Business

BMW Group invests in Hungary, Opens a New Plant Near Debrecen

The BMW Group is expanding its manufacturing network in Europe, in the framework of which it will open a new plant in Hungary, near Debrecen. Through the investment of EUR 1 billion, the new factory will have a capacity for of 150,000 vehicles a year, in the meantime creating more than 1,000 new jobs. Quite understandably, references so far have been made to the Bavarian company as an “invisible factory”, since only last year the components and services it procured from Hungarian suppliers totalled more than EUR 1.4 billion. The cooperation, however, is now taken to a higher level.
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The New York office of Magyar Nemzeti Bank is officially opened

The opening ceremony of the New York representative office of the Magyar Nemzeti Bank, the central bank of Hungary took place in New York on 16 May. The event began with the opening speech of Deputy Governor, Márton Nagy following the welcome remarks of Consul General of Hungary in New York, Ferenc Kumin.
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American Airlines Launches Service to New European Destinations

The inaugural flights to Prague and Budapest serviced by American Airlines departed PHL after a celebration on May 4 2018.
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LOT Polish Airlines Has Launched Air Service Between Budapest and New York, Chicago

LOT introduced the first non-stop long-haul connection between Budapest and New York City. The Polish air carrier is responding to the enormous demand for non-stop flights between Hungary and the cities in North America.
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