Tag: germany

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FAG launches EUR 78 mn bearing plant in Hungary

January 17, 2019, 3:27 pm
FAG, part of Germany’s Schaeffler Group, a global automotive and industrial supplier, has set up a 25 billion forint (EUR 77.78 mn) bearing plant in Debrecen, Hungary, creating 500 new workplaces.... 

Another German company to set up shop in Hungary

July 17, 2018, 1:38 pm
Krones AG, a Germany-based designer, developer and manufacturer of processing, packaging and bottling machines and systems, is to build its second European plant in Debrecen, eastern Hungary, Krones Hungary... 

Hungary needs not to fret about drastic German ideas

February 26, 2018, 3:29 pm
The EU Treaty would not let Hungary and Poland to be denied the payment of structural funds beyond 2020 despite concerns over their rule of law deficiencies and refusal to take in refugees. There are two... 

Commerzbank Q4 profit greatly beats expectations

February 8, 2018, 9:11 am
Germany’s Commerzbank recorded way better results in the fourth quarte of 2017 than what the market expected. Chief Executive Martin Zielke said the first year of the bank’s multi-year strategy... 

Hungary's Orbán talks Putin, Merkel, refugees with German paper

January 15, 2018, 2:23 pm
The European Union must help the refugees but you cannot help the world by ruining your own people, Hungary’s Prime Minister Viktor Orbán told German newspaper Welt am Sonntag in an interview published... 

Massive job cuts planned by Siemens may benefit Hungary

October 20, 2017, 8:58 am
Siemens AG is starting what could be its largest round of job cuts in at least two years and may close several sites as part of a reorganization plan, people familiar with the matter said. The downsizing... 

Germany no longer transfers asylum seekers back to Hungary

August 29, 2017, 5:18 pm
For the time being, Germany stopped sending asylum seekers back to Hungary, German press reported on Tuesday. Public television ARD was the first to report that opposition party Die Linke said in a written... 

40 Spar stores sold in Hungary

July 10, 2017, 9:01 am
TREI Real Estate, the real estate investment arm of the Germany’s Tengelmann Group, has sold a portfolio of 40 Spar leased supermarkets to Erste Asset Management in Hungary. This was the largest... 

Bosch sells Starter and Generator business to Chinese consortium

May 3, 2017, 8:26 am
China’s Zhengzhou Coal Mining Machinery Group (ZMJ), an industrial group that produces auto components and coal mining machinery, and CRCI (China Renaissance Capital Investment), a private equity... 

Angela Merkel warns Hungary's Orbán in clash over CEU

April 6, 2017, 8:51 am
German Chancellor Angela Merkel’s government warned Hungary against obstructing democracy with a law that threatens to shutter Central European University, founded by George Soros, renewing tension... 

Angela Merkel sends message to Hungary's Orbán

January 27, 2017, 2:06 pm
“The European Union is facing serious internal and external challenges that we can only master by working," German Chancellor Angela Merkel said in Berlin on Friday after meeting French President... 

German Vice-Chancellor Gabriel condemns corporate tax cut in Hungary

December 19, 2016, 6:13 pm
Germany’s Vice Chancellor Sigmar Gabriel has spoken out against the economic policy line adopted by “certain Eastern European countries" that seek to improve economic competitiveness by lowering... 

Hungary's Orbán made a secret deal with Angela Merkel?

September 30, 2016, 9:35 am
Hungary is subject to several sensitive EU procedures the government considers to be serious, but in the case of the most crucial matters the cabinet hopes to gain Germany’s backing, Hungarian daily... 

We have not come together against Merkel - Hungarian PM Orbán

March 4, 2016, 2:23 pm
Hungary’s Prime Minister Viktor Orbán and Bavarian State Prime Minister Horst Seehofer had a meeting in Budapest on Friday and held a joint press conference afterwards. The PM kicked off the presser... 

Hungary chosen for two automotive industry projects by Germany - Szijjártó

February 26, 2016, 5:14 pm
Two new investments projects worth 10 billion forints are to be launched by Germany companies in the automotive sector in Kecskemét, Hungary, announced Minister of Foreign Affairs and Trade Péter Szijjártó... 

Thyssenkrupp to build EUR 100 mn car parts plant in Hungary

February 23, 2016, 1:53 pm
German technology group thyssenkrupp has announced on Tuesday the construction of a new automotive components plant in Hungary, investing around 100 million euros in a new production site for engine components... 

German EcoMin: EU member states w/o solidarity in refugee crisis risk losing funds from bloc

September 18, 2015, 11:34 am
Countries that do not share European values of human empathy and solidarity cannot count on receiving money from the bloc, German Economy Minister Sigmar Gabriel warned in an interview with the newspaper... 

Hungary risks losing EU funds if it rejects migrant relocation quotas

September 15, 2015, 11:29 am
Germany said on Tuesday it approves of using EU aid funds to pressure member states into accepting binding quotas to relocate 120,000 refugees, after several eastern countries refused the migrant distribution... 

Restriction of free movement of people in EU can hurt Hungary too

September 14, 2015, 2:16 pm
The management of the migrant crisis engulfing Europe demands a series of extraordinary measures by European countries, such as the temporary re-imposing of border controls which is allowed under the Schengen... 

Austria should also re-instate border controls - Foreign Minister

September 14, 2015, 10:03 am
Austria should follow in Germany’s footsteps and re-instate border control in order to avoid the current refugee crisis to lead to “terrible consequences", the country’s Foreign Minister... 
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