Automotive Sector Poised for Major Expansion with Bosch Investment [Video]

Hungary’s economy is set for visible growth in 2025, with significant contributions from the automotive industry. This development is largely driven by investments such as the HUF 46 billion (EUR 111.7 million) project from Bosch, creating electric steering gear at its new plant. Supported by a HUF 10.5 billion (EUR 25.5 million) state investment, the project is expected to enhance job creation in Heves County, where Bosch has already made substantial contributions to the local economy.

Minister of Foreign Affairs and Trade Péter Szijjártó noted that the company was laying another solid foundation for Hungary’s economic performance. “Another guarantee that next year we will be able to achieve tangible and visible economic growth,” he highlighted, adding that Hungary’s success is tied to its robust supplier base, especially in the electric vehicle sector.

The country is now one of only three globally where all three major German premium car brands—Mercedes, BMW, …