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Investment

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Audi to Expand Its Tool Factory in Győr

D&T
May 4, 2021

German carmaker Audi is starting a new investment in its tool factory in Győr, NW Hungary. In the framework of the project of more than EUR 10 million, the current production hall will be extended by 3,800 square meters for exclusive series production, and the logistics hall will increase by 2,500 square meters. While retaining […]

Nolato Hungary headquarters

Nolato to Increase its Production and Storage Area

D&T
Feb 13, 2021

With a development cost of EUR 21 million, Nolato Hungary Ltd. that manufactures hygienic and medical products, is to increase its production and storage area in this country by more than 150%. The Hungarian government is to cover about one fifth of the costs of development. While retaining existing jobs, the complex project that also […]

Automation Specialist Balluff Develops in Veszprém

D&T
Feb 11, 2021

Balluff-Elektronika Ltd.. specialising in the production of electronic components is to launch a new research and development project at its site in Veszprém, midwestern Hungary, targeting the major regeneration of sensors and network devices for industrial automation. The investment of almost EUR 5.8 million creates new jobs for 30 highly qualified employees, by which the […]

Thyssenkrupp: Engineering Service Center in Veszprém

D&T
Jan 21, 2021

The German multinational conglomerate Thyssenkrupp launches another electromobility-related development project in Veszprém, W Hungary where the company will establish an engineering service center with an investment of slightly over EUR 6 million. The Hungarian government is to cover 35% of the investment costs of the project that promises to create 80 new engineering positions within […]

Battery Parts Factory To Be Built in Gödöllő

D&T
Dec 22, 2020

Kedali Hungary Ltd. will invest EUR 40 million in a new factory in Gödöllő (just east of Budapest) that will become an aluminum structural component part provider for Samsung SDI. As the Hungarian Investment Promotion Agency reports, the plant's trial run is expected to start in spring next year, while serial production will reach its […]

Powering up Hungary for a Decade of Growth

D&T
Nov 27, 2020

Amid the social and economic pain brought by the global COVID-19 crisis, remembering past strengths and looking beyond the pandemic might be difficult. As they work to mitigate the impact of the pandemic, Hungary’s public and private leaders must set aside time to envision and implement measures that will build on the country’s solid fundamentals […]

Sanofi Increasing Production Capacity in NE Hungary

D&T
Oct 19, 2020

Hungary's second largest healthcare company, Sanofi, is investing about EUR 22 million euros (approx. HUF 7.9 billion) in its Miskolc plant, increasing its production capacity for pre-filled syringes by 50%. The Hungarian government contributes HUF 1.2 billion to wards the investment. Following the investments of the past years, Sanofi is now launching another significant expansion […]

Nestlé to Launch Large Food Development Project

D&T
Oct 11, 2020

An EUR 140 million investment is in focus in Nestlé's production center in Bük (W Hungary), which supplies pet food to over 50 countries around the world. With this development, the factory's capacity will be increased by an additional 30%, at the same time creating 160 new jobs, which will soon make the plant into […]

Lenovo Builds Manufacturing Unit in Hungary

D&T
Sep 30, 2020

The Hong Kong-based electronics company Lenovo will manufacture products for data centers and desktops in its brand new facility in Üllő, south of Budapest, in the framework of an investment worth EUR 24.7 million, creating a total of almost 1,000 new jobs. Lenovo was founded in 1988 in Hong Kong and gained global significance in […]

Solar Panel Park Installed at Food Processing Plant

D&T
Jul 3, 2020

Szarvas-based Gallicoop Turkey Processing Co. Ltd. will be constructing a 1.2 megawatt solar panel park from an investment of HUF 582 million (EUR 1.65 million). HUF 282 million, that is, close to half of the amount invested will be provided from public funds by the Hungarian government. The project will enable the company to save […]

| Dontworry/Wikipedia

Blackrock promotes Budapest opportunities in Frankfurt

D&T
Dec 11, 2017

After London, BlackRock held its career-building and networking event in Frankfurt, Germany. The world's largest financial fund management company prmoted the operation of the Budapest office, available job opportunities and potential career paths.

HübnerH Ltd. facility in Nyíregyháza | source: hubner-group.com

Hübner expands in Nyíregyháza

D&T
Jul 27, 2017

German-owned Hübner Ltd. will expand its vehicle industry production facility in Nyíregyháza, NE Hungary with an investment of HUF 3.4 billion (some EUR 11 million), quarter of which is provided as subsidy by the Hungarian government.

The Swedish Ambassador with the book presented | source: HIPA

Hungarian Investment Guide by the Swedish Embassy

D&T
Dec 13, 2016

The Swedish Ambassador to Hungary, Niclas Trouvé, presented the publication ‘Sweden Hungary Business Guide’ promoting the Hungarian investment environment. The event took place on Lucia’s Day, which is considered the brightest Swedish holiday.

| Dávid Harangozó

Grand Tour of Switzerland in Hungary

D&T
May 18, 2016

In the 60th anniversary year of the 1956 Hungarian revolution, the Swiss Embassy in Budapest has announced the 'Grand Tour of Switzerland in Hungary', presenting towns, cities or regions in Hungary with historical, cultural or economic ties to Switzerland.

HIPA evaluates 2015 | hipa.hu

HIPA considers 2015 as a record year

D&T
Feb 12, 2016

The Hungarian Investment Promotion Agency (HIPA) says it successfully negotiated 67 investment projects last year, an increase of 12% compared to the previous year. 14 projects were started by German firms and 11 projects by US companies.

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