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A quarter (26%) of the domestic companies classified as competitive plan to distribute year-end bonuses to their employees, the Economic and Entrepreneurship Research Institute of the Hungarian Chamber of Commerce and Industry announced its latest survey, during which 1,825 domestic companies were asked about the benefits provided to their employees.
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State-owned Corvinus International Investment has signed agreements on the sale of its 25% stakes in Yettel Magyarország and Yettel Real Estate Hungary, and its 20% stake in CETIN Hungary to a member of Czech investment company PPF Group, the Economic Development Ministry said.
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After securing electric car manufacturing investments in the first phase of the competition for attracting such businesses, now Hungary has a good chance of attracting R and D projects in the sector as well, Péter Szijjártó, the minister of foreign affairs and trade said, announcing an investment by the German-owned Schaeffler Savaria, one of the world’s largest automotive suppliers.
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Appliances and electronics company TDK Hungary Components is investing 3.5 billion forints (EUR 9.2m), which comes with a 1.5 billion forint government grant, at a plant in Szombathely, in western Hungary, the company announced.
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Coca-Cola HBC Hungary inaugurated its newest, ultra-modern production line in Dunaharaszti on Tuesday in the presence of Minister of Foreign Affairs and Trade Péter Szijjártó.
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A consortium of South Korea’s LG and Canada’s Magna is investing 20 billion forints (EUR 52.7m) in building its first European plant turning out parts for electric cars, in Miskolc, in north-east Hungary, the foreign minister said in Budapest.
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