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Index – Economy – Péter Szijjártó announces that Rolls-Royce begins a huge investment in Hungary

Index – Economy – Péter Szijjártó announces that Rolls-Royce begins a huge investment in Hungary

Announcing the new research and development investment for British Rolls-Royce, Péter Szijjártó said the company was designing tools for future transportation at its Budapest headquarters, parts for hybrid and electric aircraft, and systems based on high-speed generators.

These are parts that still belong to an incredible class, but a few years ago we thought a self-driving car was science fiction in the same way that electric cars seemed far-fetched a few years ago.

He said.

The Minister of Foreign Affairs and Trade indicated that there is very strong international competition for all investments, especially when it comes to investments that develop future technologies, which represent high technological standards and high added value.

The project, worth HUF 6.9 billion, was supported by the state with about HUF 1.7 billion, which contributed to the creation of twenty engineering jobs in addition to the existing one hundred and twenty.

The Prime Minister emphasized that the dimensional change of the economy is carried out with great efforts, when, after the results of strong industrialization, they want to create an economy based on development with the highest possible added value.

Finally, he also reported that British companies have already invested nearly six billion dollars in Hungary, where it now employs more than 50,000 people. The value of bilateral trade has already increased by more than twenty percent this year.

In its announcement, the company said that the investment will open twenty new job opportunities for engineers at the company’s Budapest site, where they will work on technological solutions that shape the future of sustainable aviation.