German supermarket chain Lidl’s new logistics hub in Ecser, near Budapest, has been completed as part of a 36 billion forint (EUR 100m) project that received government support of 1.2 billion, Foreign Minister Peter Szijjarto said on Friday, adding that the investment is creating 413 jobs.
Szijjarto: Government continues to support Hungarian companies’ expansion abroad
The government continues to support the expansion of Hungarian companies abroad, as a means to boost economic cooperation with neighbouring countries, Peter Szijjarto, the minister of foreign affairs and trade, said in Miercurea Ciuc (Csikszereda), in central Romania, on Friday.
BMW’s Debrecen plant to be world’s first running fossil-free
The world's first car plant to operate solely from renewable energy will soon be up and running in Debrecen.
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PMI climbs to 58.9 in April
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 58.9 points in April from 57.6 in March, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday.
MVM becomes sole universal energy provider
State-owned energy company MVM has completed a deal to acquire 100 percent of E.ON Aramszolgaltato, German-owned E.ON's local electricity distributor for the regulated retail market, making it the only universal provider on the natural gas and the electricity market.
Kuria orders Nitrogenmuvek to pay HUF 11 billion cartel fine before appeals are exhausted
The Kuria, Hungary's supreme court, has decided that Nitrogenmuvek, the country's sole producer of artificial fertiliser, must pay an 11 billion forint (EUR 30m) Competition Office (GVH) fine before the company uses up its chances for legal recourse, GVH said on Friday.
PMI climbs to 57.6 in March
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 57.6 points in March from 53.8 in February, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Friday.
Szijjarto: TDK’s HUF 26 billion investment to create 250 jobs
Japanese electronic car-parts manufacturer TDK is investing 26 billion forints (EUR 70.0m) into setting up a plant manufacturing sensors to electric cars in Szombathely, in western Hungary, the minister of foreign affairs and trade said on Monday.
Szijjarto: MOL propylene plant largest investment in Hungary this year
Peter Szijjarto, the minister for foreign affairs and trade, on Wednesday attended the cornerstone ceremony of a propylene plant of MOL Petrolkemia in Tiszaujvaros, in eastern Hungary. The 65 billion forint (EUR 174.5m) project is the largest investment by a Hungarian company so far ...
Central bank withdraws Sberbank Hungary licence, orders lender wound up
The National Bank of Hungary (NBH) has said it withdrew the lending licence of Russian-owned Sberbank Hungary because of its "serious liquidity and capital situation" amid international sanctions against Russia and ordered the credit institution to be wound up.
MVM to acquire E.ON regulated market electricity distributor
State-owned energy company MVM on Thursday announced an agreement to acquire 100 percent of E.ON Aramszolgaltato, German-owned E.ON's local electricity distributor for the regulated retail market.
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Szijjarto: Government continues to support Hungarian companies’ expansion abroad
The government continues to support the expansion of Hungarian companies abroad, as a means to boost economic cooperation with neighbouring countries, Peter Szijjarto, the minister of foreign affairs and trade, said in Miercurea Ciuc (Csikszereda), in central Romania, on Friday.
BMW’s Debrecen plant to be world’s first running fossil-free
The world's first car plant to operate solely from renewable energy will soon be up and running in Debrecen.
PMI climbs to 58.9 in April
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 58.9 points in April from 57.6 in March, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday.
Most commented articles Corporate
Rolling jobless rate 4.6 pc in Jun-Aug
Hungary's three-month rolling average jobless rate was 4.6 percent in June-August, edging down 0.2 percentage point from the previous period, the Central Statistical Office (KSH) said.
Minimum wage could rise by 4 percent from February
The Ministry of Innovation and Technology (ITM) will put together a draft agreement which could see the minimum wage increased by 4 percent from the start of February, two members of VKF, a forum of employers, unions and the government responsible for wage talks ...
Jobbik MP: ‘Mercenaries’ in steelmaking town pose ‘national security risk’
An opposition Jobbik lawmaker who heads parliament's national security committee, referring to reports of "mercenaries" intimidating locals in the town of steelmaking town of Dunaujvaros, in southern Hungary, has said their actions carried both national security and economic risks worthy of investigation.
