AGP Executive Report
Last update: 9 hours agoIndustry Support: Visegrád ministers want EU funds to help firms cope with high energy costs, including operating expenses, and to treat nuclear power on equal terms with renewables. Manufacturing: Bosch is considering closing its Stowmarket site and consolidating operations in Germany, Hungary and China, putting 90 UK jobs at risk; the proposal could shift activity to Hungary. EV Supply Chains: BYD’s Hungarian plant is due to begin mass production in Q4, while EcoPro BM plans to invest 121.1 billion won in its Hungarian facility as part of a wider battery-materials funding push. Energy: MOL has opened its first biomethane plant in Szarvas, and an EU-funded E.ON grid upgrade is creating room for more wind power. Economic Outlook: Raiffeisen forecasts growth reaching 3.1% in 2028, with investment expected to recover as industrial demand improves and newer car and battery plants ramp up.
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