Szijjarto meets Bavaria economy minister, BMW board member in Munich

Bavaria is one of Hungary’s most important economic partners with the largest volume of bilateral trade, the foreign ministry said in a statement.

Peter Szijjarto welcomed economic cooperation which he said “has a bright future” as it is built on the cooperation of companies.

He also met Milan Nedeljkovic, the management board member in charge of production at German car maker BMW, and said that the company’s investment in Hungary “will significantly contribute to the country’s economic performance”. Szijjarto welcomed that the construction of the BMW plant in Debrecen, in eastern Hungary, was “progressing well”, adding that recruitment was underway. He said that Debrecen and eastern Hungary had become a “new hub” for the European automotive industry “thanks in large part also to Bavarian companies”.

BMW laid the cornerstone of the vehicle manufacturing plant in Debrecen in the summer of 2022. Production of the fully electric Neue Klasse is set to start there in 2025.