BMW Group continues to expand its manufacturing network in Europe, with the aim of establishing a new plant in Hungary, near Debrecen. The value of the new investment will exceed EUR 1 billion, and the capacity will be up to 150,000 vehicles per year.

Hungaroring, the site of the Formula One Hungarian Grand Prix car race is to be completely transformed after next year's event. According to the CEO of Hungaroring, it will be difficult to destroy and rebuild the place within ten months.

Qatar Airways has been named ‘World’s Best Business Class’ for third consecutive year by the 2018 Skytrax World Airline Awards. The airline also won the Best Airline audience award in 2018, based on the readers' reviews of Business Traveler Hungary.

Mrs Pascale Andreani, Ambassador-designate of France to Hungary, has just taken up office in Budapest, according to a press release by the French Embassy in Budapest. Her appointment was approved by the Hungarian authorities on May 18.

The German multinational engineering and electronics company Bosch expands its Budapest Engineering Center with an EUR 120 million investment. In the new building complex , Hungarian engineers will develop Bosch's self-driving systems.

Taiwan-based Giant Group is going to establish its second European manufacturing and logistics unit in Gyöngyös, east of Budapest. Worth almost EUR 48 million, the investment, which is to be realized in three phases, shall occupy 228,000 square meters.

The Business Council for Sustainable Development in Hungary has announced the ‘For a Sustainable Future’ prize in 2018, with the purpose of recognizing the achievements of leaders and companies on advancing Sustainable Development Goals.

The European Space Agency (ESA) in cooperation with the Hungarian Academy of Sciences (MTA) has opened a business incubation center in Budapest. It is to fund startups using space technology solutions in products and services developed for everyday life.