Szijjártó meets with Bosch execs in Stuttgart

Minister of Foreign Affairs and Trade Péter Szijjártó met with heads of German engineering giant Bosch at the companyʼs headquarters in Stuttgart on Wednesday, state news wire MTI reported. The minister said the sides had agreed to strengthen their cooperation in the area of dual education.

As announced in January, Szijjártó noted that Bosch would move its logistics hub for Central and Eastern Europe to the Hungarian city of Hatvan, creating 250 jobs there. Construction of the HUF 17 billion industrial park where Bosch will set up the automated logistics base will start within days and finish by the end of next February, the minister added.

Hungaryʼs state-owned National Industrial Park Operating and Development Company will build the industrial park on the outskirts of Hatvan for Bosch, which will lease 60,000 square meters of the area for a period of 16 years. Bosch will also commit to raising the value of its orders from local suppliers by EUR 60 million over the next six years under the arrangement.

With the establishment of the logistics base in Hatvan, Boschʼs local headcount will rise to 14,700, higher than any other foreign-owned producer in the country.

Figures

VC Investments in CEE at EUR 940 mln in Q2 2024 – Vestbee

World

American Hungarian Diaspora Org Sets Sights on Young People

Energy Trade

Ganz’s Giant Transformer to Connect Hungarian and Eastern European Power Grids

Budapest

Karácsony: Budapest Ready for Flood Wave

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 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.