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2017-08-18 00:00:00
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Austrian-owned building materials company Leier Hungária is investing HUF 7 billion at six plants in Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó announced at a press conference on Friday in Budapest. The government is supporting the investment of the company, which employs 1,120 staff in Hungary, and provides training to 2,000 civil engineers and architects annually, with a HUF 1.3 bln grant, the minister said, according to Hungarian news agency MTI.
The Hungarian unit of Leier had HUF 25.5 bln of total assets last year and HUF 3.87 bln of after-tax profit, MTI added.
“Hungary respects the company group’s activities in Hungary to date, and particularly the founder’s commitment to Hungary [...] When it is based on mutual respect, cooperation between Hungary and Austria can be among the most successful.”
The minister also noted that Austrian enterprises are fourth on the list of the largest investors in Hungary. He reminded that the Hungarian government has in recent years provided HUF 5 bln in funding to assist Austrian companies in realizing investment projects in Hungary, kormany.hu reported.
“In the new era of the global economy, in which previously unimaginable modern technologies have become part of everyday industrial activities, it is particularly important for Austrian enterprises that represent high added value to continue to view Hungary as a primary location for their investments,” Szijjártó stressed, according to kormany.hu.
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