Corporate

Hungary's Competition Office (GVH) on Wednesday announced the launch of a probe of Wizz Air Hungary over check-in practices.

Chinese electric car maker BYD has signed a preliminary agreement to purchase 300 hectares of land outside Szeged, in southern Hungary, to build its first plant in Europe, Peter Szijjarto, the foreign minister, said on Tuesday.

Peter Szijjarto, the minister of foreign affairs and trade, met Hubert Aiwanger, the economy minister of Bavaria, in Munich on Tuesday.

The number of passengers on Wizz Air's Hungary flights rose by 29 percent to 5.2 million last year, the low-cost airline said on Friday.

Predictable partnerships based on mutual respect such as the cooperation between Hungary and Vietnam are all the more important in the current turbulent times, Peter Szijjarto, the minister of foreign affairs and trade, told a Hungarian-Vietnamese business forum in Budapest on Friday.

Audi Hungaria turned out 177,000 cars at its production base in Gyor, in north-western Hungary, breaking a ten-year output record last year, Peter Szijjarto, the foreign minister, said on Facebook on Thursday.

Suzuki Magyarorszag's plant in Esztergom, in northern Hungary, is suspending production between Jan 15 and 21, the company's communications head said on Monday.

Liberty Dunaujvaros, Hungary's biggest steelmaker which is in the process of turning around its business, has restarted its rolling mills, including its hot dip galvanised line.

Most Hungarian companies see an increasing need for sustainable, renewable and alternative energy sources amid the current challenging economic environment, though often intentions and actions were generally grossly mismatched, according to a survey by K and H Bank.

The government has decided to raise the allocation for the Baross Gabor Reindustrialisation Programme, a subsidised credit scheme for businesses, by 200 billion forints to 1,200 billion (EUR 3.1bn), the economic development ministry said on Thursday.