Govt signs strategic partnership agreement with Bridgestone
Hungary's government signed a strategic partnership agreement with the local unit of Japanese tyre maker Bridgestone on Friday. The agreement was signed by state secretary for foreign affairs and external economic relations Péter Szijjártó and Bridgestone Tatabánya Termelő managing director Kenji Karato. The managing director said politics and business are like a pair of wheels on a car: if they do not roll together, neither will get anywhere. Bridgestone inaugurated its plant in Tatabánya in 2008. It decided last year to triple capacity at the base to a daily 18,000 units by 2017, spending €267 million. Szijjártó said the government had declared the expansion, which will create 505 jobs, of "elevated importance" and the Hungarian Investment and Trade Agency (HITA) had proposed supporting the investment with subsidies. Bridgestone employs about 350 people in Tatabánya at present. Since last summer, the government has signed strategic partnership agreements with the local units of Coca-Cola, Alcoa, Daimler, Suzuki, Hankook, General Electric, Microsoft, Stadler Rail, Tesco, IBM, Tata Consultancy Services, Nokia Siemens, National Instruments, Audi, Jabil Circuit, Continental, Dalkia, Lego, Teva and Sanofi, as well as with Hungarian drugmaker Gedeon Richter and road haulage company Waberer's, and Chinese ICT company Huawei Technologies. It expects to sign about 40 such agreements.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
