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Video: Vestfrost To Spend HUF 4.4 Bn On Expansion In SE Hungary

• 4 Dec 2018 8:49 AM
• Hungary Matters

Danish refrigerator manufacturer Vestfrost is investing 4.4 billion forints (EUR 13.6m) to expand its production and storage capacity in Csongrád, southeast Hungary, Foreign Minister Péter Szijjártó told a press conference.

The investment, which is supported with a 1.05 billion forint government grant, will create 93 jobs, he said. Vestfrost exports 98% of its products, which makes it a significant factor in Hungary’s economic performance, he said.

Szijjártó praised Danish-Hungarian economic relations, saying that 150 Danish companies have invested over 230 billion forints in the country and employ over 15,000 people.

Trade between the two countries grew by 13% in 2017, he noted, with the volume over 1.3 billion euros. Modern technologies brought by those companies help Hungary to transition to a new economic era, Szijjártó said.

MTI Photo: Szigetváry Zsolt

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