Szijjarto inaugurates Korber investment
The 5.6 billion forint (EUR 14.7m) investment will increase the German-owned food and tobacco maker’s capacity and improve effectiveness, Peter Szijjarto said. The investment is supported by a 850 million forint government grant, he said.
The plant is the second largest of over 25 Korber centres on four continents, he said.
Bilateral trade with Germany, Hungary’s “number-one economic ally”, hit a record 67 billion euros last year, and is expected to reach 70 billion this year, Szijjarto said.
Germany has been the second largest investor in Hungary behind China in 2023, he added. That is thanks to German executives, who “make decisions based on experience rather than media coverage. As long as Hungarian-German economic cooperation is rooted in reality, it will thrive, as we can see here in Pecs,” he said.