Ganz Ábrahám Vocational Secondary School wins Techtogether Junior: week 46 2019 edition
National Instruments inaugurates HUF 5.5 billion investment in Debrecen. Daimler hints on cost reduction scheme to involve layoff of Mercedes-Benz employees. Let’s recap what last week brought in Hungary’s automotive sector.
Autopro-organized Techtogether Junior, a student competition for secondary schools, was won by Ganz Ábrahám Vocational Secondary School of Zalaegerszeg.
Károly Szabó, the chancellor of Zalaegerszeg Vocational Centre, said in his opening speech that rather than lexical knowledge, the competition promotes collaboration, creativity, fundamental traits that also have an effect on participation.
József Bódis, the Ministry of Innovation and Technology’s minister of state for knowledge and innovation management, said afterwards that Zalaegerszeg has been long providing an ideal environment for the development of public, vocational and tertiary education.
National Instruments (NI) has inaugurated the new facility of its service centre in Debrecen. Set to create 216 jobs, the company’s HUF 5.5 billion investment received a HUF 2.5 billion non-refundable aid from the Hungarian government.
The Mercedes-Benz Reform 501 LE, a product of ITK Holding Zrt. subsidiary Inter Traction Electrics Kft., has won the “Commercial Vehicle of the Year” award based on a reader poll after receiving the highest number of votes in the category of city/suburban buses.
Caadex Kft., a company engaged in the manufacturing of steel structures and metalworking activities, has invested nearly HUF 960 million in the expansion of production capacities at its Mindszentgodisa site, half of which subsidised from European Union funds.
Toolex Kft., a manufacturer of drill chucks, has completed a nearly HUF 1 billion investment that was supported with a HUF 470.68 million subsidy from European Union funds, complemented from the company’s own loan-free resources.
The Rába Group has reported on a group-level loss of more than HUF 429 million in the third quarter of 2019, a significant drop from the HUF 7 million recorded last year.
As a result, in the third quarter the company’s net losses increased by 32.7 percent year on year to HUF 425 million.
Daimler is planning to save costs via laying off employees at its Mercedes-Benz plants to offset the effects of stricter emission regulations projected for the 2020-2021 fiscal period. By reducing staff expenses, Mercedes-Benz is expecting to save €1 billion by the end of 2022.
Energetics provider Alteo reported on a 41 percent year-on-year increase in its consolidated turnover from HUF 12.8 billion to 17.9 billion in the first three quarters of 2019, and an EBITDA growth of 140 percent from HUF 1.1 billion to 2.8 billion.
Záhony will be connected with mainland China, as a logistics cooperation agreement between MÁV-REC Kft. and the China-based Central European Trade and Logistics Cooperation Zone has been signed at Hungarian embassy in Beijing in the presence of innovation and technology minister László Palkovics.
ÖBB RCG, the commercial branch of the Austrian railway company ÖBB is establishing a new railway connection between Wels, Vienna and Budapest. This is a major step forward in international railway transport as not only does the new route connect Austria and Hungary but also the entire Northern European region with South Eastern Europe and the Asian territories of Turkey.
The Hungarian bus transport company has announced to buy 352 new Hungarian-developed buses. The purchase agreements have been signed by Volánbusz CEO Ilona Dávid and István Krankovics on behalf of winning bidder Kravtex Kft.
A new racing circuit is to be built in Eastern Hungary. The planning process of the new arena, designed to cater to all branches of motorsports save Formula 1, is about to begin in Nyíregyháza.
Hungary’s vocational education system is about to be transformed in both its curriculum and methodology: benefits will be given on the basis of education grants and work contracts, while the legal status of educators will also change. A draft has already been completed, while detailed debate on the vocational training act began last week.
A government scheme supporting building energetics development projects of SMEs is about to begin. Businesses may apply for non-refundable financial support of between HUF 3 million and 100 million from a total budget of HUF 20.4 billion. Micro, small and medium-sized enterprises can start submitting applications on November 11th.
