Banks deny enhancing profits during wartime
The Hungarian Banking Association denied on Tuesday that the bank sector had enhanced profits during wartime, insisting it had been among those suffering the economic uncertainties caused by the war and had endured the burdens of various government measures "in a disciplined and cooperative ...
Szijjarto, PM hold talks with Mercedes chief, top executives in Stuttgart
Investments by Mercedes-Benz are creating the largest-capacity car-manufacturing plant in Hungary, further strengthening the country's economy and automotive industry, Foreign Minister Peter Szijjarto said after meeting the top executives of the company in Stuttgart on Wednesday.
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.
Liberty Dunaujvaros shuts down coke ovens
Hungarian steel maker Liberty Dunaujvaros has started shutting down its two coke ovens, Indian owner Liberty Steel said on Monday.
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.
LMP activists shut off entrance to Samsung battery factory
Opposition LMP activists have shut off the entrances to the Samsung battery plant in God, north of Budapest.
Hungary has interest in Suzuki’s success, Orbán tells Suzuki CEO in Budapest
Prime Minister Viktor Orbán held talks with Toshihiro Suzuki, the CEO of Suzuki Motor Corporation, in Budapest on Monday, his press chief said.
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.
