Continental Marks 30 Years In Budapest

  • 2 Sep 2019 2:11 PM
  • Hungary Matters
Continental Marks 30 Years In Budapest
German automotive company Continental marked the 30th anniversary of its plant in Budapest at a celebration on Friday.

Continental now has seven factories, a tyre sales business, a logistics base and an artificial intelligence development centre in Hungary, Róbert Keszte, who heads one of Continental’s local units, said at the event.

Including contracted labourers, Continental has more than 8,000 people on payroll in Hungary, he added. Continental has invested some 500 million euros in Hungary in the past ten years.

Finance Minister Mihály Varga said at the event that Continental was at the global forefront of developing new technologies. He said German-Hungarian bilateral trade had been record high in recent years and German investors were bringing the latest technology to Hungary.

The 6,000 German companies operating in Hungary employ some 300,000 Hungarians and several further large investment projects have been decided already this year, he added.

MTI Photo: Koszticsák Szilárd

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Enjoy more

business CHANNEL SPONSOR

Share your story

We're interested in your stories, and photos, related to expat life in Hungary. Your contributions, and Press Releases, are invited for review before publication in the loop.