Due to the war and Brussels sanctions, Europe is now threatened with a severe economic recession. Hungary can stay out of all this in one way: then we can be a local exception to the continental recession, then we can maintain the growth path of the Hungarian economy if we continue to successfully encourage the job-creating investments of large international companies – wrote Péter Szijjártó on his social media page.
The Minister of Foreign Affairs emphasized that the Korean electric car industry companies have played a major role in our economic growth, which regularly brought their factories for the production of electric batteries to Hungary. It is no wonder that today they form the third largest investor community in our country.
Today, Hungary is the European stronghold of the electric car industry (we have the world’s largest electric battery production capacity), and it has become a meeting place for Western and Eastern economies, as the large German car manufacturers produce a significant part of their electric cars and engines, for which the Koreans (and Chinese) are indispensable. ) – said the minister.
I told the Korean company leaders: despite the extremely difficult economic situation in Europe, there is no question of giving up our basic economic and social political goals! Full employment, preserving the lowest in Europe and maintaining the fastest investment promotion system cannot be a subject of compromise.