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Hungary to Join Global Top Five in Automotive Production with One Million Cars Annually

‘Within a few years, Hungary will be among the five countries in the world capable of manufacturing over one million cars annually,’ Péter Szijjártó stated, announcing a new investment in Zalaegerszeg by US Flex….

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…
Prime Minister Viktor Orbán (C) and Young Hyun Jun (C-R), CEO of Samsung SDI, plant trees at the opening ceremony of Samsung’s factory in Göd, Hungary on 29 May 2017.

Major Investments in Hungary — A Brief Overview

About 5 per cent of the Hungarian GDP is generated by the auto industry, therefore, initially, the EU’s decision to ban the sale of all new combustion-engine cars in 2035 was met with resistance in Hungary. Due to the ban,…
Illustration by Hungarian Conservative

Revealing the Facts: A Brief History of Employment in Hungary

In the second part of our series looking at important facts concerning the Hungarian economy and society, our authors shed light on how the Orbán governments have managed to achieve a spectacular turnaround in terms of employment after 2010….

Car Donations Ease Work of Hungarian Interchurch Aid

Porsche Hungaria Kft. and Mercarius Fleet Management Ltd. donated two vehicles to the Hungarian Interchurch Aid in order to help their work in Vizsoly and its surrounding area….

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