Kuria orders Nitrogenmuvek to pay HUF 11 billion cartel fine before appeals are exhausted
The Kuria, Hungary's supreme court, has decided that Nitrogenmuvek, the country's sole producer of artificial fertiliser, must pay an 11 billion forint (EUR 30m) Competition Office (GVH) fine before the company uses up its chances for legal recourse, GVH said on Friday.
PMI climbs to 57.6 in March
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 57.6 points in March from 53.8 in February, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Friday.
Szijjarto: TDK’s HUF 26 billion investment to create 250 jobs
Japanese electronic car-parts manufacturer TDK is investing 26 billion forints (EUR 70.0m) into setting up a plant manufacturing sensors to electric cars in Szombathely, in western Hungary, the minister of foreign affairs and trade said on Monday.
Szijjarto: MOL propylene plant largest investment in Hungary this year
Peter Szijjarto, the minister for foreign affairs and trade, on Wednesday attended the cornerstone ceremony of a propylene plant of MOL Petrolkemia in Tiszaujvaros, in eastern Hungary. The 65 billion forint (EUR 174.5m) project is the largest investment by a Hungarian company so far ...
Central bank withdraws Sberbank Hungary licence, orders lender wound up
The National Bank of Hungary (NBH) has said it withdrew the lending licence of Russian-owned Sberbank Hungary because of its "serious liquidity and capital situation" amid international sanctions against Russia and ordered the credit institution to be wound up.
MVM to acquire E.ON regulated market electricity distributor
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.
EC finds Hungary violated merger rules with VIG-Aegon veto
Finance Minister: State acquires stakes in insurers Aegon, Union
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).
Bosch to strengthen electromobility R+D, production in Hungary
German engineering giant Bosch on Thursday said it will strengthen its electromobility R+D and production activities in Hungary.
Orbán: Government welcomes MOL-PKN Orlen deal
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 ...
Bridgestone marks 15 years in Hungary with foreign minister
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.
