Thyssenkrupp Automotive Technology Hungary Kft. opened a new engineering office in Szeged to develop electromechanical steering systems.

Morgan Stanley plans further expansion in Budapest. Morgan Stanley called Hungary’s large number of talented analysts as the main attraction for the expansion.

MVM Zrt. has signed a mid-term general financing agreement worth EUR 250 million with ICBC Austria in order to ensure its financial stability.

The second phase of Grand Corvin by real estate developer Cordia – a member of the Futureal Group – has reached its final stage.

The Japanese group Toyo Ink built a new plant in Újhartyán with an investment of HUF 7 billion (EUR 17 million).

The Swiss SAG-Autonet Kft. handed over a regional distribution center for auto parts in Üllő worth HUF 18 billion (EUR 41.8 million).

Gebrüder Weiss Magyarország Kft. is expanding its logistics capacities with a new 10,500 square meters logistics hall.

Infineon – manufacturer of semiconductors – has inaugurated its new plant in Cegléd. The HUF 31.9 billion (EUR 76.4 million) investment will create 275 jobs.

The annual inflation rate rose to 20.1% in September from 15.6% in August. This is the highest inflation rate since 1995/1996.

The company is investing HUF 10 billion (EUR 23.8 million) in the construction of a complete center for space technologies.