HungaryTrends – The week in business and finance

See below main business and financial news from the previous week:

Update on the Budapest-Warsaw high speed train!

Earlier this year we reported that a high speed railway service is being planned to link Budapest and Warsaw. New updates on the project were released this week.

Viber and Mastercard bring technological revolution into Hungary

The two major companies used worldwide are introducing a payment system for credit cards that works all day and night. This function can soon be used in Hungary as well, even with the Viber app. Read more HERE.

HUNGEXPO LAUNCHES EUR 165.3m UPGRADE

Budapest fairgrounds Hungexpo started a 55 billion forints (EUR 165.3m) upgrade and expansion in the run-up to hosting the 2020 International Eucharistic Congress and the 2021 World Hunting and Nature Expo. Read details HERE+video.

INFINEON TECHNOLOGIES STARTS HUF 32 BN EXPANSION

German semiconductor manufacturer Infineon Technologies laid the cornerstone of a 32 billion forint expansion at its base in Cegléd, central Hungary. Hungary’s government is supporting the investment, which will create 275 jobs, with a 6.4 billion forints grant. Production at the plant will start at the end of 2021.

HUNGARIAN STARTUP SHAPR3D GETS USD 6 M IN FUNDING

Shapr3D, a Hungarian startup that makes a 3D modelling app for the Apple iPad, said it has received 6 million dollars from venture capital firms which earlier invested in such innovative companies as Spotify, Revolut and Zendesk. The new investments bring Shapr3D’s funding to 7.5 million.