
Szijjarto: Companies already getting support under govt rescue scheme
The government scheme for aiding investments that boost energy efficiency in factories has awarded a total of 27.5 billion forints to 25 companies so far, Peter Szijjarto, the minister of foreign affairs and trade, said on Wednesday.

Finance Minister inaugurates medical equipment manufacturing facility
Finance Minister Mihaly Varga inaugurated Hungarian medical equipment maker Medicor Elektronikai's 1.3 billion forint (EUR 34.8m) production and development hall on Tuesday, and said the government-supported investment would create 50 jobs.

Liberty Steel to take over Dunaferr assets
Liberty Steel has submitted the winning offer in a procedure to sell the assets of troubled Hungarian peer Dunaferr which went under liquidation, the Economic Development Ministry said on Tuesday.

Finance Minister meets Audi Hungaria executives
Hungary's economy and work force provide a good environment for Audi's further development, Finance Minister Mihaly Varga said on Tuesday, after meeting the car manufacturer's executives in his office in Budapest.

Hell Energy to build USD 200 million plant in Azerbaijan
A new plant by soft drink maker Hell Energy planned in Azerbaijan with the cooperation of a local investment fund will create a new economic link between east and west, Foreign Minister Peter Szijjarto said on Monday.

MOL closes acquisition of OMV Slovenija
Hungary's MOL Group announced on Friday the close of the acquisition of Slovenian peer OMV Slovenija, becoming the second biggest oil and gas company in the country in cooperation with Croatia's INA.

Graboplast inaugurates HUF 1.1 billion SPC flooring plant
Special flooring maker Graboplast on Thursday inaugurated a 1.1 billion forint (EUR 3.0m) 2,400sqm SPC (Stone Polymer Composite) flooring plant at its base in Tatabanya, in western Hungary.

China’s BYD to build HUF 10 billion battery assembly plant near Budapest
Chinese electric vehicle maker BYD is building a 10 billion forint (EUR 27.1m) battery assembly plant in Fot, near Budapest, Peter Szijjarto, the minister of foreign affairs and trade, said in Shenzhen on Wednesday.

Magnus to start construction of Chinese production plant in July
Hungary's Magnus Aircraft is slated to start building its first production plant in Wuxi, near Shanghai, in July, while a showroom will be ready within six months, the company said on Wednesday.

Szijjarto: Two more Chinese companies to invest HUF 35 billion in Hungary
Agreements have been reached with two Chinese companies on their investments worth a combined 35 billion forints (EUR 94.7m) in Hungary, Peter Szijjarto, the foreign affairs and trade minister, said in Tianjin, in northern China, on Tuesday.