HUF 6 billion Alstom investment inaugurated

Peter Szijjarto, the minister of foreign affairs and trade, on Thursday inaugurated a capacity expansion of French machine manufacturer Alstom in Matranovak, in north-east Hungary, and said that record investments would propel the country to the top of Europe's list of fastest-growing nations.

The 6 billion forint project, which is expected to create 150 jobs, is supported by a 1.2 billion forint government grant, Szijjarto said.

The investment will expand the plant’s capacity by 40 percent, he added.

France, the second largest economy in the EU, is among the five largest investors in Hungary, he added.

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