* CeeInd - Opportunities for Finnish Companies in Poland > Skanska to Modernize Railway in the Czech Republic > Compal Electronics to Establish Manufacturing Plant in Poland > SCM Announces the Launch of SCM Adria Subsidiary in Slovenia > Japan's Toppan Begins Construction on New Czech Republic Plant > Arburg Expands Footprint in South Eastern Europe with New Romanian Subsidiary > Josera to Hire 100 Employees for New Pet Food Factory in Poland > Žito Completes EUR 9 Million Renovation of Maribor Bakery > Valmet to Deliver New Production Line to Velvet CARE Paper Mill in Poland > Czech Pet Food Group Revamps Nordic-Inspired Dog Food Brand Packaging > Grove All-Terrain Crane Enhances Karmax Fleet in Poland > Maxcess Expands Manufacturing with New Facility in Poland > Onsemi Announces $2 Billion Expansion of Chip Production Facility in Czechia > Sinoboom to Manufacture MEWPs in Poland for European Market > EBRD Commits €25 Million to V4C Poland Plus Fund II > Nearshoring to Poland and Other CEE Countries: A Strategic Move for European Businesses > Koskisen Expands Kore Business in Poland with EUR 3 Million Investment > Onsemi Commits $2 Billion to Expand Czech Republic Semiconductor Facility > Crane ChemPharma & Energy Expands to Arad with New Lease in Industra Park > VW-Backed Gotion and InoBat to Establish EV Battery Plant in Slovakia > Wacker Chemie AG Begins Construction of New Silicone Production Facility in Czech Republic > ... CeeInd - ''The leading Industrial Portal dedicated to the Growth market of Central and Eastern Europe >LG Energy Solution Wrocław Marks 5 Years: Powering Poland's Lead in EU Electric Vehicle Battery Market > Outlook on Central Europe's Polymer Industry for 2024: A Review of the 2023 Landscape > Etron Technology Selects CTPark Oradea for New Romanian Production Facility: Expanding European Presence > Central and Eastern Europe: Emerging as a Key Player in the Global Supply Chain Transformation > TRILUX Group and Panattoni Break Ground on First Eco-Friendly Lighting Factory in Central and Eastern Europe > Hyundai Motor Co. Confirms Advancement of New Car Manufacturing Plant in Eastern Czech Republic, CTK Reports >Poland Emerges as Finland's 7th Largest Global Export Partner in 2023 > Prague Set to Transform Historic Strahov Stadium into a €400 Million Tech Hub > Walki Set to Boost Employment and Expand Eco-Friendly Packaging Production in Wrocław > Biovoima expands to Poland > Trasmec Group Expands with State-of-the-Art Romanian Production Facility: A Leader in Conveyor Systems Manufacturing > GLP Plans Major Expansion at Wrocław Logistics Hub, Strengthening Central Eastern Europe's Supply Chain Infrastructure > Expanding Telecom Frontiers: HFCL Launches New Optical Fiber Cable Plant in Poland to Power Growth in Central Eastern Europe > Shanghai Unison Aluminium Invests €35 Million in New Bulgarian Automotive Plant Near Plovdiv > Rail Cargo Group Expands European Network with New Routes to Germany and Turkey via Romania > Nestlé Purina Enhances Pet Food Manufacturing in Hungary with Significant Investment > Estonia: Billion-Euro Green Methanol Plant in Pärnu: Power2X's Investment Sparks Poland Emerges as Finland's 7th Largest Global Export Partner in 2023 > Sustainable Energy Revolution > Borealis Expands Recycling Capacity with Acquisition of Bulgarian Specialist Integra Plastics > The Polish Construction Market Sees Notable Growth in Early 2024 > MR DIY Set to Launch Its Entry into the Polish Market with New Logistics Hub in Central Europe > Romania Boosts Recycling Industry with €200 Million in Grants Scheduled for May > Ussuri Capital to Launch Advanced Steel Manufacturing Facility in Romania with a Focus on Low-Carbon Production > Incap Slovakia Enhances Electronics Manufacturing with Advanced Machinery in CEE > Atlantic Stark Announces Factory Expansion in Belgrade: Boosting Confectionery Production and Growth in CEE > Kumho Tire Targets European Expansion with $750 Million Investment for New Plant > Vestas Announces Strategic Expansion with Second Offshore Wind Factory in Poland for 2026 > Mondi Boosts Slitting Capabilities in Slovakia, Strengthening CEE Product Range > Nokian Tyres investment in Romania to help support growth in CEE Market > Maxcess's New Operational Hub in Łubowo, Poland Elevates Manufacturing and Sustainability in Central Europe > Thimm Allocates €10m for Enhanced Operational Efficiency and Production in Poland > POSCO International Launches EV Parts Factory in Poland: A Strategic Move for Green Mobility and Investment Surge in CEE > ZF Inaugurates Pioneering Zero-Emission Manufacturing Hub in Klášterec, Czech Republic > Nexen Tire Gears Up for Major Expansion in Czech Plant, Eyes Production Boost > Expanding Horizons: Samsung SDI Boosts CEE Presence with Third Factory in Hungary for Advanced EV Batteries > Finland's Renta Group Expands into Polish Market with Acquisition of Scaffolding Group > 3 different 2024 Economic Growth Predictions for Poland > Windar Renovables Announces EUR 70 Million Investment in New Polish Factory for Wind Energy Infrastructure > Northvolt Expands in Gdańsk with New Business Scaling and R&D Centers > Polish Government Awards Aira EUR 15M for Advanced Manufacturing Facility > Drutex Launches EUR 183M Project for Second Manufacturing Plant Expansion > Cemex Launches Revamped Concrete Facility in Czech Republic > LDZ Cargo Advances in Baltic Region with Expansions in Estonia and Lithuania > Poland: InvestEU - EIB supports Protix in scaling up its sustainable protein production > Poland Boosts SME Support with EIB Group and Europejski Fundusz Leasingowy Partnership > Bulgaria's Agria Group Secures €35 Million EIB Loan for Eco-Friendly Sunflower Oil Plant > BMW's New Hungarian Facility Advancing Smoothly, Minister Szijjártó Discusses Progress > Oonly Launches Innovative Bottling Facility with Groundbreaking refPET Technology > Taiwan CEE Credit Fund supports Inventec to expand in Czech > Poland's Top Construction Firms Achieve Record Revenues in 2023 Amid Industry Challenges and Growth Opportunities > EBRD and EU support frozen pastry producer in Georgia > Hellweg Expands to Poland with Flexal Group Partnership, Capitalizing on Rising Demand in Plastic Recycling Machinery > IMA Schelling Boosts Automation Offerings with Key Acquisitions of Carmet Automazioni and Blumenbecker Engineering > Romanian PVC Manufacturer Barrier Announces New EUR 2M Factory Launch to Accelerate Global Expansion > Audi Hungaria Sets New Production Record in 2023, Surpassing Decade Milestone at Győr Plant > Voith Revamps Schumacher Packaging’s PM 2 Line in Myszków, Poland, Setting New Standards in Sustainable Production > SCM Launches New Subsidiary in Slovenia, Strengthening Market Presence in the Balkans > Czech company Plastigram to invest 8M EUR in Poland > EBRD and Raiffeisen Bank Enhance MSME Financing in Kosovo with Innovative €20 Million Guarantee Program > Taiwan and Czech Republic Sign MOU to Boost Economic and Cultural Cooperation > Mr. DIY Partners with CEE Countries for Expansion into Central and Eastern Europe > EBRD Partners with Eurowatt for Expansion of Wind Energy Projects in Poland > India and Czech Republic Forge Strategic Innovation Partnership for Growth in Central Europe > Korean tyres at CTP Czech > Taiwan and Poland Enhance Bilateral Ties: Economic, Cultural, and Technological Cooperation on the Rise > Viking Johnson distributors in CEE > danish Shape Robotics Acquires Polish Tech Firm Skriware to Enhance STEAM Education Offerings > Pulse Roll Label Products Expands European Operations with New Factory Opening in Poznań, Poland > Polar Night Software Partners with Renta Suomi to Develop Innovative Applications in the Baltic Region > Sandvik Names Volvo as Official Distributor of Mobile Equipment in Poland > PepsiCo invests $13m in soft drinks line in Romania > Rohlig SUUS Logistics Establishes Its Premiere Storage Facility in Slovakia > Budimex of Poland Spearheads Construction of €3.7 Billion High-Speed Rail in Latvia > Inteva, a Leading Global Automotive Supplier, Inaugurates Advanced Production Center in Czech Republic > UPM’s WISA plywood products distributors and dealers in CEE > EBRD Provides RON 400 Million Loan to Delgaz Grid in Romania for Energy Development > Balluff Enhances Logistics Operations with Consolidated Warehousing in Hungary > Poland Secures €5 Billion in Loans from European Investment Bank > Wood Stove to Eco-Friendly Heating System funding for CEE from the EBRD > Bunzl plc, a Global Specialist in Distribution and Services, Expands into Poland and Strengthens Presence in the Netherlands > Hirsch Servo Expands with Czech Injection Moulding Firm Renostav Acquisition > BYD Expands into Europe with New Automotive Plant in Hungary > Logicor Initiates Its Maiden Logistics Park Project in Czech Republic > EBRD's €25 Million Investment in Pelion Group Boosts Growth in Pharmaceutical Distribution in Poland and Baltic States. > Jacobs Douwe Egberts to Build €140 Million State-of-the-Art Coffee Plant in Jawor, Poland > CAREL Announces Expansion with New State-of-the-Art Plant in Labin, Croatia > Hengst Filtration Purchases Former IAC Site Near Ford Plant in Romania for Air Filter Production > Umicore and PowerCo's €1.7 Billion Joint Venture: Pioneering CAM Production Plant in Poland's Wałbrzych Economic Zone > EBRD Grants €15M to ECSO for Eco-Friendly Plastic Recycling in Lithuania > JLR Announces Plan to Shift EV Production to its Nitra Plant in Slovakia by 2030 > Logicor Initiates Its Maiden Logistics Park Project in Czech Republic > Poland Leads EU in Candle Exports: Dominating the European Market in 2022 > EBRD and Italy Boost Moldova's MSMEs with Strategic Financial Support > Molex Expands Polish Operations with Third Advanced Manufacturing Campus in Katowice > SoftServe Expands into Romania with New Bucharest Headquarters and Significant Employee Growth modify >
Język
Wyszukiwanie A-Z
ABCDEFG
HIJKLMN
OPQRSTU
VWXYZ0-9
Wyszukaj:
Menu

Follow ceeind on Twitter

Tecnolegno s.r.l.

C. Otto Gehrckens

Raute Oy

Maschinenfabrik Berthold Hermle AG



TRAUB DREHMASCHINEN GmbH

Soco System GmbH


Country Profile
Wstecz

Hungary traces its history back to the Magyars, an alliance of semi-nomadic tribes from southern Russia and the Black Sea coast that arrived in the region in the ninth century. After centuries as a powerful medieval kingdom, Hungary was part of the Ottoman and then Habsburg empires from the 16th century onwards, emerging as an independent country again after World War I.

The Hungarian language belongs to the Finno-Ugric family and is one of the handful of languages spoken within the European Union that are not of Indo-European origin.

A landlocked country, Hungary is home to Lake Balaton, the largest in central Europe, and to a large number of spa towns and hot springs.

It has especially rich traditions in folk and classical music and was the birthplace of numerous outstanding performers and composers, including Franz Liszt, Bela Bartok and Zoltan Kodaly.
Vinyard in Hungary's Tokaj area Hungary's most prized wine comes from the Tokaj region
Continue reading the main story   
At a glance

    Politics: Prime Minister Viktor Orban's centre-right Fidesz party won a two-thirds majority in parliament in 2010
    Economy: Hungary has a serious public debt problem and has turned to the EU and IMF for loans
    International: Hungary joined NATO in 1999 and the EU in 2004. There have been tensions with the EU over legislative changes which critics say undermine democracy

Country profiles compiled by BBC Monitoring

Hungary became co-equal partner with Austria in a dual monarchy in the mid-19th century after an unsuccessful revolt against the Habsburgs in 1848. After a period of turmoil following World War I, an independent kingdom of Hungary was established under the authoritarian regency of Admiral Miklos Horthy.

The redrawing of European borders that took place after World War I left about five million ethnic Hungarians living in neighbouring countries. Their status remains a sensitive issue and has complicated Hungary's relations with its neighbours.

Following World War II, in which Admiral Horthy had allied himself with Germany, Hungary fell under communist rule. An uprising in 1956 was crushed by Red Army forces, but Hungary did later become the first Eastern European country to gain some economic freedom.

Hungary played an important part in accelerating the collapse of communism across Eastern Europe when it opened its border with Austria in 1989, allowing thousands of East Germans to escape to the West. Just a few months later the Berlin Wall was history.

Hungary's post-communist economic transition was achieved relatively smoothly. Within four years of the collapse of communism nearly half of the country's economic enterprises had been transferred to the private sector, and by 1998 Hungary was attracting nearly half of all foreign direct investment in Central Europe.

Ten years later, the picture looked rather less rosy. A high level of both private and state borrowing left the country particularly vulnerable to the credit crunch of 2008, and in October of that year the government was forced to appeal to the International Monetary Fund and the European Central Bank for massive loans in a bid to stave off economic collapse.

Dissatisfaction with the centre-left coalition government's handling of the economy from 2002 to 2010 coincided with the rise of the right-wing nationalist party Jobbik, known for its anti-Semitic and anti-Gypsy rhetoric, and a move to the authoritarian right by the Fidesz party, which won the 2010 election.