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The government is offering a grant of 1.2 billion forints (EUR 3.4m) to Austrian wood products company Falco, which will increase its production capacity in Hungary through a development project worth 8.2 billion forints, the minister of foreign affairs and trade said, adding that the project would help retain 300 jobs.
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The board of directors of South Korean company SK Innovation decided on Thursday to build a new EV battery factory in Iváncsa, a village in Fejér county, Foreign Affairs and Trade Minister Péter Szijjártó announced on Friday.
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The American Chamber of Commerce in Hungary (AmCham), a community of over 300 companies, representing 200,000 employees in diverse sectors, revealed its new Policy Agenda, the strategic guideline to the organization’s advocacy work for 2021-2025, according to a press release sent to the Budapest Business Journal.
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The Netherlands-Hungarian Chamber of Commerce (Dutcham), with the professional support of CBRE Hungary & ING Bank N.V. Hungary Branch, is set to organize a webinar entitled "Is it worth investing in real estate these times?" on February 3.
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American automotive companies BorgWarner and Jabil are launching investments in Hungary worth a combined 12 billion forints (EUR 33.5m) and will receive 4.4 billion forints of government support, the minister of foreign affairs and trade said.
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Consumer and business confidence improved in January from the previous month, economic research institute Századvég’s gauges of sentiment show.
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