Hungarian automotive industry: week 35 2018 edition
New Audi model enters production, Rába reports on growing revenues, BMW to boost house prices in Debrecen. Read our recap of what last week brought in Hungary’s automotive sector.
Audi has launched serial production of the Audi Q3 in Győr. This is the fifth Audi model to be manufactured in Hungary.
Rába reported on HUF 640 million in revenues after taxes, driven by the growth of their vehicle parts division, according to the company.
“We can talk about two cleanroom technologies: one of them housing the production and assembly of dashboard panels in near-medical conditions, while the other being SMT, where the electronic panels of aerials are manufactured.
"We have made a move towards cleanroom technologies in order to be capable of manufacturing nearly every product type,” Shinwa Precision Hungary Kft. head Zsolt Bottyán told us in an interview.
In the second quarter this year, the volume of investments grew 15.3 percent in Hungary despite a decrease in automotive projects.
In the second quarter, there were 166,000 unemployed people in Hungary.
“Several of our cluster members are already Tier 1 or Tier 2 suppliers of BMW. Of course, sometimes you hear that these plants do not event want Hungarian suppliers.
"In my experience this is not true, they indeed favour partnerships with companies in their vicinity with adequate capacities and production quality,” Tamás Csabai, cluster manager of NOHAC, said in an interview.
The labour shortage in Central European economies in the EU is slowing down the growth of region’s economies, the Financial Times wrote in an analysis of the region. They see a general struggle for manpower.
September 1st saw the launch of the digital welfare loan scheme (djh), allowing small and medium-sized businesses to apply for interest-free loans for digital development.
The university in Győr has launched a scheme to reduce the number of drop-outs after seeing up to 50 percent drop-out rates in the first year of certain courses.
“A test run involving 1,000 drivers and in total 100 special-built autonomous cars is about to launch in several European countries. With a diverse data pool and new findings, the test will most likely give fresh impetus to regulating the technical, legal and other issues arising in the field of automated driving,” Csaba Nyalka, associate at law firm DLA Piper Horváth és Társai Ügyvédi Iroda, told us in an interview.
In the next year, a 5-7 percent increase is expected in the real estate market in Debrecen, following the announcement of BMW’s latest investment, and a more severe price boom is expected in the final 3 months before the plant’s opening.
