German Firms to Invest HuF 4 BN Hungary

German Firms to Invest HuF 4 BN Hungary

Three major German companies have decided to plough a total of 4 billion forints (EUR 11.1m) into investments in Hungary, Péter Szijjártó, Hungary’s minister of foreign affairs and trade, said. The government will contribute 1.2 billion forints to the investments,...
Hungary to Renovate 1,000km of Roads in 2021

Hungary to Renovate 1,000km of Roads in 2021

Hungary will repave about 1,000km of roads at a cost of 190 billion forints (EUR 520m) this year, the Innovation and Technology Ministry said on Friday. The roadwork will be undertaken in more than 350 projects, the ministry said. József Szilvai, the CEO of state road...
2020 ‘Breakthrough Year’ for Telecommuting in Hungary

2020 ‘Breakthrough Year’ for Telecommuting in Hungary

The coronavirus epidemic and its impact on the Hungarian economy and society brought about a “breakthrough” in telecommuting in 2020, the State Audit Office (ÁSZ) said on Friday. Citing Central Statistical Office (KSH) data, ÁSZ said that whereas between 2010 and 2019...
Sangsin to Expand Hungary Base

Sangsin to Expand Hungary Base

The Hungarian unit of Korea’s Sangsin will invest 10.5 billion forints (EUR 29.2m) to expand its base in Jászberény, east Hungary, with a 3.15 billion government grant, Minister of Foreign Affairs and Trade Péter Szijjártó said on Thursday. The investment will...
Government Spends 2,000 BN HuF on Modern Cities Scheme

Government Spends 2,000 BN HuF on Modern Cities Scheme

The government’s Modern Cities programme, aimed at financing development projects in Hungary’s large cities outside Budapest, had used a total 2,000 billion forints (EUR 5.6bn) by the end of last year, the government commissioner in charge of the programme told MTI on...
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