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Preliminary Sales Agreement for the Szeged BYD Car Plant Signed

László Botka, the mayor of Szeged, called the signing historically significant for both the city and Hungarian economic history. He welcomed the close cooperation between the Szeged local government and the government on the matter, saying that the common goal…

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…

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….

Hungarian Company Hell Energy to Invest Over $200 Million in Azerbaijan

The facility aims to produce 700–800 million aluminium beverage cans annually, with approximately half of them filled, mainly to meet the demands of local and regional third-party brands. Additionally, the company plans to serve its own local and regional markets…
Robots at work at Esztergom's Suzuki plant in Hungary on 19 October 2022.

Magyar Suzuki Reaches Over 2 Billion Euros in Sales

For the seventh consecutive year, the company maintained a leading position in Hungary’s new car sales, achieving a market share of nearly 12.5 per cent with approximately 14,000 registered new cars in 2022. This means that every eighth new car…

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