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state subsidy

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Further Expansion by Chervon Auto

May 16, 2022

Following the foundation stone-laying of Chervon Auto’s first plant outside China last October, the company is already expanding its production base in Hungary. In the second phase of the investment, they will establish new capacities in value of EUR 49.2 million in Miskolc to manufacture metal castings for electric vehicles which should entail the creation […]

Modine Hungária Expands in Two Hungarian Locations

Apr 7, 2022

Automotive supplier Modine Hungária Gépjárműtechnikai (‘Automotive’) Ltd. responds to pandemic-induced challenges by expanding operations with an investment of nearly EUR 5.2 million in Gyöngyös and Mezőkövesd, both in eastern Hungary by using state subsidy (amounting to close to a quarter of the invested amount) to improve competitiveness. Modine Hungária Gépjárműtechnikai Ltd., which produces fridges and […]

New Production Hall by Motherson in Kecskemét

Dec 20, 2021

Indian-owned automotive supplier Motherson Group has invested around EUR 16 million to develop its Hungarian sites in Győr, Mosonmagyaróvár, Mosonszolnok and Túrkeve, and has expanded its Kecskemét plant with a new hall. More than a third of the investment will be covered by Hungarian taxpayers due to a government decision. The new hall, which was […]

SEG Automotive Opens New Factory in Szirmabesenyő

Nov 18, 2021

Following a strategic investment SEG Automotive's new factory was opened in Szirmabesenyő. The 25,000-square-metre production hall together with the adjacent logistics hall totals 50,000 square meters. In addition to the relocated production lines, two new ones have also been purchased for almost EUR 6.2 million. Close to 30% of the investment cost is covered by […]

Pick to Build New Salami Factory in Szeged

Nov 2, 2021

In the framework of a brownfield investment of EUR 110 million, Pick Szeged implements the modernization of their headquarters in Szeged, as well as the automation and expansion of traditional mouldy salami production capacity of conventional maturing. The investment - more than a quarter of which is covered by Hungarian taxpayers though a government decison […]

Naturtex Expands Production Capacity in Szeged

Oct 25, 2021

The new production hall and office building of the Hungarian family-owned textile manufacturing Naturtex Group has been completed in the southeastern Hungarian city of Szeged. With an investment of almost EUR 12 million (over one third which is paid for by Hungarian taxpayers through a government decision) creating 150 new jobs, the company achieves a […]

Swiss Krono Capacity Increasing in Vásárosnamény

Oct 22, 2021

Swiss-owned Swiss Krono, the world's leading manufacturer of wood-based materials, has decided to implement a significant capacity increasing development. As a result of the investment of EUR 47 million retaining 145 jobs and creating 28 new ones, the "OSB" production capacity of the Vásárosnamény plant will increase more than 1.5 times. About 15% of the […]

METRANS to Build Container Terminal as Logistics Center

Sep 10, 2021

The construction of the METRANS Group's container terminal - for which the laying the foundation stone this Thursday in Zalaegerszeg - will create a new logistics center in Hungary and increase the region's investment attractiveness. The cost of the southwestern Hungarian investment that promises to create 120 new jobs is close to HUF 16 billion, […]

Further Development by Vitesco Technologies in Debrecen

Aug 24, 2021

Two months after the inauguration of the automotive electronics manufacturing plant in Debrecen, Vitesco Technologies, which was formed by the transformation of the Powertrain division of Continental, decided on yet another large-volume greenfield investment. With its investment of more than EUR 120 million, creating 450 new jobs, the company will double its manufacturing area. Through […]

Knapp Opens New Site in Hungary

Jul 20, 2021

Knapp, the manufacturer of warehouse logistics equipment, is setting up a new site in Nemesvámos. Within the framework of a development amounting to almost EUR 16.7 million by the end of March 2023, the company will transform a brownfield site creating 250 new jobs in 2022 followed by an additional 250 by 2027. Almost a […]

The Most Popular Used Electric Cars in Hungary

May 17, 2021

The price subsidy tender for environmentally friendly electric cars has been launched again this year, and large family buyers choosing seven-seater models can get a discount of up to HUF 5 million on the purchase price. All this is likely to further stimulate the growing interest in electric cars, according to search statistics at the […]

Nolato Hungary headquarters

Nolato to Increase its Production and Storage Area

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 […]

Subsidy for Electric Bicycles

Jan 4, 2021

A second round of call to receive support for the purchase of electric bicycles has started this Monday and lasts till Friday, January 8. The winners of the first stage receive a total of nearly HUF 110 million to purchase more than a thousand such vehicles. The Ministry of Innovation and Technology (ITM) announced a […]

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