Jiecang Linear Motion Technology Co. will build a plant in Kaposvár. The Chinese manufacturer of linear hydraulic structures is investing over EUR 60 million and creating over 200 new jobs.

The government decided to provide new support to further strengthen the SME sector and increase its competitiveness.

A vehicle laboratory and a mini test track are being built in the science, technology and innovation park of the University of Debrecen.

In July, consumer prices were 17.6% higher compared to the same month last year. Core inflation dropped to 17.5%. In June, annual inflation was 20.1% and core inflation was 20.8%.

The continuously expanding AutoWallis Group has acquired Share Now, the market leader car-sharing service provider in Hungary.

The leading Hungarian pharmaceutical group Richter Gedeon is acquiring the Dutch company Giskit MD B.V. for around EUR 30 million.

As of 1 August, the maximum amount of the Széchenyi investment loan MAX+ (and the related Széchenyi agricultural investment loan) has been doubled to HUF 1 billion (EUR 2.5 million).

The BUX stock index of the Budapest Stock Exchange (BÉT) produced a series of positive results in July, closing the month with 13 trading days in a row with a positive value.

One of the market leaders in rail logistics segment loses its independence: Petrolsped becomes a member of the Waberer’s Group.

Promotional gifts company Anda Present is creating 100 jobs in a new factory building constructed in Kalocsa with an investment of HUF 2.5 billion (EUR 6.4 million).