• Coronavirus in Hungary
  • coronavirus
  • Budapest
  • Covid immunity certificate in Hungary
  • Covid immunity certificate/vaccine passport
  • Hungary border control
  • HelloMagyar
Hungary’s automotive industry output up 7 pc in H1Hungary’s automotive industry output up 7 pc in H1Hungary’s automotive industry output up 7 pc in H1Hungary’s automotive industry output up 7 pc in H1
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Support us
Alexandra Béni Alexandra Béni · 08/09/2018
· Business

Hungary’s automotive industry output up 7 pc in H1

car industrial investment transport
qualitative production

Gyõr, 2018. szeptember 7. A Qualitative Production (QP) Gépipari és Kereskedelmi Zrt. új gyõri gyártóüzeme az avatás napján, 2018. szeptember 7-én. A hatezer négyzetméteres üzemet a magyar családi tulajdonban lévõ, hengerfejeket és motorblokkokat gyártó vállalkozás 6,2 milliárd forintból építette, 1,5 milliárd forintos kormánytámogatással. MTI Fotó: Koszticsák Szilárd

In the first half on 2018, the output of the Hungarian car manufacturing industry grew by 7 percent compared to the same period last year, Foreign Minister Péter Szijjártó said in Győr, in northwestern Hungary, on Friday at the inauguration of the Qualitative Production (QP) company’s 6,000 sqm production hall.

The Hungarian government supported the 6.2 billion forint (EUR 19m) investment project with a 1.5 billion grant.

Szijjártó said the sector accounts for 29.3 percent of the manufacturing industry output and employs over 167,000 workers.

He mentioned Audi, BMW, Mercedes and Peugeot as industry leaders seeing Hungary as a “country worth investing in”. Their giant investment projects also benefit Hungarian SMEs, he said.

QP is a Hungarian family enterprise manufacturing engines and cylinders.

The latest investment has doubled its production capacity and created 120 jobs.

Featured image: MTI

Source: MTI

car industrial investment transport
Share
Alexandra Béni
Alexandra Béni

Related posts

Hungary debt money economy
15/05/2022

Hungary to be buried in state debt?


Read more
Construction Hungary
14/05/2022

Here is how the construction and industry sectors perform in Hungary


Read more
Controlsoft Transylvania Szeklerland investment Hungary money
14/05/2022

This is how the government helps Hungarian companies’ expansion abroad


Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US
Latest news
  • Ebola-related virus discovered in bats in Hungary!
  • Oil embargo: Brussels to compensate Hungary for its losses?
  • Here is how the government supports families
  • Inflation: opp party wants wage compensation, payrise programme in public sector

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

About us

Contact us

© 2022 DailyNewsHungary. All rights reserved!
Posting....