EC blocks state aid for car parts investment in Hungary

The European Commission on Tuesday said it found that Hungary's plans to grant 43.8 million euros in state aid for a vehicle parts plant in the underdeveloped north of the country were not in line with European Union rules on state aid.

PM in talks with European business leaders

Prime Minister Viktor Orbán met leaders of the European Round Table for Industry in his office as part of preparations for Hungary's upcoming EU presidency, the prime minister's press chief said in a statement on Tuesday.

More News

Car manufacturers, suppliers creating ‘upward spiral’, minister says

The investments of automotive suppliers are drawing manufacturers to Hungary and vice versa, creating an "upward spiral" in the Hungarian economy, Peter Szijjarto, the minister of foreign affairs and trade said on Thursday, receiving an award at an event organised by the subsidiaries of ...

Magnus Aircraft starts building factory in China

Factory units of Hungarian-owned company Magnus Aircraft will be structurally complete near Wuxi, in south-eastern China, by October, enabling the company to start producing aircraft not only in Hungary but also in China, the company said on Tuesday.

Szijjarto: TDK investing HUF 26 billion in Szombathely

TDK could create 250 jobs with a 26 billion forint (EUR 67m) investment in Szombathely, western Hungary, Peter Szijjarto, the minister of foreign affairs and trade, said at the inauguration of a building at the Japanese-owned company's base in the city on Friday.

Most read articles Corporate

Szijjarto: TDK investing HUF 26 billion in Szombathely

TDK could create 250 jobs with a 26 billion forint (EUR 67m) investment in Szombathely, western Hungary, Peter Szijjarto, the minister of foreign affairs and trade, said at the inauguration of a building at the Japanese-owned company's base in the city on Friday.

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 ...