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.

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.