Hungarian Investment Promotion Agency

Following the foundation stone-laying of Chervon Auto’s first plant outside China last October, the company is already expanding its production base in Hungary. In the second phase of the investment they will establish new capacities in value of EUR 49.2 milli...

2022. 05. 09.

Budapest hosts Giro d’Italia, the second most prestigious cycling race in the world after Tour de France, for the first time ever in 2022. HIPA used the opportunity to hold a flagship event together with RCS Sport and the Confederation of the European Bicycle ...

2022. 05. 09.

Rosenberger Group’s two Hungarian subsidiaries, Rosenberger Magyarország Elektronikai Kft. and Rosenberger Cabling Automotive Kft., expand manufacturing capacity of automotive electronics and data transfer connectors with an over EUR 44 million investment. The d...

2022. 04. 01.

The foundation stone of leading powertrain system developer AVL Hungary’s new vehicle test hall was laid in Érd where the company is building out its new center and automotive test base. The current phase of the investment announced back in 2018 is completed f...

2022. 03. 07.

Now that basic infrastructure such as public utilities, roads and parking lots have been provided, BMW Group Plant Debrecen is ready to enter the next phase of the project to erect buildings.  The investment of over EUR 1 billion that is bound to create more t...

2022. 02. 18.

PEX Automotive Systems Kft. expands capacity with an investment of EUR 15 million as a result of which, apart from the manufacturing of traditional products of the company such as brake wear signals and cables, e-mobility and intelligent automotive related pro...

2022. 02. 17.

As a result of a HUF 50 billion (EUR 150 million) investment a new production hall has been added to the existing site of REHAU-Automotive Kft. in Újhartyán. In the plant of 63,000 sqm plastic bumpers will be made with cutting-edge robotic technology primarily...

2022. 02. 15.

Bridgestone Tatabánya Termelő Kft. has spent close to HUF 130 billion in total on developments since it was established fifteen years ago, and by now it has become one of the most modern European tire plants of the Japan-based corporate group. And by 2023 it i...

2022. 02. 11.

To counter the economic effects of the pandemic, competitiveness boosting programs have been gradually launched under government subsidy schemes (VNT) in Hungary which triggered developments in up to 30 different industries. Turkish Şişecam Automotive and Italia...

2022. 02. 10.