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Hungary has “never had such a successful year” in terms of investments as it has in 2020, thanks to the government’s economic promotion schemes, the minister of foreign affairs and trade said on Facebook.
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Hungary’s exports edged up 0.1% year-on-year to 10.190 billion euros in October, growing for the second month in a row after contracting since the start of the pandemic, a second reading of data released by the Central Statistical Office (KSH) shows.
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China’s Shenzhen Kedali Industry will build a 14.1 billion forint (EUR 39.4m) lithium battery parts plant in Gödöllő, on the outskirts of Budapest, Minister of Foreign Affairs and Trade Péter Szijjártó said.
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Bock Hungária and the Government of Hungary have signed a strategic partnership agreement, and in the frame of a new project, production and storage capacities will also be expanded at the premises of the company.
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The Hungarian government has signed new investment agreements with Bavarian automotive industry supplier Rosenberger and motorhome, campervan and caravan manufacturer Knaus Tabbert, which will create and save hundreds of jobs, Péter Szijjártó, the foreign affairs and trade minister, said on Wednesday.
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India’s Apollo Tyres is investing 4.4 billion forints (EUR 12.4m) at its plant in Gyöngyöshalász, in northern Hungary, Péter Szijjártó, the foreign affairs and trade minister, said on Monday.
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