Corporate

Electrolux will discontinue production at its refrigeration products factory in Nyiregyhaza, in northeast Hungary, from the beginning of 2024, the Swedish appliances maker said on Wednesday.

Prime Minister Viktor Orbán on Wednesday met the group working to save troubled steelmaker Dunaferr, led by the region's representative, Lajos Meszaros of Fidesz.

Antenna Hungaria, a unit of listed IT company 4iG, and state-owned Corvinus International Investment have closed the acquisition of Vodafone Hungary, the Economic Development Ministry said on Tuesday.

The Boysen Group is creating 400 new jobs in Nyiregyhaza, in eastern Hungary, with a 60 billion forint investment that will turn out parts for electric cars supplying BMW's Debrecen plant, Peter Szijjarto, the foreign and trade minister, said on Monday.

Hungary's government will launch a 700 billion forint (EUR 1.8bn) subsidised credit scheme for businesses from February, the ministry of economic development said on Monday.

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Hungarian state investment company Corvinus has inked a deal to purchase a 49 percent stake in Vodafone Europe's Hungarian unit, while 4iG unit Antenna Hungaria is acquiring a 51 percent stake in the telecom company, Marton Nagy, the economy development minister, said on Monday.

Representatives of employers and unions signed an agreement on next year's minimum wage rise on Wednesday.

A forum of representatives from unions, employers and the government reached an agreement on Thursday on next year's minimum wage rise, state secretary for employment policy Sandor Czomba announced at a press conference.

"Multinational companies have scored a win yet again," the deputy group leader of opposition LMP said on Tuesday, referring to an agreement between the Hungarian government and the European Union on the proposed global minimum tax.