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Orbán-Merkel Meeting: BMW Could Open Plant In Hungary, Press Claims

Ferenc Sullivan 2015.02.03.

German Chancellor Angela Merkel and Hungarian Prime Minister concluded agreements on a number of large German companies investing in Hungary at their meeting yesterday, news website has claimed.
Siemens will play a role in the management of the Paks Nuclear Power Plant and will also take part in the construction of the Paks 2 nuclear facility, while BMW is considering the establishment of a production plant in Hungary, the exact location of which is currently unknown. It also appear certain that Mercedes-Benz is to build a new factory next to its current production unit in Kecskemét. has also disclosed that the thirty new helicopters to be acquired by the Hungarian army and police force will probably be provided by the German-French firm Airbus Helicopters. The Ministry of Defence is planning to spend HUF 172 billion on the acquisition. An agreement was also reached to increase Hungarian state ownership to 50 per cent in a Hungarian power plant in which German company RWE currently has majority ownership.
During her visit to Budapest, Chancellor Merkel met representatives of German companies; however, Dirk Wölfer, head of communications of the German-Hungarian Chamber of Industry and Commerce, told the news website Index that no mention was made of these specific investments. Mr. Wölfer was unable to confirm nformation on BMW’s planned investment, claiming that the car manufacturer was not represented at the meeting.