Opel significantly contributed to turning Hungary into an auto industry hub, Minister Szijjártó said at a ceremony.
The Minister of Foreign Affairs and Trade Péter Szijjártó attanded the ceremony marking the 25 years of the Opel plant in Szentgotthárd. "The job and responsibility of the Hungarian government is to do everything to ensure that the new owner of Opel is incentivised to expand and develop its activities in Hungary", he said. The minister stressed that the government made several decisions - like slashing the corporation tax and giving tax breaks for R and D, which would burnish the attractiveness for the new owner, the French PSA group, of developing the factory. He praised Opel for its contributions to turning Hungary into an auto industry hub. The output of Hungary’s automotive industry last year came to 7,874 billion forints (EUR 25.5bn), 92 percent of which was produced for export.
