(ANSA-XINHUA) - BUDAPEST, SEP 30 - Chinese tech giant Lenovo
Group will build a manufacturing facility in Hungary, the
country's Minister of Foreign Affairs and Trade Peter Szijjarto
said here on Tuesday. The 8.2-billion-Hungarian-forint (26.3
million U.S. dollars) plant will be built in Ullo on the
outskirts of the capital, with a two-billion-forint government
grant, according to Szijjarto. "The investment will create 1,000
jobs and introduce advanced technological solutions. Production
at the plant could start in early 2021," the minister said,
adding that the investment would accelerate industrial
production based on development, meaning it offers great
opportunities for the Hungarian economy and Hungarian engineers.
Szijjarto stressed that Lenovo's decision confirmed that leading
technology companies trusted Hungary and justified the country's
"Eastern Opening" policy, underlining that global competition
for Chinese investment was fierce. (1 U.S. dollar = 311.5
Hungarian forints) Enditem (ANSA-XINHUA).
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