
Moderate rise in comprehensive car insurance premiums
According to insurance broker Insura.hu, the average price in the third quarter was 212,400 forints (approx. 530 euros), 4% higher than in the previous year.

MOL and Turkish Petroleum Corporation sign strategic partnership MoU
The MoU was signed in Istanbul by MOL chairman-CEO Zsolt Hernadi and TPAO chairman-CEO Ahmet Turkoglu.

Hungary wants to share in the success
On Tuesday, the Chinese automotive group BYD organised a supplier forum at the headquarters of the state investment agency HIPA in Budapest.

Skoda and BYD the top sellers
According to Datahouse, the new car market grew by 8.5% in the first nine months of the year.

Richter partner gets clearance for Estetrol-based drug
Fuji Pharma has received marketing approval in Japan for a drug to treat menstrual cramps containing Estetrol, an active ingredient in the portfolio of Hungarian partner Gedeon Richter.

MOL signs deal to develop gas reserves in Azerbaijan
Hungary's MOL and its joint venture partners have signed commercial agreements for the development of gas reserves in Azerbaijan, the oil and gas company said late Friday.

Liberty makes payroll at Dunaujvaros steelworks
Indian-owned steelworks Liberty Dunaujvaros has paid over 3,000 employees their wages for August, on time, plus a one-off HUF 150,000 bonus, the National Economy Ministry said on Tuesday.

National economy minister highlights need to bolster SMEs
National Economy Minster Marton Nagy stressed the need to strengthen Hungarian-owned SMEs at an event organised by the Hungarian Chamber of Commerce and Industry (MKIK) on Monday, his ministry told MTI.

Hell Energy sales climb 22 percent in H1
First-half consolidated net sales revenue of Hungarian soft drink maker Hell Energy rose 22pc year-on-year to HUF 94.0bn, an earnings report posted on the website of the Budapest Stock Exchange, where the company's corporate bonds are listed, shows.

Lidl lays down cornerstone for HUF 50 billion logistics base
German-owned discount chain Lidl Magyarorszag laid the cornerstone for a HUF 50bn logistics base in Kiskunfelegyhaza (SE Hungary) on Wednesday.