BMW assures Hungary factory plans unaffected by sector woes

Portfolio
German carmaker BMW has assured Hungary that its investment in a new factory in the eastern part of the country (Debrecen) remains on track, the cabinet said on Thursday, reacting to a German press report that the difficulties are forcing BMW and Daimler to revisit their investment plans also in Hungary.
German newspaper Handelsblatt reported on Sunday that BMW and sector peer Daimler have embarked on billion-euro factory construction projects in Hungary yet both are under review due to a projected fall in demand.When asked about this, Gergely Gulyás, the Prime Minister’s chief of staff, told journalists today that according to information provided by BMW, the downturn in Germany’s automotive sector will not affect the company’s investment project in Debrecen in any way.

In the meantime, Daimler has decided to put off the expansion of its Mercedes-Benz plant in Kecskemét.“I still need to get information about (Daimler), but BMW fully informed us yesterday," Gulyás told a media briefing.

He also noted that in view of the first-quarter GDP data, the cabinet’s full-year growth target appears to be attainable.

And he concurred with László Kövér, Speaker of the General Assembly, that paedophilia can indeed be compared and likened to LGBT adoption, in that both are selfish acts that do not take account of the interests of the child in question.

' title='
Gergely Gulyás, the PM’s Chief of Staff (r) and government spokesman István Hollik hold a media briefing on the PM’s Cabinet Office on 16 May 2019. Photo and cover photo by MTI/ Zoltán Máthé
 

More in Business

July 04, 2025 08:55

French air traffic controllers' strike affects Wizz Air flights

Tens of thousands of travellers are affected

catl
July 03, 2025 12:33

CATL responds to press reports: No layoffs at Debrecen plant

They have even added to staff

July 01, 2025 12:45

Richter receives EC approval for bone health products

A milestone for the company

Globális terjeszkedésbe kezd a Revolut
June 30, 2025 10:30

Revolut grows at breakneck speed in Hungary

Neo-bank reaches 2 million customers in the country

catl
June 26, 2025 17:21

CATL rebuffs news about suspension of Hungarian investment

It's only some rescheduling and technological review

LATEST NEWS

Detailed search