• Austria Is 3rd Largest Investor In Hungary

    Austria Is 3rd Largest Investor In Hungary

    • 3 Feb 2021 8:51 AM

    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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  • Watch: SK Innovation Plans Third Hungarian Factory

    Watch: SK Innovation Plans Third Hungarian Factory

    • 1 Feb 2021 9:05 AM

    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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  • AmCham Hungary Releases New Policy Agenda For 2021-2025

    AmCham Hungary Releases New Policy Agenda For 2021-2025

    • 28 Jan 2021 11:48 AM

    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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  • US Automotive Companies To Invest HUF 12 Billion In Hungary

    US Automotive Companies To Invest HUF 12 Billion In Hungary

    • 27 Jan 2021 3:00 PM

    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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