Leading Hungarian businessman arrested on suspicion of graft
Laszlo Bige, the owner of artificial fertiliser maker Nitrogenmuvek, has been placed under criminal supervision on suspicion of bribery and other financial crimes, a Nyiregyhaza court said.
Investments by Bavarian companies to save hundreds of jobs, Szijjarto says
Foreign minister has talks with BMW leaders in Munich
German car maker BMW will use its plant in Debrecen, in eastern Hungary, as the focal point of its electric car production strategy, Foreign Minister Peter Szijjarto said in Munich on Wednesday, following talks with BMW leaders.
Mercedes invests HUF 50 billion to make electric cars in Hungary
German car maker Mercedes-Benz will invest 50 billion forints (EUR 141m) at its plant in Kecskemet, in central Hungary, to add fully electric vehicles to the production palette, Peter Szijjarto, the minister of foreign affairs and trade, said on Monday.
Hungary, Singapore strengthen FinTech cooperation
The National Bank of Hungary (NBH) on Wednesday signed a cooperation agreement with the Monetary Authority of Singapore (MAS) to strengthen cooperation in FinTech innovation between their countries.
Analysts: Post-pandemic growth could boost Hungary development
Hungary could approach the level of development in western Europe by 2030 if GDP growth returns to an annual 4 percent after the coronavirus crisis, the Hungarian office of US consultancy firm McKinsey has said.
Investment volume falls by 12 percent in Q3
Investment volume in Hungary fell by an annual 12.0 percent in the third quarter of 2020, the Central Statistical Office (KSH) said on Thursday.
Budapest Airport sustainability scheme gets international award
The Airports Council International Europe (ACI Europe) has granted its ACI Eco-Innovation Award to Budapest Airport, recognising a sustainability scheme that the operator of Liszt Ferenc International has maintained, Budapest Airport said.
Szijjarto announces Semcorp investment in E Hungary
Shanghai-based Semcorp, a supplier of parts for electric vehicle batteries, will set up a 65.5 billion forint (EUR 182.6m) plant in Debrecen, in eastern Hungary, Peter Szijjarto, the minister of foreign affairs and trade, said in a video message on Facebook.
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Unions support planned restart tax in Budapest
Twenty trade unions have signed a declaration to express support for Budapest's plans to introduce a local "restart tax" to help municipal companies impacted by the coronavirus epidemic.
