Mercedes-Benz is launching a research and development (R&D) project in Kecskemét, marking the first time the premium German car manufacturer has chosen Hungary for one of its highest value-added investments. The EUR 54.4 million project - about a quarter of which is covered by Hungarian taxpayers through a government decision to provide state support - […]
Pharmacenter Hungary has developed two oncology drugs in a HUF 535 million project, supported by a HUF 298m grant from the National Research, Development and Innovation Fund, the company said in a statement. The project started in October 2021 and was completed in September 2025. One of the resulting products is used in the therapy […]
German rail technology giant Siemens Mobility is expanding its research and development (R&D) center in Budapest through a series of international innovation projects, the Hungarian Investment Promotion Agency reports. The EUR 14.7 million investment further integrates the Hungarian R&D center into Siemens Mobility’s global innovation network and contributes to next-generation rail automation solutions. Supported by […]
Danish pump manufacturer giant Grundfos successfully complemented its latest research and development (R&D) project in Hungary, aimed at improving the efficiency of entire product families, the Hungarian Investment Promotion Agency (HIPA) reports. Implemented with the support of HIPA, the EUR 3.47 million investment created 40 new high value-added jobs at the company’s product development center […]
The University of Szeged (SZTE), located in SE Hungarian city of Szeged, signed a cooperation agreement with ContiTech Fluid Automotive Hungária Ltd. and ContiTech Rubber Industrial Ltd. this Monday. The aim of the cooperation is for the participants to mutually assist each other in their innovation and education activities, as well as to launch joint […]
Following the establishment of its Hungarian subsidiary in 2021, Tulip Interfaces is expanding its Budapest hub with a new R&D project, the Hungarian Investment Promotion Agency (HIPA) reports. The American manufacturing technology company’s local team will grow by 26 engineers as a result of the investment, whose task will be to support the development of […]
Hungary and China may establish a research, development, testing and certification center for smart, new energy vehicles and their energy storage systems in Zalaegerszeg, ZalaZONE Vehicle Testing Track announced to MTI on Wednesday. According to a letter of intent, a joint investment by the China-U.S. Green Fund, Zhongzhi Zhitong Testing Technology Co. Ltd., and the […]
According to a statement from the Hungarian Ministry of Foreign Affairs and Trade, the South Korean company's investment of approximately HUF 22.5 billion is aimed at improving battery manufacturing processes. Hungarian taxpayers contributed HUF 5.5 billion to the project, helping to create a number of high value-added jobs requiring serious engineering skills. According to the […]
A leading supplier of electric drivetrains, Schaeffler has announced to launch a major R&D project in value of HUF 5.2 billion at its Szombathely site. The development that also creates 94 new jobs will help the German company solidify its market position. Schaeffler Group has been a pioneer of a series of inventions in the […]
Ericsson Hungary Ltd. has developed a new 5G-based location service, the development has received more than HUF 497 million in funding from the National Research, Development and Innovation Fund (NFKI), the company told MTI. According to the information, the project aimed to develop new location services related to 5G and the Internet of Things (IoT). […]
Genesys, one of the world's leading artificial intelligence-based global cloud service providers, has opened a new research and development (R&D) center in Budapest, on a 3,000 square meter site in Eiffel Square, it was announced at a press conference on Thursday. The opening of the new R&D center in Budapest demonstrates Genesys' commitment to the […]
Not less than three new large-scale R&D projects have been announced by Continental to further strengthen its Hungarian operation. The investments worth EUR 47.6 million promises to create 280 new jobs in total thru 2024, and they are aimed at developing solutions in the realm of autonomous driving and automotive safety. Continental Group is present […]
Robert Bosch Energy and Body Systems Ltd., which is 20 years old this year, will implement two investments worth a total of EUR 48 million at its Miskolc site by mid-2025. The company will spend EUR 12 million to further expand the development and testing of electric drives in Miskolc, and around EUR 36 million […]
With an investment of around EUR 61.9 million, Samsung SDI is boosting its Hungarian R&D activities in Göd. As a result of the decision, the company is committing to create 25 R&D jobs, and it is the first company in Hungary to launch a battery technology training course at Óbuda University. Hungarian taxpayers cover close […]
Many companies in Hungary are unaware that their activities may qualify as research and development (R&D) activities, which could qualify them for tax breaks or cash grants to boost their competitiveness, Deloitte said in a statement sent to MTI. R&D is based on some scientific or technical uncertainty, and is also a novel and methodical […]
