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Bosch unit receives EU grant for job-creating developments

Robert Bosch Energy and Body Systems Kft, a unit of German engineering company Bosch based in Miskolc will receive HUF 2.3 billion in European Union grant for technological developments worth HUF 6.3 billion, the company said on Tuesday. The developments, consisting of three projects, were launched in 2012, and will create 200 new jobs. Two of the three projects will be completed by the end of this year and the third one by June 2014. Bosch employed about 8,000 people in Hungary at the beginning of 2012. The company's turnover in the country reached HUF 134 billion in the 2011 business year, rising 13%.