State Secretary for External Economic Relations and Foreign Affairs Péter Szijjártó and Director of Opel Szentgotthárd Tamás Solt announced that Opel will expand its manufacturing facility in Szentgotthárd with an investment of 60 million euro.

The State Secretary declared that the goal of the Government’s new economic policy was to make Hungary one of the production centres of the EU, adding that success is underpinned by more and more factors including that the country is standing on its own two feet, the economic outlook are good and investments are on the increase. He declared that the sum of Foreign Direct Investment totalled 78.5 billion euros at the end of 2012, equalling 80 percent of the Hungarian GDP, in which the automotive industry and affiliated industries played a significant role.

The State Secretary drew parallels between the Hungarian Government and the expansion strategy of Opel that considers expanding in the Far Eastern market as an opportunity for counterbalancing the European recession. He called the cooperation between Opel and its Hungarian small and medium sized suppliers exemplary. Opel doubled the earlier sum and now buys in at a value of 130 million euros. The State Secretary reminded the press that the Government’s strategic partnership agreements signed with big investors affect the activities of small and medium sized companies, opening new developing opportunities. He also added that the Government helps accelerate infrastructural development projects and is supporting the reorganisation of vocational education to make the trained workforce of the Hungarian economy even more attractive to investors.

(Prime Minister's Office)