Polish energy group ORLEN on Thursday announced its entry onto the Hungarian market with the takeover of 143 petrol stations.
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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Tourism agency: Government sector support to leave HUF 30 billion with tourism companies
The government's measures to support tourism will leave some 30 billion forints (EUR 73.5m) of taxes with the sector's SMEs in the next 6 months, the head of the Hungarian Tourism Agency (MTU) told a press conference on Tuesday.
Szijjarto: BMW’s Debrecen plant ‘about more than originally announced’
A new announcement can be expected next week in connection with the BMW plant being built in Debrecen, in eastern Hungary, the minister of foreign affairs and trade said in Munich on Friday, adding that the project would be "about more than what was ...
Szijjarto: Hungary meeting point for Eastern, Western car industries
Hungary is the meeting point for the Eastern and Western automotive industries, the minister of foreign affairs and trade said at the inauguration of South Korean chemicals company Chokwang Paint's new plant in Heves, in eastern Hungary, on Thursday.
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.
Banking group slams extension of lending rate freeze
Hungarian banks have warned of a fall-off in retail and corporate lending owing to extra burdens imposed on them by the government.
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.
Government signs strategic partnership with Alstom
The government has signed a strategic cooperation agreement with French engineering giant Alstom, the minister of foreign affairs and trade said on Friday.
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Szijjarto: BMW’s Debrecen plant ‘about more than originally announced’
A new announcement can be expected next week in connection with the BMW plant being built in Debrecen, in eastern Hungary, the minister of foreign affairs and trade said in Munich on Friday, adding that the project would be "about more than what was ...
Polish energy group ORLEN enters Hungarian market
Polish energy group ORLEN on Thursday announced its entry onto the Hungarian market with the takeover of 143 petrol stations.
Szijjarto: Hungary meeting point for Eastern, Western car industries
Hungary is the meeting point for the Eastern and Western automotive industries, the minister of foreign affairs and trade said at the inauguration of South Korean chemicals company Chokwang Paint's new plant in Heves, in eastern Hungary, on Thursday.
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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 ...
