Swiss aviation industry investment in Eger

“The RUAG Group, which is owned by the Swiss Confederation, will be realising a two billion forint (EUR 6.5M) aviation industry investment in Eger”, Minister of Foreign Affairs and Trade Péter Szijjártó announced at a press conference held jointly with the directors of the Swiss technology company.

“RUAG is one of the world’s one hundred most important defence industry companies, and plans to manufacture fuselage elements for its Airbus 320 and Bombardier aircraft at its plant in Eger”, Mr. Szijjártó told the press.

“The investment by RUAG Aerostructures will also create 180 new jobs in the Heves County capital. The Government is contributing 382 million forints in non-returnable funding towards the project”, he added.

“By choosing Eger for its latest research & development based investment, the Swiss company has acknowledged the favourable Hungarian investment environment, the Hungarian vocational training system, and this is also a recognition of the professional expertise and knowledge of the Hungarian workforce and the people of Hungary”, Mr. Szijjártó declared.

The Minister of Foreign Affairs and Trade also spoke about the fact that last year the production value of the Hungarian aviation and aerospace industry exceeded 34 billion forints (EUR 110M), 15 percent more than in the previous year. “1566 people work in this sector of industry in Hungary, and their numbers have increased by 18 percent during the course of the past year”, he said.

Mr. Szijjártó told the press that in view of the fact that RUAG has come to Hungary and Lufthansatechnik has also brought its engineering centre to Hungary, this sector, the aviation and aerospace industry, is also expanding in Hungary.