industrial

19/04/2016

Otto Fuchs to double production with EUR 41.3m investment

Budapest, April 19 (MTI) – German automotive supplier Otto Fuchs will double production capacity at its plant in Tatabánya (NW Hungary) with a 12.8 billion forint […]
14/04/2016

Schaeffler group to invest EUR 80m in Debrecen

Budapest, April 14 (MTI) – FAG, an affiliate of the German Schaeffler group, will implement an over 25 billion forint (EUR 80m) investment project in Debrecen, […]
12/04/2016

The American General Electric startup relies mostly on Hungarian employees

Budapest (MTI) – General Electric’s startup dubbed Current focuses on LED production and related energy-efficiency developments and relies mostly on Hungarian employees, CEO for Europe and […]
07/04/2016

There’s great potential in the Moroccan craft industry for Hungarians

The Moroccan craft industry provides great opportunities for Hungarian companies to sell and manufacture handcraft, pottery, and ceramic products, and also to export the necessary materials. The […]
06/04/2016

US auto supplier announces EUR 49.7m investment in Hungary

Budapest, April 6 (MTI) – Autos industry company BorgWarner is investing 15.5 billion forints (EUR 49.7m) in its Oroszlány plant in north-western Hungary, creating 600 new […]
25/03/2016

A successful Hungarian company to build factories in Russia

The governorate of the Russian county Kaluga Oblast has made a long term investment deal with Sanatmetal’s Russian subsidiary, which is owned in 51% by the […]
24/03/2016

Samsung plans to install battery factory in former Hungary plant

Budapest, March 24 (MTI) – South Korea’s Samsung plans to install a battery factory at its former cathode ray tube plant in Göd, near Budapest, daily […]
23/03/2016

Workers of Audi in Győr are planning a strike

Demands for pay rise, communicated by the Audi Hungária Független Szakszervezet (Hungarian Independent Trade Union of Audi) were rejected, says index.hu. The company did not approve […]
22/03/2016

Daimler’s Mercedes to invest a further EUR 250m in Hungary base

Budapest, March 22 (MTI) – German carmaker Daimler’s Mercedes will invest a further 250 million euros at its base in Kecskemét, in central Hungary, by 2018. […]
21/03/2016

Hungarian-Chinese economic mixed committee – Foreign minsiter: Hungary flagship in China-Central Europe cooperation

Budapest, March 21 (MTI) – Hungary continues to have a flagship role in cooperation between China and central Europe, Foreign Minister Péter Szijjártó said on Monday […]
16/03/2016

Construction sector output plunges on base effect, close of EU funding cycle

Budapest, March 16 (MTI) – Hungary’s construction sector output fell by an annual 20.1 percent in January, the steepest decline in years, data released by the […]
27/02/2016

German automotive industry EUR 32m investments in Kecskemét

Berlin (MTI) – Two German car part manufacturers will implement investments with a combined value of 10 billion forints (EUR 32m) in Kecskemét, in central Hungary, […]
17/02/2016

Economy minister: Hungary looking to create conditions for weapons manufacture

Budapest, February 16 (MTI) – The government is putting together and inter-ministerial committee to create the conditions for Hungary to enter the arms industry, Economy Minister […]
10/02/2016

Szijjártó: Bosch to invest EUR 61m in Hatvan plant

Budapest, February 10 (MTI) – The Bosch group is planning to carry out a 19 billion forint (EUR 61m) investment project in its Hatvan plant, north-east […]
05/02/2016

Hungary industrial output up 9.4 pc in December, up 7.5 pc in 2015

Budapest, February 5 (MTI) – Hungary’s industrial output rose by 9.4 percent year-on-year in December 2015, only slightly slower than an upward revised 9.6 percent in […]
04/02/2016

Would you like to do business in Hungary? These are the most risky businesses

According to turizmusonline.hu, the number of liquidations dropped by nearly half in 2015 compared to 2014, and it resulted in the significant decline of the defaulting […]
02/02/2016

Automotive, food industry exports support Nov trade surplus

Budapest, February 2 (MTI) – Hungary’s automotive and food industries continued to support the country’s trade surplus in November, a second reading of data published by […]
20/01/2016

Audi to move production of Q3 model to Hungary

Budapest, January 20 (MTI) – German carmaker Audi will move the production of its Q3 compact crossover vehicle from Spain to its plant in Gyor in […]
15/01/2016

Lego plant expansion to boost headcount by 1,600

Budapest, January 15 (MTI) – Danish toymaker Lego’s 30 billion forint (EUR 95.3m) investment will boost the headcount of its Nyiregyhaza factory in eastern Hungary by […]
13/01/2016

Audi Hungaria production up at Gyor plant in 2015

Budapest, January 13 (MTI) – Audi Hungaria Motor again set records in production at its plant in Gyor, in north-western Hungary, in 2015, the company said […]