Szijjarto: MOL propylene plant largest investment in Hungary this year

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 ...

EC finds Hungary violated merger rules with VIG-Aegon veto

Finance Minister: State acquires stakes in insurers Aegon, Union

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).

Orbán: Government welcomes MOL-PKN Orlen deal

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 ...

New Lidl logistics hub creating 413 jobs

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 ...

NBH renews call on Revolut to set up Hungarian unit

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.