New Lidl logistics hub creating 413 jobs

While direct investments dropped by 42 percent globally amid the coronavirus pandemic, Hungary’s investment promotion system was a success story, Szijjarto told the opening event, with investments amounting to a record 1,886 billion forints last year.

Hungary has moved closer to full employment, with more job-holders than ever before since post-communist transformation, he added.

German companies are the largest investor community in Hungary, and trade between the two countries was record high in 2021, he said.

“German-Hungarian economic cooperation has been a success story and we are writing an important new chapter now,” he added.

Lidl opened its first Hungarian unit in 2004 and currently has nearly 200 outlets and four logistics hubs around the country.