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September 19, 2022

Magnus Aircraft builds aircraft factory in China

Magnus Aircraft’s Chinese subsidiary, Jiangsu Magnus Aircraft Manufacturing Company will set up a new manufacturing base in Wuxi, China with an investment of close to EUR 90 million.

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Magnus Aircraft errichtet Flugzeugwerk in China / Magnus Aircraft builds aircraft factory in China

September 16, 2022

Dunamenti Power Plant – First Tesla Megapack battery

MET Group is the first to install Tesla’s energy storage unit, Megapack in Százhalombatta, Hungary on site of the company’s Dunamenti Power Plant.

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Dunamenti-Kraftwerk - Erster Tesla Megapack-Batteriespeicher / Dunamenti Power Plant - First Tesla MegaPack battery

September 16, 2022

OBO Bettermann Hungary Kft. – Investment in Bugyi

An investment of HUF 18 billion (EUR 45 million) is set to boost the growth of OBO Bettermann Hungary Kft.

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OBO Bettermann Hungary Kft. - Weitere Investition in Bugyi / OBO Bettermann Hungary Kft. - Investment in Bugyi

September 12, 2022

Halms Hungary builds e-car component plant

Chinese-owned Halms Hungary Kft. is investing more than EUR 40 million to set up a new plant to manufacture components for electric cars in Debrecen.

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Halms Hungary baut E-Auto-Komponentenwerk / Halms Hungary builds e-car component plant

September 9, 2022

Schneider Electric – Smart factory in Dunavecse

Schneider Electric is building a smart factory in Dunavecse with an investment of HUF 16 billion (EUR 40 million). The factory is expected to start production in 2024.

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Schneider Electric - Smartes Werk in Dunavecse / Schneider Electric - Smart factory in Dunavecse

September 7, 2022

Interest rates at an 18-year record high

The Monetary Policy Council of the National Bank of Hungary (MNB) increased the interest rate by 100 basis points to 11.75%.

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Leitzins auf 18-jährigem Rekordhoch / Interest rates at an 18-year record high

September 6, 2022

KIA Hungary – Electric vehicle market leader

The South Korean brand KIA continues to lead the electric vehicle market in Hungary this year, with a 12.3% share of the market.

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KIA Hungary - Marktführer bei E-Autos / KIA Hungary - Electric vehicle market leader

September 5, 2022

Planning permission for nuclear power plant Paks 2

The Paks 2 nuclear power plant has now received planning permission from the Hungarian Atomic Energy Authority.

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Baugenehmigung für AKW Paks 2 / Planning permission for nuclear power plant Paks 2

September 2, 2022

Balluff Group opens new office in Budapest

Balluff Group – a German family-owned company – has opened a new development office in Budapest after Veszprém and Csetény.

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Balluff Gruppe eröffnete Büro in Budapest / Balluff Group opens new office in Budapest

August 31, 2022

MÁV-Start – Hydrogen-powered trains

Railway company MÁV-Start has launched market research for the procurement of hydrogen-powered multiple units.

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MÁV-Start - Marktforschung zu Wasserstoff / MÁV-Start - Hydrogen-powered trains

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    5 November 2025

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