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László Kövér Strengthens Relations with South Korea

On the first day of his trip to Seoul, László Kövér emphasised that in 2020, 130 Korean companies employed 15,206 people in Hungary, and the Hungarian government has several strategic agreements with Korean companies….

Szijjártó Underlines Extremely Strict Environmental Regulations for Battery Factories

Péter Szijjártó emphasised that except for Germany and China, Hungary is the only country where all three German luxury car brands have factories, and three of the world’s top ten electric battery manufacturers are already present in Hungary….

Novartis to set up Regional Research and Development Base in Budapest

Péter Szijjártó welcomed Novartis’ announcement that the Swiss pharmaceutical company is establishing a new regional research and development centre in Budapest, from where it will coordinate its research projects in Southern Europe and Africa….

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…

Budapest’s Longest Metro Line to Become Fully Operational Soon

After a five-and-a-half- year renovation, metro line M3 is to become fully operational on 22 May, Budapest Mayor Gergely Karácsony announced on social media….

Hungarian Airline Invests Billions in Sustainable Aviation Fuel

Wizz Air announced a partnership with Firefly Green Fuels. Firefly produces sustainable aviation fuel from sewage sludge. The aim of the partnership is to further decrease the carbon footprint of the aviation company….

Hungary at the Forefront of the Green Transition

‘If in the coming years, the world cannot transition to electric-based transportation, then all environmental goals, climate goals, and green objectives will remain naïve illusions,’ Péter Szijjártó explained at the groundbreaking ceremony of the new factory of the South Korean…

Government Backs Developments at the Hungaroring

The government supports the planned development works of Hungaroring in Mogyoród, and according to preliminary plans, the 2026 Hungarian Grand Prix will be held in the completely renovated facility….

Szijjártó: Hungarian Automotive Industry is an Economic Life Insurance

Péter Szijjártó pointed out that Hungary is already the world’s fourth-largest producer of electric batteries and that in the last thirteen months, batteries have been the country’s top export product….

Environmental Harm Versus Economic Growth? — The Politicising of Battery Manufacturing in Hungary

Hungary’s green party, LMP vocally objects to the planned investments on environmental grounds. First, it started organising a local referendum in Debrecen on the matter. Although the party did get a green light to collect signatures for the plebiscite, it…

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