Hungary ranks third in the world in the export of rear-view mirrors, only the exports of the United States and Germany precede Hungary, in which the Hungarian family-owned Hirschler Glas Kft. In Sopron plays a significant role, said the Minister of Foreign Affairs and Trade in Sopron on Tuesday. when announcing the development of the company.
Péter Szijjártó explained that the more than 120-year-old company based in Sopron, which manufactures rear-view mirrors, will increase its capacity and product quality with a development of HUF 185 million.
The government supports the investment with HUF 92.5 million; so the company can retain 67 employees, he added.
He emphasized that in addition to flat glass production, the company also manufactures complete rear-view mirrors for Volkswagen, Iveco and Volvo, among others.
This investment shows that large international companies and Hungarian-owned family businesses complement each other excellently, and that the Hungarian economy operates in a healthy, balanced structure, he added.
The Minister of Foreign Affairs and Trade also pointed out that thanks to the efforts of the last 10-11 years, a “vibrant” Hungarian economy has been created, in which, in addition to large companies, Hungarian family-owned companies can make forward-looking decisions, even in such difficult times.
He added that the automotive industry, which is the flagship of the Hungarian economy, has increased its production value by two and a half times in the last ten years and now employs 175,000 people.
He stressed that although we left 2020 behind, the difficulties were not.
We all hoped that the euphoria promised from Brussels, which stemmed from the rapid delivery of vaccines, would start 2021 differently than we did last year, but it has now become clear that vaccines do not come in millions or hundreds of thousands, but only dripping to every ten thousand EU member states
– He told.
This will delay the lifting of restrictions, he continued, adding that the government is constantly negotiating to buy vaccines from the east as well.
If this succeeds in large numbers, the Hungarian authorities will give permission, and we can vaccinate people quickly, then the restrictive measures can be lifted much sooner, he said. It will have a positive impact not only on people’s daily lives, but also on the economy, he said.
He stressed that the epidemic would endanger jobs in addition to human health, which is why the government decided to fund job retention, as opposed to the opposition’s proposal, which would have distributed money on a social basis.
In keeping jobs, the companies are allies of the government that do not decide to limit production and eliminate jobs, but to develop, invest and keep jobs, Péter Szijjártó stated.
He added that the winners of the new economic era will be those countries that can attract as much investment as possible.
Article and cover image: Pixabay
*The article has been translated based on the content of Propeller – Saját anyagok by propeller.hu. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!