Corporate

The Spanish diagnostics group Werfen is acquiring the Hungarian company Omixon for around 25 million US dollars.

‘Our government regards Debrecen as a second capital,’ said Transport Minister János Lázár at a press conference on Wednesday following consultations on the economic development of the eastern metropolis.

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.

The MoU was signed in Istanbul by MOL chairman-CEO Zsolt Hernadi and TPAO chairman-CEO Ahmet Turkoglu.

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

According to Datahouse, the new car market grew by 8.5% in the first nine months of the year.

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.

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.

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 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.