Hungary Aims to Become a Major Defense Industry Center The Hungarian government's priority national and economic strategic goal is for Hungary to become the leading defense industrial center in... 2022.11.07.
Damage to Europe-China Economic Cooperation Must Be Avoided, Warns Foreign Minister Speaking at the II Hungarian Battery Day conference, Foreign Minister Péter Szijjártó stressed that the world economy had turned upside... 2022.10.21.
Hungary Wants to Provide a Competitive Investment Environment The Hungarian government wants to create favorable conditions for foreign investment, according to the Foreign Minister. German business leaders spoke... 2022.10.11.
Audi Expands in Hungary Despite Gloomy Global Economic Outlook The Hungarian automotive industry has reached a production value of 6,600 billion forints in the first seven months of the... 2022.09.28.
HUF 3000 Billion Investment Creates 9,000 New Jobs in Hungary In the largest ever investment in Hungary, worth some HUF 3000 billion (EUR 7.4 billion), China's Contemporary Amperex Technology Co.... 2022.09.06.
‘Stable Hungary-Germany Ties Key to Industry Development’ Stable ties between Hungary and Germany are key to the development of the Hungarian industry, the technology and industry minister... 2022.07.28.
Foreign Minister Szijjártó: Mercedes to Install New Production Lines in Kecskemét as Part of a Mega Investment Mercedes will expand its assembly and bodywork plant in Hungary with new production lines worth HUF 400 billion (EUR 998... 2022.07.21.
Dunakeszi Járműjavító Kft. Becomes Hungarian Property Magyar Vagon Befektetési Vagyonkezelő Zrt. has acquired TMH International AG's stake in TMH Hungary Invest Zrt., the owner of Dunakeszi... 2022.06.28.
Foreign Minister: Hungary Opposes EU’s Phase-out Deadline of Conventional Car Engines Like the economy of Europe as a whole, its car industry faces grave challenges in the coming period, the minister... 2022.06.28.
Suzuki Retains Its Leading Position in the Hungarian Car Market In 2021, Suzuki Hungary's Esztergom plant produced more than a hundred thousand vehicles. The brand managed to maintain its leading... 2022.06.23.
Survey: Highest Pay Increases for R&D Managers This Year Executive salaries in manufacturing and production will rise by more than 10 percent this year, with the biggest increase coming... 2022.06.10.
World’s Largest Battery Manufacturer May Be Coming to Hungary Several public sources have recently published information suggesting that the world's largest battery manufacturing company, the Chinese Contemporary Amperex Technology... 2022.06.03.
Foundation Stone Laid for New, State-of-the-Art BMW Plant in Debrecen The foundation stone has been laid for the BMW Group’s new plant in Debrecen, Hungary. The €1 billion investment is... 2022.06.01.
Some Automotive Companies May Offer Extraordinary Raises due to Inflation and Labor Shortage Automotive companies may raise salaries during the year due to rising inflation and labor shortage, RTL News reported. The Hungarian Metalworkers'... 2022.05.17.
Industrial Output Up 3.6% in March Industrial output in Hungary grew by an annual 3.6 percent in March, the Central Statistical Office (KSH) said in a... 2022.05.06.
Suzuki Hungary Confirms Diesel Probe The local unit of Japanese car maker Suzuki has confirmed that an investigation related to vehicles with diesel engines it... 2022.04.28.
Industrial Output Up 4.5% in February Industrial output grew by an annual 4.5 percent in February, the Central Statistical Office (KSH) said on Tuesday. Output of... 2022.04.05.
TDK’s HUF 26 Bn Investment in Szombathely to Create 250 Jobs Japanese electronic car-parts manufacturer TDK is investing 26 billion forints (EUR 70.0m) into setting up a plant manufacturing sensors to... 2022.03.28.
Replica of First Ever Coach Produced in Keszthely A predecessor to the modern car and the father of European Renaissance transportation, a reconstruction of the first ever coach... 2022.03.06.
Industrial Output Up 8.9% in January Output of Hungary's industrial sector rose by an annual 8.9 percent in January, the fastest rate since summer, the Central... 2022.03.05.
Forint Weakening Led to Drastic Price Increase on Hungarian Car Market The weakening of the Hungarian forint (HUF) has led to unprecedented price increases on the Hungarian car market, even by... 2022.02.24.
