Hungarian workplaces.

The Hungarian economy, he said, “is therefore entering a new dimension dominated by services and R+D with the help of German companies”.

The minister said new investment projects by German corporations were to be expected in Hungary.

Szijjártó is holding talks in Essen and Stuttgart with company leaders, including those of ThyssenKrupp, Bosch, Daimler and SAP.

Hungary is in talks with multiple partners on new investment projects, the specifics of which will be announced soon, he said.