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The reconstruction of the Budapest-Belgrade rail line which Hungary is spending HUF 800 billion on is nearing completion. In the meantime, the government has announced the construction of a parallel line, and it is
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China and Hungary elevated bilateral ties to an all-weather comprehensive strategic partnership for the new era as the two nations pledged to deepen cooperation in
Chinese electric-vehicle giant BYD will open a European centre in Hungary, creating 2,000 new jobs, the government said on Thursday, as Prime Minister Viktor Orban has been wooing China.
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“Hungary is a critical link in China–EU industrial chain cooperation,” Chinese Ambassador to Budapest Gong Tao emphasised in an interview with Eurasia. The diplomat
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Chinese electric vehicle giant BYD has made Hungary its European headquarters, with a new center in Budapest and a major factory in Szeged set to begin production in 2025.
China and Hungary on Thursday elevated their relations to an all-weather comprehensive strategic partnership for the new era. The decision was made during the talks
Hungary is gaining handsomely from economic ties with China, which serve as a prime example of civilised cooperation between Eastern and Western companies, Péter
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The National Development and Reform Commission (NDRC), China''s top economic planner, and Hungarian authorities signed five cooperation documents on Monday covering various fields including
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Hungary''s largest steel mill, the Dunaújváros Steel Plant (formerly Dunaferr), now owned by the UK-based Liberty Steel, is undergoing modernization with Chinese involvement.
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Bulldozers in southern Hungary are stripping the soil over a 300 hectare-site to prepare it for a Chinese "Gigafactory" for BYD electric cars. When Chinese President Xi Jinping comes to Europe in May, he will visit just three countries -
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A number of big Chinese companies will launch manufacturing capacity in Hungary in 2025 or early 2026, making a big contribution to ensuring 2025 is a “breakthrough” year for the local economy, Minister of Foreign
Several market-leading Chinese giants will start production in Hungary this year or early next year, which will make a major contribution to making 2025 the year of breakthroughs in the Hungarian economy, Minister of
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The upgrade will definitely spur the deepening of China-Hungary relations, observers say, believing the partnership will also further energize China''s expanding cooperation with Central and
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A number of big Chinese companies will launch manufacturing capacity in Hungary in 2025 or early 2026, making a big contribution to ensuring 2025 is a “breakthrough” year for the local economy, Minister of Foreign Affairs and Trade Péter Szijjártó said in Budapest on Thursday, ahead of a meting of the Hungarian-Chinese Joint Economic Committee.
A number of big Chinese companies will launch manufacturing capacity in Hungary in 2025 or early 2026, FM Péter Szijjártó said.
He added that Hungary was the number one target for Chinese investments in Europe. He said that Hungary was also an air cargo hub for Chinese goods in Central Europe. He added that big Chinese electronics companies had accounted for over half of cargo volume at Budapest Liszt Ferenc International in 2024.
He said that Hungary was also an air cargo hub for Chinese goods in Central Europe. He added that big Chinese electronics companies had accounted for over half of cargo volume at Budapest Liszt Ferenc International in 2024. A weekly 37 cargo flights and 21 passenger flights connect Hungary and China, he said.
He noted that Chinese companies had brought the most FDI to Hungary in 2020, 2023 and 2024. In the past ten years, he said Chinese companies had undertaken 54 big investments with a combined value of HUF 7,000bn, creating more than 30,000 jobs. He added that those companies had put Hungary at the “forefront” of the electromobility revolution.
He added that those companies had put Hungary at the “forefront” of the electromobility revolution. He said Chinese EV manufacturer BYD would start production at its plant in Hungary, the company's first in Europe, early in 2026, while production at the local plant of Chinese battery maker CATL would start in 2025.
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