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Govt aims to smooth way for investments by Daimler, Bridgestone

Hungary's government wants to declare administrative procedures related to investments by German carmaker Daimler and Japanese tyre maker Bridgestone of "special significance", making the procedures faster and smoother, according to a plan published on the government's website.

Daimler inaugurated an €800 million plant in Kecskemét last March. The plant will add a new model to its production palette in the spring. Bridgestone said in October that it decided on a €267 million capacity expansion at its base in Tatabánya. The expansion is expected to be completed in the first half of 2017.