ADVERTISEMENT

Government upgrades Daimler-Benz plant to priority investment

Recycling

Hungary’s National Development and Economy Minister Gordon Bajnai announced that the government had classified construction of a projected €800 million Daimler-Benz assembly plant as a priority national investment, thus making it eligible for a streamlined permit-acquisition process.

Daimler-Benz announced in June that it would build its Eastern European plant in Hungary. Daimler-Benz is expected to employ 2,500 workers at the plant, which will be the biggest greenfield investment ever made in Hungary.

Daimler-Benz said in June that the company plans to begin production of next-generation Mercedes A- and B-Class compact cars at the plant in 2012. (MTI – Econews)

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic 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.