ADVERTISEMENT

Bosch invests HUF 9.3 bln in plant expansion

Pharma

Robert Bosch Energy and Body Systems is investing HUF 9.3 bln in a capacity expansion at its plant in Miskolc, northeastern Hungary, the unit of German engineering giant Bosch said on Wednesday, according to Hungarian news agency MTI.

The unit is being awarded a HUF 1.4 bln government grant for the project, Minister of Foreign Affairs and Trade Péter Szijjártó said. The investment will also create 425 jobs, he added.

The plant in Miskolc manufactures starter motors, relays and electric drives for the automotive industry.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.