Govt signs strategic cooperation agreement with Continental

Conferences

Hungary's government on Wednesday signed a strategic agreement with German tyre maker Continental. The agreement was signed by National Economy Minister Mihály Varga, Continental board member Heinz-Gerhard Wente and Continental unit ContiTech Fluid Automotive Hungária managing director Mihály Nagy. Wente said Continental would cooperate with Hungarian research laboratories on product development and commit to creating workplaces and expanding its circle of suppliers within the framework of the agreement. Nagy said he had initiated the signing of the agreement in the name of the company. Continental unit ContiTech Fluid Automotive Hungária has production units in Makó and Vác, near the capital. The unit had profit of HUF 3 billion on revenue of HUF 42 billion in 2011. 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 and Jabil Circuit as well as with Hungarian drugmaker Gedeon Richter. It expects to sign about 40 such agreements.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.