Respirator develops vehicles in HUF 500 mln project

Telco

Hungaryʼs Respirator Vegyivédelmi es Tűzvédelmi developed two multi-purpose vehicles with an investment of approximately HUF 500 mln, which included a HUF 222 mln EU and state grant, Hungarian news agency MTI reported.

The firm produced two vehicles that meet NATO requirements: one for transporting the sick or wounded in areas hit by catastrophes or war zones, and another for transporting people on base.

Respirator, which recently merged with peer Gamma Műszaki, had revenue of HUF 776 mln last year, according to public records.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.