
Szijjarto announces 3 billion euros of new Chinese investments in car industry
China is investing 3 billion euros in Hungary's automotive industry in the coming period, Peter Szijjarto, the minister of foreign affairs and trade, said after talks with Minister of Commerce Wang Wentao in Beijing on Monday. This will further strengthen Hungary's position as a ...

Hungary, Romania to launch joint development scheme
Hungary and Romania are launching a joint economic development scheme with a view to enabling Romania to benefit from auto industry investments in eastern Hungary, Peter Szijjarto, the minister of foreign affairs and trade, said in Oradea (Nagyvarad) on Tuesday.

China’s Eve Power building first European plant in Hungary
China's battery producer Eve Power will build its first plant in Europe in Debrecen, in eastern Hungary, Foreign Minister Peter Szijjarto said on Tuesday. Eve Power, the ninth-biggest battery maker in the world, will invest around 400 billion forints (EUR 3.7bn) in the plant ...

Korean battery parts manufacturer to expand plant
Countries drawing investments of electric car manufacturers will be the "winners" of the new economic world order, Peter Szijjarto, the minister of foreign affairs and trade, said on Friday.

China Construction Bank opens branch in Hungary
China Construction Bank (CCB), the world's second biggest bank by assets, opened a branch in Hungary on Wednesday.

Hungary acquires indirect minority stake in Yettel
State-owned Corvinus Nemzetkozi Befektetesi has acquired an indirect minority stake in mobile telco Yettel through a share swap deal with Antenna Hungaria, a unit of listed IT company 4iG, the economic development ministry said on Monday.

Schneider Electric lays cornerstone for HUF 16 billion plant
French-owned Schneider Electric on Friday laid the cornerstone for a 16 billion forint plant it is building in Dunavecse, in central Hungary.

Economic development minister holds talks with local Mercedes executives
Economic Development Minister Marton Nagy met with executives of Mercedes-Benz Manufacturing Hungary in his office on Monday, the ministry said.

Close to two-thirds of companies plan pay rises this year
Some 62 percent of companies surveyed by recruiting site Profession.hu plan pay rises of 6-10 percent this year, the site said on Tuesday.

Economic development minister meets Magyar Suzuki CEO
Marton Nagy, the minister of economic development, held talks with Magyar Suzuki CEO Masato Atsumi in his office on Monday, the economic development ministry said in a statement.