Foreign minister Peter Szijjarto – Photo: Facebook

Szijjarto: More proposals approved to speed up economic recovery

The operative board coordinating Hungary's economic recovery approved eight more measures to help restart the economy, Peter Szijjarto, the minister for foreign affairs and trade, said on Friday.

The operative board has approved infrastructure and logistics developments in Komarom, God, Dunakeszi and Nyiregyhaza, the minister said.

The city of Komarom in the north, where a South Korean company has built one of the largest electric vehicle battery plants in Europe, will see a major upgrade of its transport infrastructure, including its railway line, he said.

The industrial park in eastern Hungary’s Nyiregyhaza will also undergo a significant upgrade with a view to attracting more investors, Szijjarto said. Meanwhile, an industrial innovation development zone will be established outside the city of God, which is also home to one of the world’s largest vehicle battery plants, he added.

In Dunakeszi, a modern railway transshipment centre will be built to serve the logistical needs of industrial areas north of Budapest, he said.

Under another measure, construction of Hungary’s MotoGP race track in Hajdunanas in the eastern part of the country will be speeded up so that it is ready to host a race by 2023, the minister said.

Also, the government will streamline the registration of patents, the recognition of higher education degrees obtained abroad and the settlement of IT professionals in Hungary, Szijjarto added.

He said these measures were necessary for Hungary to hold its own in the ever more competitive global economic environment. The period following the pandemic will decide which countries will be the winners of the new era of the global economy, he added.

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