Hungary Among Leaders in Global Race for Battery Manufacturers A recent report by Bloomberg has highlighted the Hungarian governments' success in attracting lucrative and high-tech investment to the country... 2023.03.17.
Economic Development Minister Holds Talks with Suzuki Management Minister of Economic Development Márton Nagy recently received Atsumi Masato, CEO of Magyar Suzuki Zrt., at his office. According to the... 2023.02.21.
Electric Vehicle Boom in Hungary Recognized Abroad Hungary is becoming a surprise hub for Europe’s new battery industry, but critics fear it could become too dependent on... 2022.12.01.
Hungarian Mercedes-Benz Press Plant Starts Production Production has started at the new 23,000 square meter press plant of the Mercedes factory in Kecskemét. The second press... 2022.11.24.
Asian Car Brands Are Gaining Ground in the Hungarian Market Car brands from the Far East have been popular in Hungary, but now they could be in even greater demand.... 2022.11.17.
Hungary Prepared for New Solutions in Car Industry, Says Technology Minister Hungary is prepared to cater to the diverse solutions of the car industry of the future, when combustion engines will... 2022.07.29.
Two-Kilometer-Long Road at Planned BMW Plant in Debrecen Will Cost a Fortune Austria's Strabag Építő Zrt. has been awarded a HUF 17.487 billion (EUR 51.352 million) contract for the four-lane development of... 2022.02.09.
Hungary October Industrial Output Down 3.4% Industrial output in Hungary dropped by an annual 3.4 percent in October, according to a first reading of data published... 2021.12.07.
Production Starts of First Electric Car Manufactured in Hungary Hungarian car manufacturing has arrived at a new milestone with the mass production of the first fully electric cars manufactured... 2021.10.22.
Continental Invests HUF 4.2 Bn in Capacity Expansion Car parts supplier Continental Automotive Hungary will invest 4.2 billion forints (EUR 12.1m) to expand capacity at its R+D centres... 2021.06.07.
Used Car Prices Skyrocket Due to Pandemic As a result of the pandemic, the demand for used cars in the Hungarian car market has increased, and at... 2021.04.21.
Ford’s New Logistics Centre in Biatorbágy Will Serve 15 Countries in the Region Car manufacturers are continuing to bring engineering, development and service facilities to Hungary, Péter Szijjártó, the minister of foreign affairs... 2021.04.13.
Two US Automotive Companies to Invest HUF 12 Bn in Hungary American automotive companies BorgWarner and Jabil are launching investments in Hungary worth a combined 12 billion forints (EUR 33.5m) and... 2021.01.26.
Coronavirus: BMW Plant in Debrecen Moving Forward with ‘Slight Amendments’ The construction of BMW's plant in Debrecen is going ahead and work is being carried out according to the preliminary... 2020.05.15.
Automotive Industry in Hungary Restarts Production Gradually, Effects May Still Remain The automotive industry is slowly and gradually resuming production. Experts, however, agree that some effects will long remain and will... 2020.04.24.
Coronavirus: Suzuki and Mercedes Suspend Production In the wake of Audi's and Opel's decision announced yesterday, Suzuki and Mercedes also declared they will temporarily shut down... 2020.03.18.
South Korean Investors Extremely Interested in Hungary Over the past thirty years, Hungary's foreign economic relations have changed significantly. As a result of globalization, many non-European countries... 2019.12.10.
The Reason for Merkel’s Conciliatory Tone Towards Orbán A notable event could be observed at the meeting in Sopron, where Angela Merkel and Viktor Orbán commemorated the Paneuropean... 2019.08.29.
Bumchun Precision to Build EUR 40 Million Plant in Hungary South-Korea-based Bumchun Precision said Wednesday it would build a 13.3 billion forint (EUR 40m) plant supplying parts for electric cars... 2019.07.24.
