Corporate

State-owned energy company MVM on Thursday announced an agreement to acquire 100 percent of E.ON Aramszolgaltato, German-owned E.ON's local electricity distributor for the regulated retail market.

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).

German engineering giant Bosch on Thursday said it will strengthen its electromobility R+D and production activities in Hungary.

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 ...

Japanese tyre maker Bridgestone celebrated the 15th anniversary of its local unit at the Bridgestone base in Kornye, on the outskirts of Tatabanya, in north-western Hungary.

Factory gate prices in Hungary rose by an annual 22.3 percent in December, accelerating from a 21.6 percent increase in the previous month, data released by the Central Statistical Office (KSH) on Monday show.

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.

It's getting hot, not only for climate forecasts but also for the debate about the EU's most ambitious project in terms of environmental protection: the Green Deal. One well-versed in the subject is Dr. Thomas Narbeshuber. The Vice President of BASF South Central Europe ...

Hungarian cellulose maker Dunacell is investing 7 billion forints (EUR 19.6m) to expand production capacity at its base in Dunaujvaros, in central Hungary, the minister of foreign affairs and trade said on Monday.