News in Brief
Hungary is a "meeting point" for investments from East and West at EXPO REAL
EXPO REAL, with over 2,000 exhibitors from 75 countries, is expected to draw close to 40,000 professionals on October 7-9.
investment
i
News in Brief
FM: Hungary drew record investments of more than 13 billion euros in 2023
The foreign minister said the economy drew 6.5 billion euros in FDI in 2022 and more than 13 billion last year, supported by 2 billion euros in government grants.
News in Brief
FM: More companies eligible for investment subsidies
The foreign minister said significant changes had been introduced to simplify the system of investment support.
News in Brief
Hungary builds economic cooperation with South Korea
In 2022, South Korea was Hungary’s largest investor, while 130 Korean companies ensure the livelihood of 15,000 Hungarian families.
News in Brief
FM: Cutting Europe-China ties would equal Europe’s brutal economic suicide
“It is in Europe’s interest to cooperate with China on the basis of mutual respect and interests,” the foreign minister said.
News in Brief
Rolls-Royce to invest 6.9 billion HUF in R+D project in Hungary
The state is providing support of around 1.7 billion forints for the investment, which will create 20 jobs for engineers.
News in Brief
FM: Hungary’s role is growing stronger in east-west transit routes
The foreign minister said Hungarian family-owned company Transit-Speed invested 3.8 billion forints (EUR 10.3m) to build two new warehouses. The investment was supported by a 1.4 billion government grant.
News in Brief
Government extends SME subsidy program
Under the scheme, the government is compensating SMEs in energy-intensive manufacturing sectors as well as in the commercial accommodations business for up to half of the increase in their energy bills.
News in Brief
Government extends manufacturing subsidies to tourism sector
The Hungarian Tourism Agency noted that it had requested the scheme be extended to the country’s 16,000 catering establishments and 4,500 commercial accommodations.
News in Brief
Finance Minister: Budget is on a stable footing
The finance minister said Hungary's financing needs can be met next year and the budget is on a stable footing.
News in Brief
CATL makes largest investment ever in Hungary
Péter Szijjártó said it's one of the five largest greenfield investments in Europe in the past decade, and the project in Debrecen, in eastern Hungary, will create some 9,000 jobs.
News in Brief
FM: BMW plant in Debrecen will create over 1,000 new jobs
Production of a new, fully electric BMW model will start in 2025, with some 150,000 vehicles turned out every year.
News in Brief
FM: Nokia’s HUF 2.5 billion investment to create 150 jobs in Budapest
Nokia now employs more than 2,000 people at its R&D center in Budapest, which helps keep young talent in Hungary.