News in Brief
TDK investment in Hungary to create 250 jobs
Japanese electronic car-parts manufacturer TDK is investing HUF 26 billion (EUR 70.0m) in setting up a plant manufacturing sensors to electric cars in Szombathely, in western Hungary.
Job Creation
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News in Brief
Budget deficit reached HUF 5,101.5 billion at end of Dec
“The budget ensured, to the full extent, the resources necessary to restart the economy and the defense against the pandemic,” the finance ministry said.
News in Brief
Philip Morris e-cigarette recycling center creates new jobs in Gyál
State Secretary Tamás Menczer said the investment created 100 jobs. Philip Morris’s revenue in Hungary was over HUF 230 billion last year.
News in Brief
NBH governor: Investment growth, job creation and cheap credit are necessary for Hungary’s economic recovery
NBH governor has said investment growth, job creation and cheap credit will be necessary for Hungary’s economic recovery from the coronavirus crisis.
News in Brief
FM says European Union should allow member states to raise job protection support
The foreign minister has called on the European Union to allow member states to raise their job protection support for companies above 800,000 euros.
News in Brief
FM says European Union should prioritize replacing jobs lost to the coronavirus epidemic
Péter Szijjártó, Minister of Foreign Affairs and Trade, said that before the pandemic, ministers had talked about “the need for legal migration and importing labor to the EU”. Now “hundreds of thousands of people have lost their jobs.”
Prime Minister
Coronavirus Update: PM Orbán said his government will create as many jobs as are lost in the coronavirus crisis
In a letter addressed to Luca Visentini, General Secretary of the European Trade Union Confederation (ETUC), Prime Minister Viktor Orbán said his government will create as many jobs as are lost in the coronavirus crisis.
News in Brief
FM: Indian companies to create 1,000 jobs in Hungary
The foreign minister held talks with representatives of automotive, electronics and energy companies in Mumbai this week to thrash out the deals.
News in Brief
South Korean investment in Hungary will create 300 new jobs
The foreign minister has confirmed that agreements have been signed on HUF 70 billion (EUR 211.6m) worth of investments, making South Korea Hungary’s largest foreign investor in 2019.
News in Brief
Samsung SDI opening up 1,200 new jobs in Hungary
Samsung SDI has announced that it will carry out a HUF 390 billion (EUR 1.17m) expansion of its battery plant in Göd near Budapest, creating 1,200 new jobs.
News in Brief
Young Hungarians begin Tesla movement to bring gigafactory to Hungary
The Hungarian engineers claim that this would not only create 17,000 jobs but would be an important opportunity for young Hungarian engineers, programmers and IT workers to gain experience
News in Brief
IMF upgrades Hungary's GDP growth forecast
The IMF also projects Hungary’s unemployment rate to fall to 4.4 percent this year after a larger than foreseen fall, to 4.9 percent last year
News in Brief
Tata Consultancy expand their operations in Hungary
The service center, launched with a few dozen engineers in 2001, now employs 1,800 highly-qualified engineers, economists, IT experts and developers, more than 10 percent are students