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Almost 100 German-owned companies have undertaken around 400 million euros of investments in Hungary supported by government stimulus during the coronavirus crisis, state secretary Levente Magyar said at the annual year-opener of the German-Hungarian Chamber of Industry and Commerce (DUIHK) on Wednesday.

The government has more crisis management and growth incentive programmes that will support businesses in the works, Magyar said.

He noted that German-owned companies have made 134 big investments with a combined value of 7 billion euros in Hungary in the past seven years.

Newly Elected CDU Leader Laschet Unlikely to Seal EPP-Fate of Fidesz
Newly Elected CDU Leader Laschet Unlikely to Seal EPP-Fate of Fidesz

On Saturday, Germany’s ruling Christian Democrats (CDU) elected Armin Laschet, prime minister of the German state of North Rhine-Westphalia, as their new leader. Although many voiced their hope that the change of leadership would finally help to seal Fidesz’s fate in the EPP, Laschet, whose political approach is similar to that of Merkel, is expected […]Continue reading

DUIHK chairman András Sávos said the chamber’s membership numbers reached 926 at the end of 2020. DUIHK will continue to support its members as an advocate and by offering concrete business services and data, he added.

featured image: Levente Magyar; via Zoltán Balogh/MTI