Published: November 20 2023
A new smart meter facility is set to open in Budapest, Hungary, thanks to a brownfield investment from Wasion. The facility will boost the economy and create job opportunities in the region.
The Investment and Job Creation
The brownfield investment by Wasion, which will be their sixth base, is being supported by a 390 million forint government grant. This investment will result in the creation of 300 jobs, providing employment opportunities for the local population.
Smart Meter Production
The newly established facility will produce one million smart electricity meters per year starting in 2025. This production output will contribute to Hungary's export records, as Wasion already exports its products to 50 countries.
Benefits of Cooperation with China
The Hungarian government sees cooperation with China as an opportunity rather than a danger. This investment from Wasion proves the benefits of pursuing a foreign policy based on common sense. The government urges the European Union to also choose cooperation over hostility with China, in order to further enhance economic opportunities and partnerships.
The new smart meter facility in Budapest, supported by a government grant, will have a positive impact on the economy by providing job opportunities and contributing to Hungary's export records. This investment highlights the benefits of cooperation with China and encourages other countries to prioritize collaboration for mutual growth and development.
Questions & Answers
What is the new investment in Budapest? The new investment in Budapest is a smart meter facility.
How many jobs will the new investment create? The new investment will create 300 jobs.
Who is supporting the new investment with a government grant? The new investment is being supported with a 390 million forint government grant.
When will the plant start producing smart electricity meters? The plant will start producing smart electricity meters in 2025.
How many smart electricity meters will the plant produce per year? The plant will produce one million smart electricity meters per year.
Which country does Wasion export its products to? Wasion exports its products to 50 countries.
What does the Hungarian government see in cooperation with China? The Hungarian government sees opportunity rather than danger in cooperation with China.
What is the government urging the European Union to choose? The government is urging the European Union to choose cooperation over hostility with China.