Weekly newsletter

Hungary will not back proposed European Union rules on pollution that would harm Germany and Bavaria’s car industry, Foreign Minister Péter Szijjártó said.

Hungarian and Bavarian interests fully coincide when it comes to rejecting attempts by Brussels to tighten the European Union’s 2030 climate policy targets, Szijjártó told Hungarian public media, referring to assurances he had made to the heads of Audi and BMW.

Stricter emission targets would be “a slap in the face for the competitiveness of Germany and Bavaria’s car industry,” he said. This, in turn, would “seriously damage the Hungarian economy”, so Hungary will not support the initiatives, he added.

BMW and govt reach agreement on investment grant for EUR 1bn plant

An agreement was reached on Friday with executives of BMW on government support for a 1 billion euro plant the German carmaker will build in Debrecen, eastern Hungary, Foreign Minister Péter Szijjártó said after talks in Munich.

A contract on the support can be signed on October 12, Szijjártó said. The scale of the funding, as well as the details of the contract, will be made public, he added.

BMW announced late in July that it would build the plant in Debrecen. The plant will have capacity to turn out 150,000 conventional and electric vehicles a year and will employ more than 1,000 people when production starts.

via MTI