Valeo Hungary to invest HUF 10 bln

Int’l Relations

The Hungarian subsidiary of French-owned vehicle parts manufacturer Valeo is planning to expand its base in Veszprém through an investment of HUF 10 billion, according to reports.

The investment of Valeo will be supported with a grant of HUF 1 bln from the Hungarian government, Ministry of Foreign Affairs and Trade state secretary László Szabó said today, according to Hungarian news agency MTI.

The plant in Veszprém employs a staff of approximately 1,900, out of whom 500 work in research and development, the state secretary added.

Value of Bank Card Payments Climbs 8% in Q1 Banking

Value of Bank Card Payments Climbs 8% in Q1

KDNP Head Says Party Will Leave if EPP Accepts Tisza EU

KDNP Head Says Party Will Leave if EPP Accepts Tisza

Creativity and Entrepreneurship – It's Never Too Early to St... Innovation

Creativity and Entrepreneurship – It's Never Too Early to St...

Sziget Festival Returning With a Bang in 2024 In Budapest

Sziget Festival Returning With a Bang in 2024

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.