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László Kövér Hails Deepening Cooperation in Hungarian–Chinese Anniversary Speech

Hungary and China are celebrating the 75th anniversary of the establishment of diplomatic relations between the two countries in 2024. To mark the occasion a reception was held in Budapest, where House Speaker László Kövér stated that the deepening of…

Economy Minister Meets with Leading High-Tech Battery Industry Representatives

On Thursday Minister for National Economy Márton Nagy held a special meeting with representatives from SK ON Hungary and CATL Debrecen, two of the largest and most influential high-tech battery industry companies. The parties reviewed the international situation of the…

Hungary Has Become the Most Attractive Investment Location in Eastern Europe

Hungary is the most attractive investment location in the Eastern Europe and Central Asia region according to Site Selection Magazine’s Global Best To Invest. In recent years, Hungary has experienced a significant surge in investment from Eastern countries, particularly China,…
Prime Minister Viktor Orbán (C) and Young Hyun Jun (C-R), CEO of Samsung SDI, plant trees at the opening ceremony of Samsung’s factory in Göd, Hungary on 29 May 2017.

Major Investments in Hungary — A Brief Overview

About 5 per cent of the Hungarian GDP is generated by the auto industry, therefore, initially, the EU’s decision to ban the sale of all new combustion-engine cars in 2035 was met with resistance in Hungary. Due to the ban,…
Viktor Orbán and his wife Anikó Lévai arrive in Beijing on 15 October 2023.

Orbán in Beijing — The Balance of Chinese–Hungarian Relations

Hungarian-Chinese relations are largely about a medium-sized nation’s struggle to diversify and reduce the risk of having all of its eggs in the German manufacturers’ basket….

Jobbik Calls For Stopping ‘Migrant Ghettos’ in Debrecen

In the Eastern Hungarian city of Debrecen, Jobbik parliamentary group leader László Lukács criticized the Orbán administration for the number of foreign workers being allowed in the country….
Site preparation work being carried out on the site of the future CATL battery factory.

Debrecen Battery Factory Faces Legal Issues

The environmental permit of CATL, which has significant water and energy requirements, was challenged in court by six private individuals and two civil organisations….

Hungary Named Guest of Honour At World Power Battery Conference

In his video message sent to the conference taking place in Yibin, China, Foreign Minister Péter Szijjártó praised the mutually beneficial strategic cooperation between Hungary and China, and called Hungary ‘a meeting point of Western and Eastern investors’….

Heated Debate About Battery Factories Comes to MCC

The expert speakers at the event expressed confidence that the much-talked-about plant will not be a major pollution source in the area, as there are legally mandated limits to harmful material emissions for every industrial facility. These regulations are stricter…

Chinese Investments Contribute to Growth in Hungary

Over the last couple of years, Chinese investments have greatly contributed to economic growth in Hungary, in sectors ranging from cargo transport to battery manufacturing….

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