MOL, state to establish foundation

Hungarian oil and gas company MOL on Thursday said it will partner with the state of Hungary to establish a foundation, dubbed MOL New Europe Foundation, to fulfill its corporate responsibility objectives.

PMI still a little under 50 points in March

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) edged down to 48.7 points in March from 49.0 in February, when it slipped under the 50-point threshold that signals expansion in the manufacturing sector for the first time in five months, the Hungarian Association of Logistics, Purchasing ...

Socialists call for direct grants for SMEs

The opposition Socialists on Sunday called for direct grants and the extension of the loan moratorium for SMEs to mitigate the damage caused by the coronavirus pandemic.

State lottery company looks to expand abroad

State-owned lottery company Szerencsejatek has the know-how and the capital to weigh an expansion abroad, CEO Gabor Czepek said in the latest issue of news weekly Figyelo.