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.
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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.
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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.
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KSH: Investment volume in Hungary rose by an annual 8.7% in Q1
The unexpectedly strong GDP growth in the first quarter may have been partly due to the outstanding growth in investment.
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FM: Government will protect its utility cut scheme, pensions, and full employment
The Hungarian government will protect the achievements of its utility cut scheme, pensions, and full employment in the face of the economic challenges brought about by the war in Ukraine.
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FM: HTEC to invest HUF 4.7 billion in IT centers in Hungary
Péter Szijjártó said HTEC will set up the IT centers in the capital, Debrecen, Szeged and Pécs, creating over 600 jobs.
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TDK investment in Hungary to create 250 jobs
Japanese electronic car-parts manufacturer TDK is investing HUF 26 billion (EUR 70.0m) in setting up a plant manufacturing sensors to electric cars in Szombathely, in western Hungary.
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Foreign Minister inaugurates HUF 450 million industrial park in Csurgó
Minister Szijjártó said the 8.5-hectare park, set up with European Union funding, will draw “significant investments” that could create “several hundred jobs” in future.
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Bosch to strengthen R+D and production activities in Hungary
The company employs about 3,000 people in Budapest working on future automotive industry technologies, including several hundred engineers tasked with electromobility developments.
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FM: Baolong to build HUF 5 billion plant in Szigetszentmiklós
Péter Szijjártó, Minister of Foreign Affairs and Trade, said the government is supporting the greenfield investment, which will create 35 new jobs, with a HUF 1.5 billion grant.
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Novation Tech investing HUF 1.3 billion at base in Szeghalom
The foreign minister said the government is supporting the investment, which will create at least 50 jobs, with a HUF 450 million grant.
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FM: Hungarian economy is supported by multiple pillars
The foreign minister said Hungary’s economic diversity has helped it overcome the global economic crisis.
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Hungary-Russia trade increased by 51% last year
Since the introduction of European Union restrictions in 2015, trade between EU member states and Russia increased by 16%.