industrial

12/01/2017

Automotive sector output down by 2.5 pc in November

Budapest, January 12 (MTI) – Output of Hungary’s automotive sector, a key driver of industry in the country, fell by 2.5 percent in November from the […]
10/01/2017

A Hungarian company joined the robot industry

The Hungarian Robot-X made an agreement on cooperation with the Danish Universal Robots recently, writes hvg.hu referring to MTI. The collaborative robot manufacturing company Universal Robots […]
11/12/2016

Wages at Daimler plant in Hungary to rise 20 pc

Budapest (MTI) – Wages at German carmaker Daimler’s plant in Hungary will rise 20 percent in the next two years, daily Magyar IdÅ‘k said on Saturday. […]
09/12/2016

Le Bélier to invest EUR 32m in Hungary

Budapest, December 9 (MTI) – French automotive industry supplier Le Bélier will invest up to 10 billion forints (EUR 32m) in three of its plants in […]
28/10/2016

Egis to build HUF 5.5 bn plant in Körmend with EU funding

  Budapest, October 28 (MTI) – Hungarian drugmaker Egis Gyógyszergyár will develop new pharmaceuticals and build an innovative production plant in Körmend, in western Hungary, at […]
28/10/2016

Economic weight of industry in Hungary among highest in EU

Budapest (MTI) – Industry accounted for 27.8 percent of gross value added (GVA) in Hungary last year, among the highest rates in the European Union, data […]
24/10/2016

Hungary Trends – Business and financial news from the previous week

Budapest (MTI) – See below MTI’s main business and financial news from the previous week: GOVT FLESHES OUT PLAN FOR PAY RISE-LINKED PAYROLL TAX REDUCTIONS A […]
22/10/2016

Economy minister: Hungary has become a major motor vehicle manufacturing hub in Europe

Motor vehicle manufacturing is playing a key role within the Hungarian economy, and thanks to the performance of the more than 700 enterprises active in the […]
11/10/2016

Ubiquity Global Services to open service centre in Budapest

Budapest, October 11 (MTI) – US-based multinational company Ubiquity Global Services will open a service centre in Budapest in February, creating 200 new jobs, the foreign […]
22/09/2016

Coface lists sixty-nine Hungarian companies among CEE Top 500

The Coface credit insurer has published its latest study about the 500 largest Central and Eastern European (CEE) companies and revealed that they considerably increased their […]
19/09/2016

Prime Minister Viktor Orbán holds talks with the CEO of Magyar Suzuki

Head of the Prime Minister’s Press Office Bertalan Havasi informed kormany.hu that “On Monday morning Prime Minister Viktor Orbán received the new Managing Director of Magyar […]
09/09/2016

Dana Group to launch EUR 48.7m investment project in Győr

Budapest, September 8 (MTI) – The US based Dana Group will embark on an investment project worth 15 billion forints (EUR 48.7m) in GyÅ‘r, in western […]
08/09/2016

Hungarian economy minister meets heads of Daimler Buses, Mercedes-Benz Hungaria

Budapest, September 8 (MTI) – Economy Minister Mihály Varga reviewed planned investments in Hungary with the heads of Daimler Buses and Mercedes-Benz Hungaria on Thursday, the […]
07/09/2016

BKK: M3 substitute service tender doesn’t exclude Hungarian buses

Budapest, September 7 (MTI) – Budapest transport authority BKK has said a tender for a substitute bus service along the M3 metro line does not exclude […]
06/09/2016

Hungarian bus procurement committee approves funding for purchase of 436 new buses

Budapest, September 5 (MTI) – Hungary’s National Bus Procurement Committee, a body established to coordinate purchases by public transport companies with the aim of supporting local […]
02/09/2016

German auto industry has continued trust in Hungary, says foreign minister in Berlin

Berlin (MTI) – German carmakers have continued trust in Hungary, built on their positive experiences in the country, the Hungarian foreign minister said in Berlin after […]
02/09/2016

Hungarian business delegation explores opportunities in Singapore’s health industry

Budapest (MTI) – A delegation of Hungarian businesspeople visited Singapore between Aug. 28 and Sept. 1 to explore possible partnerships in health care, medical technologies and […]
30/08/2016

Samsung to invest EUR 322m in battery plant near Budapest

Budapest, August 30 (MTI) – South Korea’s Samsung will invest 100 billion forints (EUR 322m) in a plant in Göd, north of Budapest, to produce batteries […]
30/08/2016

Local assembly rejects referendum on tyre recycling plant after company scraps project

Budapest, August 29 (MTI) – The city assembly of Kaposvár, in southwest Hungary, on Monday rejected an initiative to hold a referendum on plans to build […]
17/08/2016

Evobus to deliver frames for ITK buses

Budapest, August 17 (MTI) – The Hungarian unit of EvoBus, the busmaking business of Germany’s Daimler, will deliver frames to Hungarian-owned ITK Holding for a low-floor […]