Comment by locknitpicker

10 days ago

Hungary's Orban has been in power for how long? 16 years and counting? Is Hungary a paragon of growth and strategic planning?

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locknitpicker

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joe_mamba  10 days ago

>Is Hungary a paragon of growth and strategic planning?

Kinda, yeah. Foreign investors love doing business with dictators due to guaranteed stability versus the political pendulum swinging every 4 years.

HEnce why more manufacturing is opening in Hungary.

  BMW: Opened a new, fully electric vehicle plant in Debrecen in September 2025, with series production of the BMW iX3 starting in late October 2025.

  Mercedes-Benz: Announced expansion of its Kecskemét plant to start producing the A-Class model in 2026, further solidifying its presence in Hungary where it already manufactures other models. 

  BYD: The Chinese EV maker is building its first European production facility in Szeged, with operations set to begin by the end of 2025 or early 2026. The €4 billion plant will initially produce tens of thousands of vehicles annually, focusing on EVs for the European market. 

  CATL: The world's largest battery manufacturer is constructing a massive plant in Debrecen, expected to start production in early 2026. This supports Hungary's EV ecosystem, supplying batteries to automakers like BMW. 

  Flex (Flextronics): Inaugurated a new high-tech "NextGen" plant in Zalaegerszeg in November 2025, worth 35 billion HUF (about €90 million). It focuses on electronics and components for the automotive industry, creating 210 jobs in research and production.