The number of high value-added investments is growing in Hungary, and R&D spending exceeded 1,000 billion forints (EUR 2.7bn) last year, the minister of foreign affairs and trade said on Friday, announcing an investment of German-Japanese machine manufacturer DMG MORI in Budapest. The 4 billion forint investment will be supported by an 870 million government grant, and will create 50 jobs in a research and development project focusing on developing a software for machine manufacturing, Péter Szijjártó said.
The contents of this website are no longer being updated. You can access all the latest Hungarian news in English formerly featured on the Hungary Matters website and daily newsletters at our refurbished mti.hu portal.
The must-have newsletter about Hungary