News in Brief
General Electric to invest HUF 10 billion in Hungary
The foreign minister noted that US companies have undertaken 22 investments worth HUF 42 billion in the past year and a half.
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News in Brief
KSH: Investment volume in Hungary rose by 10.8 percent in Q2
Finance Minister Mihály Varga said investments were at a record high in Q2, with a 10.8 percent growth from the same period a year earlier.
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Philip Morris e-cigarette recycling center creates new jobs in Gyál
State Secretary Tamás Menczer said the investment created 100 jobs. Philip Morris’s revenue in Hungary was over HUF 230 billion last year.
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Foreign Minister inaugurates Kométa’s processing plant in Kaposvár
The food company has secured 870 jobs while reducing its environmental footprint.
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Finance Minister: Economic growth will be based on keeping the investment rate high
In European comparison, during the first three quarters of 2020 Hungary was at second place in terms of national economy investment and at first place in terms of state investment.
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Government's Falco investment helps retain 300 jobs
The foreign minister said the Hungarian government had managed to save huge numbers of jobs despite global problems, through its economic strategy providing incentives for investments.
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Hungarian government extends corporate investment support scheme
Finance Minister Mihály Varga said the government’s goal is to make 2021 a year of economic growth for Hungary.
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FM: Government has supported 1,434 investments since start of pandemic
The foreign minister has revealed that since the start of the coronavirus pandemic, the government has supported 1,434 investments at the total value of HUF 1,676 billion (EUR 4.7bn).
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FDI in Hungary amounted to HUF 1,676 billion in 2020
The foreign minister has confirmed that foreign direct investments in Hungary amounted to an unprecedented HUF 1,676 billion (EUR 4.7bn) during the pandemic last year.
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Hungary will repave about 1,000km of roads in 2021
József Szilvai, the CEO of state road maintenance company Magyar Közút Nonprofit, said 2021 would be a “record year” in terms of the number and scale of projects.
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NBH governor: Investment growth, job creation and cheap credit are necessary for Hungary’s economic recovery
NBH governor has said investment growth, job creation and cheap credit will be necessary for Hungary’s economic recovery from the coronavirus crisis.
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Investments by Swedish multinationals save 7,500 jobs in Hungary
Péter Szijjártó, Minister of Foreign Affairs and Trade, said the government is supporting the investments with grants worth a total of HUF 1.8 billion.
News in Brief
Huawei to set up research and development center in Budapest
Péter Szijjártó, Minister of Foreign Affairs and Trade, said the investment, which will create jobs for at least 100 Hungarian engineers, is Huawei’s third in Hungary.