Last minute: BMW's huge investment of 1 billion euros has been addressed!

BMW has chosen Hungary for the long-awaited electric car factory. Thus, BMW will have opened the factory for the first time since 2000. It will also be the 31st unit of production and assembly of BMW in the world

Designed to produce vehicles with internal combustion engines in the same production line as well as electric power, the new plant will produce 150,000 vehicles a year,

With the factory to be built in Debrecen, BMW plans to increase its capacity in Europe, accounting for 45% of its sales. The cost of the factory, 230 kilometers east of the capital Budapest, will be 1 billion euros.

With this investment from BMW, Hungary will further strengthen its position as a European center of attraction for the automotive industry.

MERCEDES AND AUDI DE ORADA

Mercedes, Audi and Suzuki are also among the producers of the country's automobile factories. The internal combustion engines used by Audi on electric vehicles and belonging to the Opel brand of the PSA group are also produced in Hungary.

While one-third of Hungary's total exports, or 10 million inhabitants, are automotive products, BMW is expected to rely on a 40% band with a whopping $ 1 billion investment. ; euro.

Another important investment is that the direct investment funds of the European Union will be transferred from Central Europe to the developing Europe with a lower level of development from next year.

On the other hand, analysts say that dependence on auto exports can have a negative impact on Hungary in the event of a recession in this sector. The country's exports last year amounted to 8.1 billion forints, or 30 billion dollars

. Another problem in the country is the weak supply of labor. The unemployment rate in Hungary is only 3.6%, and a significant proportion of the population tends to migrate to the west as citizens of many countries of central Europe, the wages being lower than the European average.

ING analyst Peter Virovacz notes that it is not easy to find 1,000 skilled workers for the factory, which is expected to open within 2 years, and that planning should already be done.

GÜNÜN ÖNEMLİ MANŞETLERİ