News
BMW to build giant plant in Debrecen
German car maker BMW is preparing to build a more than EUR 1 billion plant in Debrecen, eastern Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó announced on Tuesday. The plant will have capacity to turn out 150,000 conventional...
EU signs its biggest free trade deal with Japan
The European Union and Japan have signed one of the world’s biggest free trade deals, covering nearly a third of the world’s GDP and 600 million people. One of the biggest EU exports to Japan is dairy goods, while cars...
Free trade with Japan is also in the interests of the European Union and Hungary
“Rapid and comprehensive changes are going on within global politics and the global economy; old friendships are being broken and alliances of interests that previously seemed unlikely are coming into being. In such a turbulent period, it is in the...
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
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
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
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...