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The record for investment in Hungary was broken again this year, with investments worth 6.5 billion euros (2,600 billion forints), Minister of Foreign Affairs and Trade Péter Szijjártó said on his Facebook page on Wednesday.
The Minister said that South Korea was the top investor in terms of volume, but Germany was the leader in terms of the number of new jobs created.
According to Szijjártó, Hungary’s investment structure is healthy, with 48 percent of investment coming from the East and 42 percent from the West, while Hungarian investment has reached 10 percent.
73 percent of the investments received this year are linked to the electric car industry.
Szijjártó said that the electric car industry is the real meeting point between the Eastern and Western economies. The major Western European and German car manufacturers will soon shift their focus to the production of electric cars. This requires electric batteries, which are mainly produced in the East by the Chinese and Koreans.
“Hungary has become the European champion of the electric car transition. We are the third largest producer of electric batteries in the world, and the construction of the largest European electric battery production plant will start early next year, so we are a realistic candidate for the world championship title after the European title,” he said.
Featured photo via Facebook/Szijjártó Péter