Corporate

German engineering giant Bosch is building a 4.2 billion forint (EUR 10.6m) engineering centre in Zalaegerszeg, in western Hungary, the minister of foreign affairs and trade said on Monday.

The local unit of German pet food retailer Fressnapf is opening its shared services centre in Budapest, state secretary Levente Magyar said on Monday.

Chinese-owned Halms Hungary will build a 40 million euro electric vehicle parts plant in Debrecen, in eastern Hungary, a government official said on Tuesday.

In the largest investment ever in Hungary, Chinese battery maker CATL is spending 3,000 billion forints (EUR 7.5bn) on building its second European manufacturing plant, in Debrecen, in eastern Hungary, the minister of foreign affairs and trade said on Monday.

Applications for the Hungarian government's business development scheme in Bosnia and Herzegovina can be submitted from Wednesday on, Levente Magyar, deputy minister of foreign affairs and trade, said in Gradiska, in northern Bosnia, on Tuesday.

Listed IT company 4iG and state-owned Corvinus have entered into non-binding heads of terms with Vodafone Group to acquire 100 percent of the telco's Hungarian unit for a cash consideration equivalent to an enterprise value of 715 billion forints (EUR 1.8bn), 4iG announced on ...

The municipal government office of Budapest has launched proceedings against low-cost airlines Wizz Air over a number of recent customer complaints, the justice ministry said in a statement on Monday.

The largest ever investment project in Hungary will be carried under an agreement signed with Chinese battery producer Contemporary Amperex Technology (CATL) which will set up its second European plant in Debrecen, in eastern Hungary, the parliamentary state secretary of the foreign ministry said ...

Hungary's customer protection authority has fined low-cost airline Ryanair 300 million forints (EUR 765,000) for "misleading customers through its dishonest business practices", Justice Minister Judit Varga said on Facebook on Monday.

The government has decided to give companies operating in Hungary the option of paying their corporate and business taxes in forints, euros or US dollars, the finance minister said on Saturday.