Hungarian and Polish Oil Companies to Battle It Out in 2023 The Polish, Hungarian, and Slovakian retail fuel markets are expected to see fiercer competition in 2023, with Hungarian MOL and... 2023.01.02.
Hungary’s Military Spending to Reach 2 Percent of GDP Next Year Next year's budget will provide the resources to continue the modernization of the Hungarian Defense Forces, and Hungary's military expenditure... 2022.12.29.
Hungary Attracts Record Investments This Year The record for investment in Hungary was broken again this year, with investments worth 6.5 billion euros (2,600 billion forints),... 2022.12.29.
Schneider Electric Smart Factory to Start Production in 2024 The French multinational company Schneider Electric is expected to start production in 2024 at its smart factory in Dunavecse (central-southern... 2022.12.28.
Defense Reform in Hungary Progressing Well A new approach and domestic innovations are needed in defense development, while the reform of the sector is progressing well,... 2022.12.28.
Suzuki to Increase Wages Next Year The Hungarian subsidiary of Japanese automobile company Suzuki (Magyar Suzuki Zrt.) will raise wages by an average of 20 percent... 2022.12.22.
Hungarian Companies Persevere despite Energy Crisis Although Hungarian companies are feeling the effects of the energy crisis, they are trying to cope with the situation and... 2022.12.22.
Investment Breaks Record in Hungary This Year The investment record in Hungary has been broken again this year, with some 2,600 billion forints (6.3 billion euros) invested,... 2022.12.21.
“It is not a global, but a European economic crisis,” Says Economy Minister There is no way to get out of this crisis in the short term, Márton Nagy, Minister for Economic Development... 2022.12.16.
New Ammunition Plant Opens South of the Capital Hungary is building a brave, innovative and high-tech army, the Minister of Defense said on Thursday at the groundbreaking ceremony... 2022.12.16.
Investment Record to Be Broken Again This Year As has been the case every year since 2014, Hungary is again expecting a large amount of foreign investment this... 2022.12.16.
Unprecedented Wage Increase at Hungarian Mercedes-Benz Plant This article was originally published on our sister-site, Ungarn Heute. Unions at the Mercedes-Benz plant in Kecskemét, Hungary have agreed... 2022.12.08.
Electric Vehicle Boom in Hungary Recognized Abroad Hungary is becoming a surprise hub for Europe’s new battery industry, but critics fear it could become too dependent on... 2022.12.01.
Pharmaceutical Industry is Key Sector of Hungary’s Economy State Secretary Tamás Menczer spoke about the success of pharmaceutical investments in Hungary at the Teva factory in Debrecen. The... 2022.12.01.
Hungary Is Entering New Phase of Military Development The defense industry is essential because it creates jobs, helps the economy grow, and provides security, the Minister of Defense... 2022.12.01.
Hungarian Oil Company To Spend Billions on Oil and Gas Exploration Mol, a leading Hungarian oil and gas company, will spend 40 billion forints (EUR 98.4 million) on oil and gas... 2022.11.29.
Bloomberg: MOL Could Gain Advantage With Cheaper Russian Oil According to Bloomberg, EU sanctions on Russian energy resources are championed by Poland not only due to political and security... 2022.11.28.
Hungary Could Have Shale Gas Lasting a Century The Corvinus project, designed to kick-start shale gas extraction in Hungary, aims to ensure that the natural gas field in... 2022.11.25.
Hungarian Mercedes-Benz Press Plant Starts Production Production has started at the new 23,000 square meter press plant of the Mercedes factory in Kecskemét. The second press... 2022.11.24.
Not So Sweet: Renowned Budapest Confectionery Closes Its Doors One of the latest victims of the cost of energy crisis is Budapest's much loved historic Hauer Confectionery that has... 2022.11.23.
Kuwait on the Danube? Oil Deposits Found near Budapest Hungarian oil company Mol has discovered a significant amount of oil at a depth of 2100 meters near Vecsés, next... 2022.11.22.
