Corporate

Peter Szijjarto, the minister for foreign affairs and trade, on Wednesday attended the cornerstone ceremony of a propylene plant of MOL Petrolkemia in Tiszaujvaros, in eastern Hungary. The 65 billion forint (EUR 174.5m) project is the largest investment by a Hungarian company so far ...

The National Bank of Hungary (NBH) has said it withdrew the lending licence of Russian-owned Sberbank Hungary because of its "serious liquidity and capital situation" amid international sanctions against Russia and ordered the credit institution to be wound up.

State-owned energy company MVM on Thursday announced an agreement to acquire 100 percent of E.ON Aramszolgaltato, German-owned E.ON's local electricity distributor for the regulated retail market.

The Hungarian state will acquire 45 percent stakes in insurers Aegon Biztosito and Union Biztosito, Finance Minister Mihaly Varga said on Monday after signing the deal on the acquisition with representatives of Vienna Insurance Group (VIG).

German engineering giant Bosch on Thursday said it will strengthen its electromobility R+D and production activities in Hungary.

Hungarian Prime Minister Viktor Orbán held talks on central and eastern Europe's energy sovereignty and efforts to consolidate the north-south energy corridor with Daniel Obajtek, management board president of the Polish PKN Orlen company, and Zsolt Hernadi, chairman-CEO of the Hungarian MOL Group, in ...

Japanese tyre maker Bridgestone celebrated the 15th anniversary of its local unit at the Bridgestone base in Kornye, on the outskirts of Tatabanya, in north-western Hungary.

Factory gate prices in Hungary rose by an annual 22.3 percent in December, accelerating from a 21.6 percent increase in the previous month, data released by the Central Statistical Office (KSH) on Monday show.

German supermarket chain Lidl's new logistics hub in Ecser, near Budapest, has been completed as part of a 36 billion forint (EUR 100m) project that received government support of 1.2 billion, Foreign Minister Peter Szijjarto said on Friday, adding that the investment is creating ...

Revolut Bank should conduct its activities in Hungary as a subsidiary, with a local HQ and capitalisation, the Hungarian central bank (NBH) said on Tuesday, renewing its call on the bank, last made in September, to start the licencing procedure for a local unit.