Hungary’s customer protection authority has fined low-cost airline Ryanair 300 million forints (EUR 765,000) for “misleading customers through its dishonest business practices”, Justice Minister Judit Varga said on Facebook on Monday.
Battery plant in Debrecen largest ever investment project in Hungary
The largest ever investment project in Hungary will be carried under an agreement signed with Chinese battery producer Contemporary Amperex Technology (CATL) which will set up its second European plant in Debrecen, in eastern Hungary, the parliamentary state secretary of the foreign ministry said ...
Businesses to have option of paying taxes in euros, US dollars
The government has decided to give companies operating in Hungary the option of paying their corporate and business taxes in forints, euros or US dollars, the finance minister said on Saturday.
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China’s NIO to build HUF 5.5 billion battery swap station plant
Chinese automotive industry company NIO announced plans to build a 5.5 billion forint (EUR 13.61m) battery swap station plant in Biatorbagy, on the outskirts of Budapest, on Friday.
Airbus helicopter parts plant inaugurated
European aircraft maker Airbus inaugurated a 2.2 billion forint (EUR 5.4m) helicopter parts plant in Gyula, in south-eastern Hungary, on Thursday.
Mercedes to invest HUF 400 billion in Kecskemet plant
Mercedes-Benz will spend 400 billion forints (EUR 1bn) to add new production lines to its plant in Kecskemet, in central Hungary, Peter Szijjarto, the minister of foreign affairs and trade, said on Thursday.
Government submits small business tax changes
The government submitted its proposed changes to the tax for small businesses (kata) to parliament on Monday.
Palkovics at AmCham: Hungary to continue high-level cooperation with economic players
Hungary's government will continue to cultivate high-level cooperation with economic players, the minister of technology and industry told a business forum of the American Chamber of Commerce (AmCham) on Monday.
ICSID decides in favour of MOL in Croatia arbitration case
The International Centre for Settlement of Investment Disputes (ICSID) has decided in favour of Hungarian oil and gas company MOL in an arbitration case involving the state of Croatia over breach of contract.
EC scrutinises MOL-OMV Slovenija deal
The European Commission on Thursday said it opened an in-depth investigation to assess the planned acquisition of OMV Slovenija by Hungarian oil and gas company MOL.
Szijjarto: Audi to build new electric engine plant
Audi is investing 120 billion forints (EUR 301m) to build a new plant turning out electric motors for Volkswagen Group cars in Gyor, in north-western Hungary, Peter Szijjarto, the minister of foreign affairs and trade, announced on Tuesday.
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China’s NIO to build HUF 5.5 billion battery swap station plant
Chinese automotive industry company NIO announced plans to build a 5.5 billion forint (EUR 13.61m) battery swap station plant in Biatorbagy, on the outskirts of Budapest, on Friday.
Airbus helicopter parts plant inaugurated
European aircraft maker Airbus inaugurated a 2.2 billion forint (EUR 5.4m) helicopter parts plant in Gyula, in south-eastern Hungary, on Thursday.
Battery plant in Debrecen largest ever investment project in Hungary
The largest ever investment project in Hungary will be carried under an agreement signed with Chinese battery producer Contemporary Amperex Technology (CATL) which will set up its second European plant in Debrecen, in eastern Hungary, the parliamentary state secretary of the foreign ministry said ...
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Budapest Airport projects 80-90 percent decline in passenger numbers in autumn, winter
Passenger numbers plunged by more than 90 percent in the first two weeks of September at Budapest's Liszt Ferenc International Airport compared to the same period of last year and a similar decline is expected for the autumn and winter months, Budapest Airport's communications ...
Liszt Ferenc passenger numbers decline 76 pc in 2020
Passenger numbers at Liszt Ferenc International fell 76 percent to 3,859,379 last year as pandemic restrictions weighed, operator Budapest Airport said.
PMI still a little under 50 points in March
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) edged down to 48.7 points in March from 49.0 in February, when it slipped under the 50-point threshold that signals expansion in the manufacturing sector for the first time in five months, the Hungarian Association of Logistics, Purchasing ...
