The Hungarian National Bank (MNB) raised key interest rate from 11.75% to 13%, above expectations of a 100 basis point increase.

The first phase of the capacity expansion of the Lego plant in Nyíregyháza has been completed. The investment increased the molding plant capacity by 50% and the packaging capacity by 25%.

Audi Hungaria has completed the expansion of the tool plant. Highly automated manufacturing cells produce bodywork items for exclusive series of the Volkswagen and Audi Group.

The price caps on basic foodstuffs and fuel will be extended until the end of the year. The government justified the extraordinary decision with the inflation, which was already over 15% in August.

Masterwool MW-1 d.o.o., the subsidiary of Masterplast Nyrt. will set up a production plant for stone wool in the Serbian Vojvodina.

Thyssenkrupp Components Technology Hungary is expanding the Jászfényszaru site with an investment of HUF 15 billion (EUR 37.3 million).

Robert Bosch Kft. is building a new 3,500 square meters automotive center in Zalaegerszeg by 2025 with an investment of HUF 4.2 billion (EUR 10.44 million).

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.

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.

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