Solar Panel Makers Mulling EUR 3 Bln Investments In Hungary

Date: 28 June 2007

Seven leading international solar panel makers have expressed interest in investing in Hungary, with projects totaling EUR 3 bln, Hungary's Economy Minister Janos Koka announced late Thursday in Washington D.C, without naming the potential investors.

"Investment and Trade Development Hungary (ITDH) [a state-run organization responsible for attracting foreign investment] is currently negotiating with seven top solar panel makers on investments worth a combined EUR 3 bln that would create a total of 5,000 new jobs," according to a statement on the ministry's website.

Solar panel production projects need special technologies, therefore they cannot easily be moved to other countries and are likely to remain in Hungary for the longer term, Koka said.

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Biznes.onet.pl

2007-06-28T13:00:00

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