Hungary’s policy of fostering closer economic ties with Eastern nations has brought tangible results with the country benefitting from major foreign investments Minister of Foreign Affairs and Trade Péter Szijjártó reiterated this stance at the announcement of a new investment by the Japanese electronics company Alpine which is set to expand its operations in Biatorbágy with a 21-billion-forint development project The Hungarian government is supporting the initiative with 3 billion forints in funding facilitating the creation of over one hundred new jobs The investment will not only enhance Hungary’s export performance but also align with sustainable energy goals as the new facilities will rely on renewable energy sources Szijjártó emphasized that the automotive and electronics industries are increasingly interlinked making such investments particularly significant for Hungary which serves as a key hub for European car manufacturing the country has welcomed 172 significant electronics investments worth 9,000 billion forints Highlighting the economic importance of Pest County the minister pointed out that unemployment in the region has dropped from 6.4 per cent to 3 per cent over the last ten years while industrial production has surged from 2,500 billion to 7,000 billion forints He stressed the need for continued industrial expansion stating that ‘to maintain full employment in Hungary one hundred new factories are necessary.’ The Alpine investment is a step towards fulfilling this goal Szijjártó underlined that the Alpine expansion is another milestone in strengthening Hungarian–Japanese relations noting that over 200 Japanese companies currently operate in Hungary the government has supported 72 major Japanese investments worth approximately 650 billion forints The minister framed these developments within the broader success of Hungary’s Opening to the East strategy pointing out that the global economic landscape has changed dramatically The once unipolar economic system has given way to a more balanced distribution of economic power with Eastern countries not only catching up to but While in the 2010s 80 per cent of global investments originated from Western capital and only 20 per cent from the East the current figures show a complete reversal Hungary’s three largest investors in 2022 were all from Asia: China Szijjártó also noted the growing interdependence between Eastern and Western economies with European companies heavily reliant on Asian suppliers for raw materials and critical components while Asian firms benefit from European investments He warned against political interference in these economic ties stating that ‘attempts to artificially separate Eastern and Western economies a Fidesz MP and the party’s communications director described 2024 as a ‘year of economic breakthrough’ Speaking at the Alpine investment announcement he argued that Hungary’s economic strength—bolstered by foreign investments like Alpine’s—demonstrates the country’s resilience despite global crises and sanctions Menczer also announced that Hungary would launch Europe’s most extensive tax reduction programme Measures will include doubling child-related tax benefits granting lifetime income tax exemptions for mothers with two or more children and making parental leave payments tax-free would also encompass homeownership support and increased backing for small and medium-sized enterprises (SMEs) He highlighted that Alpine’s decision to invest in Hungary reflects the country’s stable economic environment Menczer contrasted Hungary’s political stability with Europe’s more volatile political climate where governments often collapse or struggle to form He attributed Hungary’s stability to the Orbán government’s consistent representation of Hungarian interests Hungary remains committed to strengthening its role as a bridge between East and West leveraging foreign investment to drive economic growth The Alpine expansion is just one example of how Hungary’s open economic strategy continues to yield success Hungarian Conservative is a quarterly magazine on contemporary political philosophical and cultural issues from a conservative perspective 2024 shows a view of the NIO Power Europe Plant in Biatorbagy The NIO Power Europe Plant spans approximately 10,000 square meters in Biatorbagy of Hungary serving as NIO's first overseas manufacturing facility It functions as NIO's European manufacturing Its primary operations include the manufacturing and after-sales service of power swap stations training for NIO's European electric vehicle business and research and development of electric products Its operation enhances the efficiency of NIO's energy layout and services in the European market providing European users with an improved driving experience Staff members work at the NIO Power Europe Plant in Biatorbagy 2024 shows the NIO Power Europe Plant in Biatorbagy 2024 shows the exterior view of the NIO Power Europe Plant in Biatorbagy A staff member works at the NIO Power Europe Plant in Biatorbagy 2024 (Xinhua) -- Staff members work at the NIO Business Service Center (BSC) in Budapest The NIO Business Service Center (BSC) was established in 2022 with core functions covering customer support and information technology solutions within the European region 2024 (Xinhua) -- Staff members display a car model at the NIO Business Service Center (BSC) in Budapest Chinese electric vehicle maker NIO is committed to achieving the green transformation of Hungary and the rest of Europe by relying heavily on the local workforce NIO opened its first factory outside China in September 2022 in Biatorbagy a town about 20 kilometers from the Budapest city center The NIO Power Europe Plant manufactures battery swapping stations for the European market said the plant is serving as the manufacturing service and research and development center for charging products on the continent "This factory has a long-term and great significance for NIO's overall overseas production layout helping to cultivate talent and accumulate experience abroad," Zhang said He said the operation of the plant greatly enhances NIO's energy deployment and service efficiency in Europe and improves user experience for European customers Dozens of battery swapping stations assembled by the plant are currently operational in Europe a European Business Service Center of NIO has been set up in Budapest to provide technical support along with employee training and other services NIO has 2,400 battery swapping stations in the world where customers can get a fully charged battery for their EVs in less than four minutes in a container-sized unit Zhang said he believes that NIO's innovative energy solutions will play an active role in low-carbon economic development and environmental protection through its battery swapping stations made at the Hungarian plant These stations have "a long-term and positive impact on the green transformation of Hungary and Europe as a whole especially in the current tight energy supply situation in Europe" referring to the energy crisis in Europe following the Russia-Ukraine conflict "The application of these technologies helps to accelerate electrification and smart transformation in these regions thereby achieving green development goals," he said Zhang said that NIO's development in Hungary and Europe has always followed the core principle of localization and its key management team in Hungary primarily comprises Hungarian professionals senior manager of human resources at the NIO European Business Service Center said he became NIO's first employee in Budapest about three years ago While he had worked with Chinese companies before it was the first time he started working for one "It's very interesting to work for a Chinese company but also learn a lot from each other," he said adding that he learned more about China and Chinese culture after joining NIO Chinese companies have a good reputation," Kecskemeti said noting how proud he felt driving his NIO electric car in Budapest who works in the financial department of the service center said he was attracted by NIO's innovative products and was really happy to join NIO at an early stage He said he felt no "culture shock" working for a Chinese company "It was like joining another European company pretty much similar to my previous experiences." the NIO Power Europe Plant won the 2022 Innovative Product Investment Award from the Hungarian Investment Promotion Agency for its innovative battery swapping solution Its business service center in Budapest was recognized this year as the "most promising emerging business service center in Central and Eastern Europe" said that Hungary is an important part of NIO's globalization journey "Through our investment and presence in Hungary we aim to bring advanced Chinese technology and innovation concepts to the electrification and smart transformation of the Hungarian automotive industry," he added Please enable JS and disable any ad blocker March 18 (Xinhua) -- The NIO Power Europe Plant spans approximately 10,000 square meters in Biatorbagy Startup carmaker NIO saw its new car deliveries increase 30.7 percent to over 160,000 units in 2023 according to a report from the China Passenger Car Association (CPCA) published in January A NIO electric car is seen in a battery swap station during a ceremony of the shipment of the first battery swap station produced by the NIO Power Europe Plant in Biatorbagy NIO will supply battery swap stations to its entire European network from the new 10,000 square meter plant located in Biatorbagy 16 (Xinhua) -- Chinese electric vehicle (EV) maker NIO celebrated here on Friday the shipment of the first battery swap station produced by the NIO Power Europe Plant Officials attend a ribbon cutting during a ceremony of the shipment of the first battery swap station produced by the NIO Power Europe Plant in Biatorbagy said the new world-class facility will support NIO's commitment to installing 1,000 battery swap stations outside China by 2025 It will also be a pioneering research and development (R&D) center for NIO Power Europe and will serve as the company's training Qin said that host country Hungary's inclusive and positive environment for investment and cooperation has guaranteed the new plant's smooth operation Hungary has become a major actor in battery manufacturing state secretary for bilateral relations at the country's Ministry of Foreign Affairs and Trade Menczer also said that the country has also become a leader in the "new automotive era." Currently 20 settlements in Hungary host battery plants built mostly by Asian investors state secretary for bilateral relations at Hungarian Ministry of Foreign Affairs and Trade speaks at a ceremony of the shipment of the first battery swap station produced by the NIO Power Europe Plant in Biatorbagy minister counselor for economic and commercial at the Embassy of the People's Republic of China in Hungary said that Hungary has always provided a stable policy background and a good business environment for foreign investments and recalled that despite the COVID-19 pandemic the increase in Chinese investment in Hungary has been "surprising." for the first time China became the leading investor in Hungary He also said that the investment in the NIO plant was made possible by the new platforms for trade and investment opened by the Belt and Road Initiative Liu said he hoped that China and Hungary would find new ways to cooperate in green development projects and added that more Chinese companies and investors would start doing business in Hungary NIO's comprehensive power services and vehicle products will become available in Germany A jelen oldalon található információk újságíróknak 12 April 2021 – Ford is announcing today the official opening of its Regional Parts Center in Biatorbágy in the presence of the Hungarian Minister of Foreign Affairs and Trade Tamás Menczer the state secretary and Ford’s Regional Director Yiannis Tavanidis The newly established Regional Parts Center will be serving 15 countries in Central and Eastern Europe Apart from Hungary the Center will supply original parts to Ford’s authorized repairers in Austria “Today’s announcement marks an important milestone for Ford’s presence in Hungary and I am very happy to continue the journey we started here more than 10 years ago We have been operating our Hungarian and EDM markets since 2007 from our Hungarian Office To grow the organization the first major milestone was when Ford Motor Company established its Regional Headquarter in 2012 in Szentendre As a next step we opened our Ford Business Service Centre in Budapest in 2018 which allowed us to bring an increasing number of European and global Ford functions to Hungary covering a variety of areas in production planning which is Ford’s first High-Velocity-Center (HVC)­* in Europe will help Central and Eastern-European Ford dealers to minimize the order to delivery lead time The newly set-up center in Biatorbágy will not only support the overall efficiency of the parts orders but I strongly believe that it will positively impact Ford’s customer’s experience and the way we handle both sales and aftersales processes is a real key differentiator”– added Yiannis Tavanidis Ford Motor Company worked with Arcese Group to build a 10.000 m2 professional storage Center for more than 18.000 different Ford original parts numbers The Parts Center currently employs 55 people Ford is expanding its services in Hungary as one of the largest US based automotive employer in the country operating out of 3 locations in Hungary – Budapest Szentendre and Biatorbágy – already employing 624 highly qualified young Hungarian graduate engineers and economists working across a wide range of areas The company also supports a continuously expanding supplier network in Hungary currently consisting of 40 companies and 69,000 employees manufacturing and supplying parts for Ford production facilities with a total revenue of 2,27 billion USD in 2020 Ford has been the market leader in vehicle sales in Hungary since 2010 with a strong market share in passenger car segment with 9,1% and more than 32% share of the commercial vehicle market Ford announced it is investing at least $22 billion globally in electrification nearly twice the company’s previous electric vehicle investment plans and that it investing $1 billion to create the Ford Cologne Electrification Center in Germany for the manufacture of electric vehicles the company’s first such facility in Europe volume all-electric passenger vehicle will be built at the facility in 2023 with the potential for a second all-electric vehicle under consideration By mid-2026, 100 percent of Ford’s passenger vehicle range in Europe will be zero-emissions capable, all-electric or plug-in hybrid, moving to all-electric by 2030 *HVC – High Velocity Center – Ford Motor Company's High velocity parts centres (or regional distribution centers) are storing high-volume parts and provide daily overnight automotive parts deliveries to Ford dealerships A saját tulajdonú vállalatokban körülbelül 53.000 alkalmazottat illetve nem összevont közös vállalkozásokkal együtt pedig mintegy 67.000 embert foglalkoztató Ford Európa felel a Ford márkához tartozó autók gyártásáért értékesítéséért és karbantartásáért Európa 50 piacán A Ford Motor Credit Company mellett a Ford Európa üzleti tevékenysége magában foglalja a Ford Ügyfélszolgálat és 24 gyártóüzem (16 saját tulajdonú vagy összevont közös vállalat és 8 nem összevont közös vállalkozás) működtetését Az első Ford autókat 1903-ban szállították Európába – ugyanabban az évben A Ford Magyarország 38 hivatalos Ford márkakereskedőjével teljeskörű értékesítési alkatrész forgalmazással és a Ford Credit révén teljeskörű finanszírozással áll a magyar vásárlóközönség rendelkezésére When you choose to create a user account and follow a newsroom your personal data will be used by us and the owner of the newsroom for you to receive news and updates according to your subscription settings To learn more about this, please read our Privacy Policy, which applies to our use of your personal data, and our Privacy Policy for Contacts which applies to the use of your personal data by the owner of the newsroom you follow Please note that our Terms of Use apply to all use of our services You can withdraw your consent at any time by unsubscribing or deleting your account On 18th and 25th November the Railjet xpress 261 originally scheduled to depart from Vienna at 21:40 will arrive at Déli station instead of Keleti station.  please use only the ticket.mav.hu website or the MÁV app which you can also access by clicking here A működéshez szükséges sütik a weboldal használatát segítik amelyek nélkül az alapvető funkciók sem működnek Marketing sütiket (Google Adwords és Facebook Pixel) reklám kampányaink hatékonyságának mérésére alkalmazunk Weboldalunkon a Google Analytics webanalitikai rendszer sütijeit alkalmazzuk amelyek a weboldal látogatottságának mérésére szolgálnak Discounter Lidl has opened DIY stores for its private label Parkside in Hungary and Poland The aim is to make the DIY brand better known to consumers and to present the discounter’s full DIY range Lidl has opened two such stores so far: one in Biatorbágy (near Budapest Hungary) and one in Bytom (Southern Poland) the German discounter has dedicated a 100 sqm stor eto the retailer’s complete DIY product offer Local media reported that the opening of the Parkside store in Biatorbágy was an overwhelming success: hundreds of interested people showed up Lidl said the store is a test and that the Parkside assortment will remain available in stores and online Lidl has been investing in expanding its non-food offerings for some time Parkside is a strategically important private-label brand for the discounter the retailer even hired American actor and politician Arnold Schwarzenegger as the face of the DIY brand This is not the first time Lidl has experimented with separate (pop-up) stores for its private label brands: in June the discounter opened a temporary store in Antwerp city centre to showcase its extensive baby range under its private brand Lupilu the retailer has insufficient space to present the full non-food assortment Contact us: info@rli.uk.com NIO is committed to integrating into Europe's sustainability ecosystem aligning with the continent's green transition goals April 9 (Xinhua) -- In the scenic rural town of Biatorbagy Tibor Soregi's vehicle stands out more than most He is one of the first Hungarians to adopt a state-of-the-art Chinese-made electric vehicle (EV) While an electric vehicle is nothing new in Hungary the badge on the front of Soregi's new car may not be familiar to many local residents owning a futuristic EV manufactured by Chinese brand NIO Soregi enjoys his car even before the model is officially available for sale in Hungary NIO Power Europe has established its first overseas charging point manufacturing facility in Biatorbagy spanning an impressive 10,000 square meters the executive spoke highly of NIO's line of new EVs as well as its state-of-the-art power swap battery technology NIO's EVs differ in their approach to recharging The company offers charging stations which allow vehicle owners to swap depleted batteries automatically through a fully automated system It now operates more than 2,300 of these battery swap stations across the globe Serving as NIO's European center for manufacturing services and research and development for new electric technologies the NIO Power Europe plant rolled out its first battery swap station in September 2022 contributing to local economic development and technological innovation Soregi said NIO is committed to integrating into Europe's sustainability ecosystem The European Union will ban the sale of internal combustion vehicles from 2035 increasing the need for sustainable automotive solutions NIO's Hungarian operation employs nearly 100 local professionals and was honored with the Award for Innovative Product Investment by the Hungarian Investment Promotion Agency (HIPA) in March 2023 Soregi oversees a bustling production line in the workshop capable of producing nine power swap stations simultaneously features efficiency and technological advancement The battery-swap stations are like small cabins that easily accommodate a full-size SUV "One of the advantages of this factory is its crane system installed on the ceiling which facilitates the moving of the heavy parts from different locations." This hands-on approach to innovation is further complemented by the factory's role in cutting logistical costs and streamlining NIO's supply chain stressed the company's integration strategy "Our approach has consistently focused on developing local suppliers and integrating the local supply chain." He said the factory in Hungary is a standard specification for NIO's "unified global layout and local operation." "It improves European users' experience and equips us with strategic leadership skills for further overseas manufacturing in the future." applauded the Chinese brands' arrival in Europe are not only filling up market gaps but are redefining the landscape of the European auto industry as well through innovative technologies and competitive pricing." He praised NIO's pioneering battery-swapping technology which produces high-quality batteries at lower costs consequently making electric vehicles more affordable HIPA's chief Istvan Joo said Hungary as a "connector state" between Eastern and Western technologies aims to deepen economic ties with the East "China represents the most modern technology so we count on further Chinese investments," Joo said