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Chinese BYD Plant to Start Production by Second Half of 2025

According to press reports, BYD Auto Hungary has been registered with a capital of approximately HUF 192 billion, which is twice the annual budget of the city of Szeged, where the Chinese auto giant’s new plant is scheduled to begin…

Harmony and Couture: Exploring the World of Divas at the Hungarian House of Music

This grand exhibition, housed initially at the world’s largest museum of art and design, the Victoria and Albert Museum in London, will conclude its run in its original venue in April 2024 before embarking on a travelling showcase, debuting first…
The building of the Mercedes plant in Kecskemét.

Government Launches Automotive Supplier Development Programme

On the basis of the ten-point proposal developed by the Ministry of Economic Development, the Hungarian government is launching a 2.9 billion forint Automotive Supplier Development Programme to enhance the role of Hungarian businesses as suppliers of multinationals in Hungary….

Hungary and Turkey Strengthen Defence Ties for Regional Stability

Turkey is an extremely important regional player in terms of security policy, and its voice is indispensable in international conflicts that risk the security of all of us, the Hungarian defence minister said after meeting his Turkish counterpart in Budapest….

Improving Energy Efficiency and Reducing Water Usage in the IT Industry Emphasized by Former Hungarian President

In his presentation titled ‘Digitalization in Service of Sustainable Development,’ Áder pointed out that the National Digitalization Strategy set the goal for the widespread adoption of technologies and the expansion of capabilities by the government. According to the strategy, by…
Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó visits BMW's new training centre in Debrecen on 30 October 2023.

Szijjártó: Hungary Oasis for East-West Economic Cooperation

Speaking at a ceremony opening a BMW training centre where the first hundred students started their three-year training in September, Szijjártó said the fact that the company had chosen to establish an exclusively electric production platform in Hungary showed great…

BMW Exhibits its Newest High-Tech Concept Car in Debrecen

The BMW i Vision Dee will be on display for three days in front of the Modem Modern and Contemporary Art Centre, as announced during a press conference at the venue on Thursday….

Hungary Deepens Strategic Cooperation with Huawei to Boost Digital Transformation

On the margins of the Hungarian PM’s visit to Huawei’s headquarters in Shenzhen, Minister of Economic Development Márton Nagy and Gao Weijie, the CEO of Huawei Technologies Hungary and the Western Balkans Region signed a memorandum of understanding, further deepening…

Privatization of MÁV Vagon: A Major Transformation in Hungary’s Railway Vehicle Industry

Magyar Vagon Ltd. is affiliated with the President and CEO of MOL, Zsolt Hernáda, who, as of the 2023 edition of the list, is the seventh most influential individual in Hungary….

52 Billion Forints of British Investment to Create 1,500 New Jobs in Hungary

During the inauguration of the British-owned GKN Automotive Hungary Ltd. factory, the minister highlighted that the company, specializing in manufacturing automotive components, will serve BMW, Mercedes-Benz, Suzuki, and Volkswagen through the newly built facility within the framework of the approximately…

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