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How Can Startups Succeed in International Markets? — Experts Share Their Insights at MCC Feszt 2024

In the process of international expansion, many fundamentally successful businesses and start-ups falter. What is the reason and how can companies successfully break into foreign markets? These were the questions addressed in a vibrant panel discussion on the second day…

Hungary Set to Become Self-Sufficient in 30mm Ammunition with New Várpalota Factory

The munitions manufacturing facility at the Várpalota Defence Industrial Complex, operated in partnership with German Rheinmetall, will contribute to reducing Hungarian dependence on supply chains, Minister Szalay-Bobrovniczky stated at the inauguration ceremony on Monday….
One of the twin tunnels along the M85 expressway in north-western Hungary on 17 July 2024.

Hungary’s First Purely State-Funded Expressway Tunnel Completed

The Minister highlighted that this is the first expressway tunnel in Hungary to be realized purely through state investment. Following the trial operation of the Bécsi Hill tunnel, part of one of the largest domestic road construction projects of the…

€15 Million BMW Software Development Tender Won by Hungarian Firm

The Gloster Group announced on Wednesday that it won BMW’s €15 million industrial software development contract through a multi-round international tender….

Veszprém Zoo Unveils New Big Cat Enclosure

The Veszprém Zoo is characterized by conscious and continuous development, expanding year by year. The new big cat enclosure was realized with funds from the government’s Modern Cities Programme….

Hungarian Government Supports Siemens Energy’s HUF 26 Billion Investment

The value of the three-part investment is HUF 26 billion, with the government providing approximately HUF 900 million in support, Minister of Foreign Affairs and Trade Péter Szijjártó announced on 23 May. The minister highlighted at the inauguration ceremony of…

PM Orbán Calls for Unity to Keep Hungary Out of War

Prime Minister Viktor Orbán stated that Hungary needs economic relations, not ideological ones, with both East and West in terms of future high technologies….

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,…

Schaeffler Savaria Ltd Expands Szombathely Site with Major Investment

Schaeffler Savaria Ltd, a manufacturer of automotive components, has expanded its site in Szombathely with a logistics hall covering an area of ​​6,200 square metres and an office building of 2,200 square metres. The new facility includes meeting rooms, changing…

Hungary May Emerge as Key Player in Space Industry, National Economy Minister Underlines

Márton Nagy stated that Hungary’s satellite manufacturing capability is not only an economic and security matter but also a question of sovereignty. He noted that the sector has a bright future ahead as the space industry is one of the…

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