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Economics & Business News

Le Belier to invest HUF 8 bln in Hungary

French automotive industry supplier Le Belier today announced it would invest HUF 8 bln in the city of Ajka, western Hungary, with Hungarian state and EU support of 507 mln hungarian forints (HUF) being allotted for the first phase, Hungary’s foreign minister Péter Szijjártó said in Budapest today.

Szijjártó added that negotiations between the government and the firm are already under way regarding the second phase of the investment.

Le Belier to invest HUF 8 bln in Hungary