German car producer Daimler will start serial production at its plant in Kecskemet, central Hungary, in the first quarter of 2012, in line with initial plans, MTI news agency reported quoting information from Napi Gazdasag business daily. All preparations have been going according to schedule. The company has already hired some 2,000 workers and plans to increase the headcount by 500 more. Daimler contracted around a dozen of local companies for car parts supplies, worth EUR 100mn. The car maker started the construction of its EUR 800mn plant in Kecskemet, which should produce class A and class B Mercedes passenger cars, in 2009 and completed it in the autumn of 2010. The plant's annual capacity is expected to stand at 100,000 units. Currently two car producers have plants in Hungary Audi and Suzuki. Audi produced 1.648mn engines and assembled 38,000 cars at its plant in Gyor last year. The Suzukis plant in Esztergom produced 170,000 cars in 2011. |
Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more