Gov't Signs Strategic Cooperation Agreement with Alstom

Deals

Hungary's government signed a strategic cooperation agreement with French rolling stock manufacturer Alstom on Friday, the Ministry of Foreign Affairs and Trade said, according to a report by news agency MTI.

Alstom is committed to increasing its capacity in Hungary and creating new jobs, Minister of Foreign Affairs and Trade Péter Szijjártó said at the signing ceremony.

He added that cooperation with Alstom could be further enhanced in the area of hydrogen, noting that the company built the world's first hydrogen-powered train.

The company employs 650 people at a plant in Mátranovák (93 km northeast of Budapest).

ADVERTISEMENT

Budget Must Adapt to Economic Environment - Varga MNB

Budget Must Adapt to Economic Environment - Varga

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

AutoWallis Registers Over HUF 360 bln in Revenue in 2023 Automotive

AutoWallis Registers Over HUF 360 bln in Revenue in 2023

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony

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.