Automotive industry's production value increases

Szijjártó attended the inauguration of Qualitative Production's new production hall

MH – 2018.09.09. 11:03 –

“The production value of the Hungarian automotive industry increased by six percent during the first half of 2018 compared to the similar period last year”, Minister of Foreign Affairs and Trade Péter Szijjártó said at the inauguration of Qualitative Production (QP) Plc’s new six thousand square metre production hall in Gyõr on Friday afternoon, Kormany.hu reports.

The Minister of Foreign Affairs and Trade explained that the production value of the Hungarian automotive industry had already reached 4.5 trillion forints (EUR 13.8bn) by the end of June this year, while the value for the whole of last year was 8 trillion forints (24.4bn), and all-time record. The automotive industry provides 29.3 percent of the total performance of the processing industry and currently employs over 167 thousand people, he added, according to the government's website.