Ganz’s Manufacturing Expands for Nuclear and Renewable Energy Markets Ganz Transformer and Electrical Rotating Machinery Manufacturing Ltd. has embarked on a HUF 4.65B (EUR 11.8M) technology development project within... 2024.02.28.
Cooperation Agreement with Iran Opens New Trade Opportunities Hungary and Iran are both interested in developing economic cooperation in areas not affected by sanctions, such as the pharmaceutical,... 2024.02.22.
Austrian Construction Company Told to Fix Cracking Surface on Motorway The structure of the M30 motorway has shifted in several places at kilometer 38 in the Szikszó area, causing cracks... 2024.02.21.
Investments Worth Billions Announced in Tourist Favorite Szentendre The foundation of the new SPAR supermarket was laid on Tuesday at the HÉV (Budapest Railway of Local Interest) terminus... 2024.02.21.
Swiss Giant Nestlé to Upgrade Its Pet Food Plant in Bük with a Huge Investment Nestlé Hungária will develop its Purina pet food factory in Bük (western Hungary) to the tune of HUF 55 billion... 2024.02.19.
OXO Labs to Invest in Nine Tech Start-ups This Year OXO Labs, a subsidiary of OXO Technologies Holding, plans to invest in at least nine technology start-ups over the next... 2024.02.15.
Foreign Minister: New Spanish Investments Could Arrive During his visit to Spain, Minister of Foreign Affairs and Trade Péter Szijjártó held talks with the leaders of automotive,... 2024.02.14.
Minister Encourages U.S. Companies to Reinvest Their Profits in Hungary One of the American Coca-Cola plants in Hungary The Minister of National Economy Márton Nagy gave a presentation at the... 2024.02.02.
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.
German-Hungarian Chamber of Commerce’s Goal is to Be Predictable in the “Decade of Unpredictability” "We are living in a decade of unpredictability; the global economic environment has presented us with challenges we were not... 2024.01.26.
Global Player BioTechUSA Invests HUF 1 Billion to Improve Capacity With an investment of HUF 1 billion (1 EUR= 386 HUF) - of which HUF 245.4 million is state aid... 2024.01.25.
UAE’s Mohamed Alabbar Reportedly Proposes Dubai-Style Skyscraper in Budapest The Burj Khalifa in Dubai, UAE The government has unveiled plans for a groundbreaking economic cooperation agreement with United Arab... 2024.01.12.
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.
Government Boosts Construction of Budapest-Belgrade Railway Line The latest issue of the official journal of the Hungarian Parliament reveals that the government is turning some projects related... 2023.12.07.
LG and Magna’s First Joint European Factory in Miskolc Will Create 200 New Jobs The joint venture of South Korea's LG and Canada's Magna will see its first European factory built in Miskolc (northeast... 2023.12.05.
Government Support for R&D Investments to Increase The maximum value of aid for research and development (R&D) investments will be increased from EUR 15 million to EUR... 2023.12.04.
Insulation Manufacturer Masterplast Expands in Italy Newly built Masterplast factory in Italy Investment and export records will be broken in Hungary again this year, with working... 2023.11.29.
South Korea’s Hankook Tire to Expand Rácalmás Plant with HUF 210 Billion Hankook Tire will create 450 new jobs in Rácalmás (central Hungary), where the South Korean company will manufacture tires specifically... 2023.11.24.
Chinese Automotive Investment Worth HUF 39 Billion Arrives Zhejiang Shuanghuan Driveline, a Chinese automotive company, will create 450 new jobs in Jászfényszaru (central Hungary) as a result of... 2023.11.20.
Renowned Hungarian Pharmaceutical Company Upgrades Its Szolnok Plant Béres Pharmaceuticals Ltd. has created 24 new jobs in Szolnok (central Hungary) thanks to an investment of HUF 8.3 billion... 2023.11.13.
Giant Automotive Investment near the Capital: Logistics Park To Be Built WLP (Weerts Logistics Park), a Belgian-Hungarian-owned company known throughout Europe for building state-of-the-art warehouses, and RaktárAD have launched its third... 2023.11.10.
