Flextronics will carry out a capacity expansion worth 35.5 billion forints in Zalaegerszeg, creating 210 new jobs, Foreign Minister Péter Szijjártó announced on Monday.
According to a statement from the Ministry of Foreign Affairs and Trade, the Hungarian government will provide eight billion forints in support of the project, which involves the construction of a new warehouse facility.
Szijjártó said the investment, by a company supplying components to major automotive manufacturers, has broader significance beyond job creation, as it is expected to support the development of Hungarian small and medium-sized enterprises. He also highlighted the firm’s dual education partnership with Budapest University of Technology and Economics, which contributes to strengthening the competitiveness of higher education.
The minister described the project as further evidence of what he called a new golden age in Hungarian–US economic relations. He noted that bilateral trade exceeded ten billion dollars last year, while US investments in Hungary reached a record 200 billion forints across 16 projects.
Szijjártó added that the United States is now the third-largest source of foreign investment in Hungary, and that the momentum continues, with four American investment announcements made within a single week in locations including Pétfürdő, Komárom, Oroszlány and Zalaegerszeg.
‘The United States is now the third-largest source of foreign investment in Hungary’
He also pointed out that industrial output in Zala County has increased by 30 per cent over the past decade, approaching an annual value of 900 billion forints, while unemployment has halved. During this period, 31 state-supported investments worth a combined 130 billion forints have helped secure around 7,200 jobs in the region.
Addressing broader economic challenges, Szijjártó warned of growing global uncertainty and highlighted risks linked to energy supply, including tensions in the Middle East and potential disruptions affecting oil markets.
He said the Hungarian government’s priority is to keep the country out of conflicts and to shield households and businesses from the economic consequences of wars, particularly in terms of energy supply and prices.
Szijjártó added that maintaining this approach is key to preserving recent economic achievements, noting that Hungary has recorded four of its most successful years in investment promotion despite global crises.
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