Bosch to set up EUR 10 mln R&D base in Zalaegerszeg

Innovation

German engineering giant Bosch will set up a close to EUR 10 million R&D base in Zalaegerszeg (182 km southwest of Budapest), next to the ZalaZONE vehicle test track, the company's Hungarian unit said, according to a report by state news wire MTI.

Bosch will focus on driving support systems and development and testing related to autonomous vehicles at the base.

The company will construct a 2,000 sqm office building and a 1,500 sqm workshop there. The buildings will be inaugurated at the end of 2023, and the entire investment will be completed in 2025.

The Hungarian government is supporting the project which is expected to create jobs and attract local university students.

ADVERTISEMENT

Business Sentiment Up, Consumer Confidence Down in September Analysis

Business Sentiment Up, Consumer Confidence Down in September

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

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.