Wasion to set up HUF 4 billion R+D, production base in Hungary
China's Wasion Holdings Ltd. is building a 4 billion forint (EUR 10.6m) global research and development and smart meter production facility in Godollo, on the outskirts of Budapest, the minister of foreign affairs and trade said on Thursday.
DUIHK survey shows fewer companies plan investments, new hires
The latest survey of business sentiment conducted by the German-Hungarian Chamber of Industry and Commerce (DUIHK) shows fewer companies have plans to invest or expand their payroll as outlooks sour.
HUF 2.9 billion subsidy scheme for automotive industry suppliers to be launched
The government will launch a 2.9 billion forint (EUR 7.7m) subsidy scheme to boost the share of local suppliers to big automotive and battery industry companies in Hungary, state secretary for industrial policy Gergely Fabian said on Wednesday.
Szijjarto decorates Audi Hungaria head
The cooperation between Hungary and German carmaking giant Audi has been extremely successful, and key to Hungary emerging strengthened from recent crises, the minister of foreign affairs and trade said on Tuesday, handing over the Hungarian Order of Merit, Knight's Cross, to Audi Hungaria ...
State to sell back stake in Erste Bank Hungary
The state is selling back a 15 percent stake in Erste Bank Hungary to its Austrian parent company, Erste Bank AG, the economic development ministry said on Friday.
Szijjarto inaugurates Korber investment
Peter Szijjarto, the minister of foreign affairs and trade, on Monday inaugurated an investment of German-owned Korber Hungaria in Pecs, in southern Hungary, and said that bilateral ties between Hungary and Germany would continue to develop "as long as they are rooted in reality".
Szijjarto: Six more companies receive support in plant rescue scheme
Six more companies are receiving total support of 2.5 billion forints to help energy efficiency investments under the arrangements of the government's plant rescue scheme, the minister of foreign affairs and trade said on Monday.
Nagy: Hungary committed to aim of being region’s top destination for Chinese investors
Addressing the sixth China International Import Expo in Shanghai, Economic Development Minister Marton Nagy underlined Hungary's opposition to policies supporting the formation of geopolitical blocs, saying the country strived for connectivity between East and West.
Automaker Stellantis to invest HUF 20 billion in Hungary
Multinational automaker Stellantis will invest 20 billion forints (EUR 52m) into Budapest-based aiMotive, which develops artificial intelligence and autonomous driving software, Levente Magyar, state secretary at the foreign ministry, said on Monday.
Aldi sets up global IT services centre in Debrecen
German discount chain Aldi has set up a global IT services centre in Debrecen, in eastern Hungary, the minister of foreign affairs and trade said on Monday.