Lawmaker: Dunaferr electricity supplies secure

Electricity supplies for steelmaker ISD Dunaferr will be guaranteed for a temporary period thanks to a government decree instructing the electricity operator not to disconnect a supplier from the grid, a ruling Fidesz lawmaker has said.

BMW raises investment in Debrecen plant

German carmaker BMW is adding a battery assembly plant to its electric vehicle factory being built in Debrecen, in eastern Hungary, bringing its investment in the project to 800 billion forints (EUR 2bn), the minister of foreign affairs and trade said on Friday.

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Wizz Air joins EC’s zero-emission aviation initiative

Hungarian low-fare carrier Wizz Air on Wednesday said it joined the Alliance for Zero-Emission Aviation (AZEA), a voluntary initiative launched by the European Commission to pave the way for next-generation sustainable aircraft.

Chamber calls for rate freeze, repayment moratorium for firms

The Hungarian Chamber of Commerce and Industry (MKIK) has requested that the government should consider freezing the rate on corporate loans between 5-10 percent and introducing a repayment moratorium for existing floating-rate loans "as long as the economic situation warrants".

Sberbank depositors to be fully compensated

Clients of Sberbank will receive the full sum they had deposited at the Russian-owned bank, the deputy governor of the National Bank of Hungary (NBH), Csaba Kandracs, told news channel M1 on Monday.

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Construction sector contraction slows in August

Output of Hungary's construction sector fell by an annual 13.6 percent in August, an improvement after a 21.0 percent decline in the previous month, data released by the Central Statistical Office (KSH) on Friday show.

Unemployment at 4.3 percent in December

Hungary's three-month rolling average jobless rate was 4.3 percent in December, edging up 0.2 of a percentage point from the previous month, the Central Statistical Office (KSH) said on Thursday.

Jobless rate falls to 4 percent

Hungary's jobless rate fell to 4 percent in March, down 0.5 percentage point from the previous month, but climbing 0.4 percentage point from twelve months earlier, the Central Statistical Office (KSH) said on Wednesday. The rate covers unemployment among people between the ages of ...