News in Brief
Spain continues its investment in Hungary
The foreign minister said that around 200 Spanish companies employ some 50,000 people in Hungary, and continue to invest in the country.
Automotive Industry
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News in Brief
FM: Hungary leader in ongoing transformation of automotive industry
“We clearly established that the changes in the car industry will have the greatest impact on the future development of the European economy and that Hungary is among the global...
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China to invest 3 billion euros in Hungary's automotive industry
Minister Szijjártó said the projects will further strengthen Hungary’s position as a top investment destination in central Europe.
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FM: Hungary has become a crucial player in Europe’s auto industry
The foreign minister said that Hungary also happens to be competing for electric battery plants with countries that most strongly attack Chinese investments in their political communication.
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Foreign Minister underlines need to maintain pragmatic relations between EU and China
The foreign minister said Europe has a fundamental interest in maintaining pragmatic and mutually beneficial economic cooperation with China.
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KSH: Hungarian industrial output increased by an annual 2% in December
According to official figures, the output of the automotive industry grew by an annual 34.5%, albeit from a low base, and up from 23.7% in the previous month.
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FM: Hungary is a meeting point for Eastern and Western economies
The foreign minister identified the electric vehicle industry as the true meeting point of the East and the West, adding that the major Western car manufacturers would soon shift their focus to electric vehicles.
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Audi expands operations in Hungary
Audi Hungária is expanding its tools plant in Győr, in north-west Hungary, investing HUF 3.8 billion (EUR 10.5m).
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Consumer confidence is on the rise as the automotive sector accelerates
Consumer confidence has edged up since the onset of the pandemic and the automotive industry has increased output in recent months.
Speeches and Remarks
Press statement by Prime Minister Viktor Orbán after talks with Chairman of the Board of Management of Audi Hungária
15 June 2020, Győr
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FM: Automotive industry is the backbone of Hungarian economy
Japanese battery manufacturer GS Yuasa has built a battery assembly plant in the Miskolc industrial park with an investment of HUF 9 billion (EUR 26.8 million), to which the Hungarian government contributed a HUF 465.3 million non-refundable grant.
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Austrian automotive firm AVL to open new R&D center in Hungary
The foreign minister said the investment will create 350 jobs, including 250 for engineers
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Ford opens new service center in Budapest
Ford will employ 700 people in Hungary, mostly young professionals with university degrees who speak several languages