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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
News in Brief
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.