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Hungary Sets Investment Record with Over €13 Billion in Investment Inflows in 2023

Péter Szijjártó pointed out that Hungary managed to achieve great results despite the fact that the global economy underwent significant crises last year, as indicated by global data. The amount of investments made worldwide decreased by 12.5 per cent from…

A Final Agreement Approaches as Budapest Airport Reacquisition Nears Completion

Back in May, Prime Minister Viktor Orbán mentioned at the Qatari Economic Forum that there is interest from Qatar towards Budapest Airport, and ‘we would welcome them.’ Now, it appears that the Qatar Investment Authority is joining the deal as…

Volánbusz Prioritizes Passenger Health with Hungarian-Developed Hygienic Coating

The proprietary coating by Resysten, which is invisible, colourless, and odourless, provides protection between cleaning intervals, ensuring the well-being of passengers and the company’s employees even during busy festive periods….

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’….
Minister Szijjártó and his delegation sitting facing Eike Dorff, head of ZF Chassis Systems & Modules Eike Dorff and his colleagues.

German Supplier ZF Creates 300 Jobs with HUF 24 Billion Investment in Hungary

According to a statement from the ministry, Péter Szijjártó stressed that the German-owned ZF Chassis Modules Hungary Ltd will manufacture shock absorbers, as well as front and rear axles for electric cars produced from 2025 at the BMW plant in…

Coca-Cola’s Multi-Billion Forint Investment Fuels Hungary’s Economic Momentum

At the inauguration ceremony of the new unit at the Dunaharaszti plant of Coca-Cola HBC Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó highlighted that US companies now constitute the second largest community of investors in Hungary….

Hungary Breaks Records in Investments and Exports in 2023

This year, Hungary is set to break both investment and export records, with incoming foreign direct investment doubling from the previous year to €13 billion and Hungarian exports increasing from €142 billion in 2022 to €150 billion….
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….

Empowering Education: 140,000 Laptops Provided for Students Across Hungary

Alongside the distribution of laptops that started last year, more than 4,000 locations have been equipped with wireless internet access, and with a budget of 10 billion forints, the electrical networks of the relevant institutions have been renovated….
People visit the China stand during the 6th China International Import Expo (CIIE) in Shanghai on 5 November 2023.

Hungary Committed to Becoming Region’s Top Destination for Chinese Investors, Minister States in Shanghai

On the margins of the sixth China International Import Expo, Economic Development Minister Márton Nagy held talks with the leaders of the Industrial and Commercial Bank of China (ICBC), the world’s largest commercial lender, emphasizing Hungary’s aim of becoming a…

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