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South Korea’s Iljin Materials will build a 3.8 billion forint (EUR 10.7) copper foil plant in Gödöllő, on the outskirts of the capital, to supply Samsung SDI’s growing local production capacity for electric vehicle batteries, Péter Szijjártó, the foreign affairs and trade minister, announced.
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German car maker Mercedes-Benz will invest 50 billion forints (EUR 141m) at its plant in Kecskemét, in central Hungary, to add fully electric vehicles to the production palette, Péter Szijjártó, the minister of foreign affairs and trade, said.
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Coca-Cola HBC Hungary has expanded its mineral water bottling capacity at its Zalaszentgrót plant with an investment worth nearly HUF 300 million, according to a press release.
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The new scheme approved by the European Commission for large companies to improve competitiveness required as a consequence of coronavirus situation and the introduced administrative measures.
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The National Bank of Hungary (NBH) has signed a cooperation agreement with the Monetary Authority of Singapore (MAS) to strengthen cooperation in FinTech innovation between their countries.
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The government will continue to cover half of wage costs and waive payroll taxes at companies in the hard-hit tourism and catering sectors until the end of January, Finance Minister Mihály Varga said on Facebook.
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