Two New Chinese Car Brands Enter the Hungarian Market Two more Chinese car brands are entering the Hungarian market. SERES Group and Duna Autó Group signed an exclusive import... 2024.05.17.
Despite Political Tensions German Investments are Still Resilient in the Country Despite political tensions, there has been no change in German economic activity in Hungary. In fact, more German investment flows... 2024.05.15.
German Automotive Supplier Invests HUF 5 Billion to Upgrade Its Szombathely Plant With an investment of more than HUF 5 billion (EUR 12.9 million), the automotive supplier Schaeffler has upgraded its plant in... 2024.05.14.
Foreign Minister Discusses Expansion of Cooperation with China’s BYD On Thursday, the Minister of Foreign Affairs and Trade announced on Facebook that talks on further expanding cooperation between BYD... 2024.05.10.
Mercedes-Benz Factory in Kecskemét to Get a New Road A new service road will be designed and built on behalf of the city in the southern industrial park of... 2024.04.23.
Massive Chinese Investments Inject Billions of Euros into Hungary’s Economy The Minister of Foreign Affairs and Trade, Péter Szijjártó announced in Beijing that Chinese companies are investing EUR 15.2B (HUF... 2024.04.23.
Minister for National Economy States Economic Growth Will Resume Next Year The Minister for National Economy declared in Debrecen that economic growth will resume next year, expecting a 4.1 percent expansion... 2024.04.18.
Minister for National Economy Travels to Germany for Talks on the Future of Automotive Industry Márton Nagy and a delegation of the Ministry for National Economy are traveling to Germany, the Ministry informed the media... 2024.04.15.
Automotive Industry Is the Biggest Economic Success of the Past 30 Years "The automotive industry has been the greatest success story of the past 30 years," remarked Gergely Fábián, Secretary of State... 2024.04.12.
New Mercedes Plant to Start Production by the End of Next Year The construction of the new Mercedes plant in Kecskemét (central Hungary) is proceeding in accordance with the original schedule, the... 2024.04.09.
Robot Replaces Human Labor at Audi’s Factory in Győr Audi Hungaria has introduced new technologies in engine production, the Győr-based (northwestern Hungary) company said on Friday, writes Világgazdaság. In... 2024.04.08.
The Suzuki Vitara, a Favorite of Hungarians, Has Been Renewed The new Suzuki Vitara was first unveiled at the 2014 Paris Motor Show, reports Világgazdaság. The appearance of the Vitara... 2024.04.04.
MOL Wins Funding to Develop New Recycling Technology The Hungarian multinational oil and gas company, MOL, is aiming to develop plastic products containing recycled waste, which can be... 2024.03.04.
Four Millionth Suzuki Rolls off Production Line in Esztergom A Vitara, the four millionth car produced at Suzuki's Esztergom (northern Hungary) plant, rolled off the production line. The company... 2024.02.09.
Chinese Battery Factory CATL Starts Recruitment around Debrecen The Chinese Contemporary Amperex Technology Co. Limited's, (CATL) battery factory in Debrecen (eastern Hungary) is scheduled to start production from... 2024.02.01.
BYD Purchase Agreement Signed for Szeged Manufacturing Plant The purchase agreement on the site for the future Chinese BYD plant, the world's largest electric car manufacturer, in Szeged... 2024.01.30.
Leading European Agency Recommends Hungary for Investment The Mercedes plant in Kecskemét (central Hungary), one of the many important investments in the automotive sector Scope Ratings recommends... 2024.01.29.
Bavaria Is One of Our Most Important Economic Partners, Says Foreign Minister The BMW plant under construction in Debrecen (eastern Hungary) The economic cooperation between Hungary and Bavaria has a future, because... 2024.01.24.
BYD Strengthens Its Presence with the Opening of New Dealership in Budapest BYD has signed a strategic retail agreement with the Schiller Car Family (Schiller Autó Család). The Chinese car manufacturer is... 2024.01.12.
Schaeffler to Launch Major Research and Development Project in Szombathely Hungary has successfully become a European champion in the first phase of the competition for manufacturing capacity in the new... 2023.12.20.
South Korean Hanon Systems Creates 250 New Jobs in Three Cities Hanon Systems, one of South Korea's largest automotive suppliers, will create 250 new jobs in Székesfehérvár (central Hungary), Pécs (southwestern... 2023.12.18.
