Company Bulletin – May 2018

Our latest Company bulletin has been published! The major topics are the status of the Hungarian economy and the various industries. We also share news about the Japanese-affiliated companies in Hungary. The document can be downloaded here>>

For the time being, GDP growth is relatively fast

Being at the helm for eight years, Fidesz-KDNP won a two-thirds majority in the parliamentary elections again on April 8th. This is expected to entail a stronger establishment of the one-centred Hungarian political model than before. The continued deterioration of...

Zoltek Expands in Hungary

April 13, 2018
Japanese corporation Zoltek is creating 357 new workplaces at its plant in Nyergesújfalu with an investment on 30.8 billion forints (EUR 99 million), during the course of which 8 new production lines will be established and the company’s annual carbon...

Fidesz wins the elections

The Fidesz-Christian Democrat (KDNP) ruling coalition has won the general election in Hungary for a record consecutive term. Fidesz leader Viktor Orbán has declared victory, while the president of second placed party Jobbik, Gábor Vona, announced that he will resign...

Hungaryʼs industrial output up 4.1%

Hungaryʼs industrial output was up 4.1% in February compared to the same month a year earlier, a preliminary release of data by the Central Statistics Office today showed. The figure was the same according to unadjusted and workday-adjusted data. Output...

JSR-MOL Synthetic Rubber Plant Inauguration in Hungary

March 20, 2018
Hungary is “on the path of development because it is a safe country”, Prime Minister Viktor Orbán said on Monday at the opening of a synthetic rubber plant by Hungary’s oil and gas company MOL and Japan Synthetic Rubber Corporation...

Hungary issues JPY 30 bln samurai bond

March 20, 2018
Hungaryʼs Government Debt Management Agency (ÁKK) on Wednesday said it has issued a three-year JPY 30 billion samurai bond. The bond carries a 0.37% coupon but has a yield under 0.6% after conversion into euros, the ÁKK said. Hungaryʼs economy...

GS Yuasa to set up Hungary plant

January 12, 2018
Japanʼs GS Yuasa Corporation is investing HUF 8.8 billion in an electric vehicle battery plant in Miskolc (NE Hungary), Minister of Foreign Affairs and Trade Péter Szijjártó said in Budapest on Thursday at a press conference announcing the year’s first...

Holiday schedule

December 18, 2017
Our office will be closed for the holidays from December 23, 2017. We will be back to the office on January 3, 2018. In case of urgency you can contact us by emailing to:

Japanese sake on sale in Hungarian Auchans

November 30, 2017
Sudy & Co., Ltd. is proud to have contributed to the introduction of Japanese sake to Hungary!