“Hungary has become a European automotive industry superpower”, Minister of Foreign Affairs and Trade Péter Szijjártó said at an event on Thursday to mark the 25th anniversary of the founding of Audi Hungaria Zrt, where temporary Chairman of the Board of Management of Audi AG Abraham Schot announced that the company will begin manufacturing of electrically driven vehicles at its plant in Győr, Daily News Hungary reports.
The Minister highlighted the fact that the production value of the automotive industry reached 8 trillion forints (EUR 24.7bn) last year, breaking all previous records, and increased by a further 6 percent year-on-year during the first six months of 2018, and if growth continues at this rate the automotive industry will set yet another record within the national economy by the end of this year.
Mr. Szijjártó also spoke about the fact that in recent years Hungary can boast economic, political and human achievements, thanks to which it has become a competitive and attractive investment destination.
“Political stability has become our trademark”, he said, adding that Hungary currently offers Europe’s most flexible job market regulations and the lowest taxes, in addition to which dual training has also been introduced based on the German model.
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