Hungary is entering a new era in industrial development with the announcement that Chinese electric vehicle manufacturer BYD will establish its European headquarters in Hungary.
FM: Hungary’s automotive industry performs well and remains the engine of economic growth
Soon, Hungary will be able to turn out more than 1 million cars and over 2 million engines a year, while it will have the second-largest battery manufacturing capacity in the world.
Hungarian-Saudi Business Council host forum in Budapest
Péter Kárpáti, the Hungarian co-chair of the Council, said representatives from 100 Hungarian companies participated in the forum.
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FM: Hungary’s GDP will get a boost as big new industrial capacities are completed
"The impact of investment agreements signed in recent years will be apparent in GDP data in the coming quarters, I can assure everybody of that," the foreign minister said.
M-Telekom dividend coming in May
Magyar Telekom will distribute a dividend of almost 91 billion forints to its shareholders for the 2024 financial year. This was decided at the company's annual general meeting on Tuesday.
FM: Chinese companies had brought the most FDI to Hungary in 2020, 2023 and 2024
In the past ten years, the foreign minister said Chinese companies had undertaken 54 big investments with a combined value of HUF 7,000bn, creating more than 30,000 jobs.
Mandatory 10% cap on supermarket profit margins in place
The measure could bring prices of the products down by more than 10 percent.
New Mercedes plant to start series production at the beginning of 2026
The new Mercedes plant in Kecskemét will start series production at the beginning of 2026. This will double the company's production capacity in Hungary.
Successful year for WING Group
Last year, the WING Group, WING Magyarország, Bauwert AG and ECHO Investment together successfully completed property sales worth almost 300 million euros.
Magyar Suzuki reaches milestone with Vitara
In ten years, the Hungarian plant of the Japanese car manufacturer has built one million Suzuki Vitara.
SPAR launches cooperation with Wolt
From the end of March, the SPAR online shopping service will be switching to the Wolt delivery service. In future, customers should receive their online orders within an hour.
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Orbán: BYD to locate EU headquarters in Hungary
Hungary is entering a new era in industrial development with the announcement that Chinese electric vehicle manufacturer BYD will establish its European headquarters in Hungary.
FM: Hungary’s GDP will get a boost as big new industrial capacities are completed
"The impact of investment agreements signed in recent years will be apparent in GDP data in the coming quarters, I can assure everybody of that," the foreign minister said.
Hungarian-Saudi Business Council host forum in Budapest
Péter Kárpáti, the Hungarian co-chair of the Council, said representatives from 100 Hungarian companies participated in the forum.
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New Work Offices Zrt.
Expansive and creative
A Hungarian company worked its way up to the elite of Central European flex office operators in just six years, and now they are entering the Western European market too.
Fidesz: Chain Bridge revamp to cost HUF 5 billion more than previous leadership’s plan
Construction company A-Hid's renovation of Budapest's landmark Chain Bridge will cost 5 billion forints more than it would have done under Budapest's previous leadership, the Fidesz-delegated member in the city's transport centre BKK said on Tuesday.
Tax office receives 300 million electronic invoices
The number of electronic invoices received by the tax office has been increasing exponentially, a finance ministry official has said.
