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"It is a project which will put Hungary on the map of higher-than-average EU exporters of chocolate," Ghraoui, 62, told Reuters in his downtown Budapest office with panoramic views of the ornate houses of parliament.
Ghraoui, scion of one of the oldest Damascus merchant families with business dating back to 1805, says he always had a "soft spot" for the Central European nation where he has been doing some non-sweets business since the early 1990s.
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Asked about Hungary's 2015 decision to build a border fence to keep out migrants - including Syrians - flocking to Europe to escape war and poverty, Ghraoui said politics "is not my domain.
"For me, I am very well treated, and I am not a refugee - I am a citizen." Ghraoui's confectionary gained global renown; it won the "Prix Spécial d'Honneur" at the Salon du Chocolat trade fair in Paris in 2005.
He and three other companies invested around 25 million euros (.14 million) in the factory and the Hungarian government contributed 5 million euros and a tax subsidy.
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But Syria's war slashed production at his factory in a Damascus suburb to less than 0.5 percent of its peacetime level.