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Chinese Electric Car Manufacturer BYD to Open Massive Plant in Szeged

BYD, the world’s leading electric vehicle manufacturer based in Shenzhen, China is opening a new factory in the southern Hungarian city of Szeged. Foreign Minister Péter Szijjártó has called it ‘one of the biggest investment projects in Hungary’s history’….

Large-Scale Expansion Investment to Create 280 New Jobs in Hungary

Nestlé Hungária Kft.’s recent capacity expansion investment in Bük is set to create 280 new job opportunities, marking yet another milestone in Hungary’s impressive year of record-breaking investments, exports, and employment, Minister of Foreign Affairs and Trade Péter Szijjártó made…

Prestigious Motor Racing Events May Be Held in Hungary Again

As reported on motogp.com, under the previously signed and now updated agreement, Dorna and HUMDA aim to have the Balaton Park Circuit included as a venue in the 2024 Superbike World Championship calendar, where it would serve as a reserve…

Hungary Strengthens Its Economy with Defence Industry Investments

‘Big companies are coming to Hungary with R&D budgets that are significant in themselves. Rheinmetall, for one, is the twenty-fourth largest company in the world’, Hungarian Ministerial Commissioner Imre Porkoláb underlined in a recent interview….

High-Tech Industries Serve as the Backbone of Hungarian Economics

Márton Nagy described Hungary’s achievements in technology and knowledge transfer as remarkable. According to the Global Innovation Index, Hungary ranks 7th in terms of the utilisation of knowledge in the local economy….

The Future of Racing in Hungary: The Balaton Park Circuit Unveiled

The brand new modern racetrack at Lake Balaton is ready to host any motorsport event except for Formula 1 and MotoGP races….

Szijjártó: Systemic Corruption in Hungary Would Keep Investors Away  

In his interview with Richard Quest, Péter Szijjártó asked the rhetorical question: ‘Do you think all this would be possible if there were systemic corruption? Because if there is systemic corruption, there is no growth, investors do not come, and…

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