Hungary FM: Three New U.S. Investments Worth 21.5 Billion HUF Headed to Hungary

Three additional American investments are coming to Hungary with a combined value of 21.5 billion forints, creating more than 200 new jobs that require a high level of expertise, Foreign Minister Peter Szijjarto announced Wednesday in New York.

Szijjártó Péter

Meanwhile, Formlabs is bringing a software development–focused investment to Budapest. The company specializes in 3D printing—one of the most significant technological advances in modern industry and manufacturing. Hungary will be a location of the software development work needed to push the size limits of 3D printers even further,

Szijjarto added. The foreign minister stressed that all three investments share a common feature: each is unique at the Central European level.

These are high value-added investments, and there was intense competition for all three—not only from regional rivals but also from competitors outside Europe. In each case, Hungary prevailed. That is attributable to Hungary having some of the lowest taxes in Europe, major structural reforms in higher and vocational education that ensure a reliable skilled workforce, as well as the political, physical, and economic stability Hungary currently offers to investors,

he concluded.

Cover photo: Peter Szijjarto, Hungary's Foreign Affairs and Trade Minister, addresses the United Nations General Assembly (Photo: MTI)