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Bosch to invest HUF 70 billion in logistics, manufacturing in Hungary

Robert Bosch Power Tool, a local unit of German engineering giant Bosch, has announced a 70 billion forint (EUR 183.0m) investment to set up a logistics centre and expand battery and tool manufacturing capacity in Miskolc, in northern Hungary, Peter Szijjarto, the minister of ...

Trans-Sped to create 270 new jobs with HUF 8 billion investment

Logistics company Trans-Sped has invested 8 billion forints (EUR 21.1m) in constructing six facilities nationwide, creating 270 jobs, Peter Szijjarto, the minister of foreign affairs and trade, said at the inauguration of one of the centres in Nagytarcsa, near Budapest, on Thursday.

Economic development minister addresses German-Hungarian industry chamber event

The Hungarian government has launched several programmes to counter the negative effects of global challenges on the economy which could also benefit German-owned companies in Hungary, the economic development minister said at an event organised by the German-Hungarian Chamber of Industry and Commerce (DUIHK) ...

Official: Dunaferr wage payments under way

The transfer of January wages for Dunaferr steelworks employees is starting within a few days in line with a government decision to help several thousand families whose livelihoods have come under threat, an official of the economic development ministry said on Friday.

Croatia to pay USD 235 million arbitration award to MOL

The state of Croatia will pay Hungarian oil and gas company MOL 235 million US dollars rendered in an arbitration case at the International Centre for Settlement of Investment Disputes (ICSID), Minister for Economy and Sustainable Development Davor Filipovic said on Croatian public television ...

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Hungary acquires indirect minority stake in Yettel

State-owned Corvinus Nemzetkozi Befektetesi has acquired an indirect minority stake in mobile telco Yettel through a share swap deal with Antenna Hungaria, a unit of listed IT company 4iG, the economic development ministry said on Monday.

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Szijjarto announces Semcorp investment in E Hungary

Shanghai-based Semcorp, a supplier of parts for electric vehicle batteries, will set up a 65.5 billion forint (EUR 182.6m) plant in Debrecen, in eastern Hungary, Peter Szijjarto, the minister of foreign affairs and trade, said in a video message on Facebook.

Roatex signs HUF 103 billion agreement

Szijjarto: Indonesian investment biggest Hungarian tech export so far

A 103 billion forint (EUR 287m) electronic road toll system to be built in Indonesia by Hungarian company Roatex will be Hungary's biggest technology export so far, Peter Szijjarto, the minister of foreign affairs and trade, said in Jakarta.