Minister for National Economy Says Hungary Fortifies Its Position as an Economic Hub "Each collaboration marks another success for the Hungarian economy, as Hungary endeavors to solidify its position as an economic hub,... 2024.05.22.
New Agricultural Support to Boost Innovation and Rejuvenate the Sector The economic situation is difficult; therefore, Hungarian agriculture not only needs support, but also a vision for the future, said... 2024.05.22.
Domestic Car Manufacturers More Competitive than Western European Rivals The success of the Hungarian automotive industry sends a clear message to manufacturers and investors that it is an economically... 2024.05.17.
Bosch Hungary Continues to Perform Excellently in Innovation The Bosch Group reported sales of HUF 2,207B (EUR 5.6B) in Hungary for 2023, nearly matching the previous year's revenue.... 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.
Minister Discusses Plan to Promote Electric Car Use with Heads of German Manufacturers Following his visit to Berlin in April, Minister for National Economy Márton Nagy traveled to Bavaria (southeastern Germany) and met once... 2024.05.15.
Food Industry Faces Major Transition to Maintain Competitiveness The food industry is the second largest employing sector after the automotive sector, reports Index. The government's competitiveness strategy sets... 2024.05.14.
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.
Multinational MOL’s Largest Organic Investment to be Inaugurated Next Week Next week, Hungarian multinational oil and gas company MOL's Polyol Complex in Tiszaújváros (northern Hungary) will be inaugurated in the... 2024.05.10.
German Defense Company Opens Its First Facility in Southwestern Hungary A soldier using a man-portable anti-tank system by DND GmbH. German company Dynamit Nobel Defense is establishing a defense research... 2024.05.10.
Hungary’s Strategic Partnership with China Forges Technological Innovations Péter Pál Kránitz, a senior researcher at the Hungarian Institute of International Affairs, underscores China's evolution from a producer of... 2024.05.08.
BYD’s Investment Opens up Development Opportunities for the Whole Region Benepack Hungary's factory under construction in the Makó industrial park János Lázár, Minister of Construction and Transport, held a press... 2024.05.07.
Large-scale Rail Industry Cooperation Signed between Hungarian and Tunisian Companies Railway station in Nabeul, Tunisia An agreement has been reached between Ganz, a Hungarian holding company, and its Tunisian partner... 2024.04.30.
Great Wall Motor Could Build Its First European Car Factory in Hungary A major announcement could reportedly be expected next week when Chinese President Xi Jinping visits Budapest. Szabad Európa, citing unnamed... 2024.04.30.
Community Supported Agriculture Model Growing in Popularity Although not yet well known, the so-called Community Supported Agriculture (CSA) model has emerged and is spreading in Hungary, Világgazdaság... 2024.04.29.
First Major Installation of Paks II Nuclear Power Plant Project Complete The first major installation of the Paks II project, the core catcher of Unit 5, is complete. The 730-ton piece... 2024.04.26.
Innovation Program’s Tenders Strengthen the Country’s Competitiveness Hungary's competitiveness is poised to receive a significant boost through tenders totaling almost HUF 340B (EUR 866M) under the János... 2024.04.26.
China’s Fiberhome to Set up Its Largest European Base in Hungary China's Fiberhome will set up its largest European base in Hungary, where it will manufacture optical cables. The HUF 8... 2024.04.25.
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.
