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FM: Hungary is one and a half years ahead of the world economic process

Szijjártó made the comment in terms of Hungary’s recovery from the coronavirus crisis, thanks to its effective defense strategy.

According to the MTI announcement, Minister of Foreign Affairs and Trade Péter Szijjártó said at a press conference announcing an investment by General Electric (GE) that the American industrial conglomerate will create 100 new jobs in Veresegyház by the end of the year with an investment of HUF 10 billion. GE has five factories and three research and development centers in Hungary, employing a total of roughly 4,000 people.

The minister said that the pre-epidemic performance of the world economy had already been reached in Hungary by the end of the first half of this year. This is partly due to the fact that while 114 million people have become unemployed globally, more people are working in Hungary than ever before. Furthermore, the vaccination campaign has managed to gain a roughly two month advantage over other EU countries.

Péter Szijjártó pointed out that during COVID-19, 22 American companies made investments in Hungary worth some HUF 42 billion, to which the government contributed HUF 16 billion, helping to protect more than 14,000 jobs.

In Hungary, 1,200 American companies employ about 106,000 people, the FM added. He also emphasized that a compromise had been reached on the global corporate tax minimum in Paris a few days ago that would not jeopardize investment and jobs in Hungary.

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