News in Brief
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%.
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Hungarian government using all financial resources to prevent job losses
Minister Szijjártó said Hungary’s economic performance returned to pre-pandemic level this summer already, whereas the global economy is projected to reach this level only by the end of next year.
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FM: Hungary is continuously developing its strategic national capabilities
Unless a country has its own capabilities in strategically important areas, it will have to rely on “the goodwill and helpfulness of others”, the foreign minister said.
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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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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.