Fire at MOL’s Danube Refinery, One Plant Shut Down A small fire broke out at the Atmospheric and Vacuum Distillation-2 (AV-2) plant of the Danube Refinery in Százhalombatta, a... 2022.06.15.
Several Companies Pass Government’s ‘Extra Profit Tax’ onto Consumers In response to the Hungarian government’s windfall tax imposed on large companies to create extra revenue for the funding of... 2022.06.14.
Some Affected Companies Likely to Pass Government’s Windfall Taxes to Consumers, New Analysis Finds A new report by left-leaning economic think-tank GKI finds that despite prior promises from the Hungarian government, a significant share... 2022.06.14.
Survey: Lack of Talent Affects Three Quarters of Employers Some 30% of Hungarian employers said they plan to increase their workforce in the next quarter, while 17% would reduce... 2022.06.14.
Oil and Gas Analyst: Hungary’s Petrol Stocks Go Towards Helping OMV, but Also Helps MOL Hungary is releasing part of the country's strategic petrol and diesel stocks to help the situation caused by the longer-than-planned... 2022.06.14.
Changes in Hungarian Media: Printing Closures and Ownership Changes Mediaworks will reduce its unused printing capacities and close two of its printing plants, Mediaworks Hungary Zrt. told MTI. In... 2022.06.14.
Hungary to Dip into Strategic Fuel Reserves for Domestic Consumption Hungary will make a part of its strategic fuel reserves available for domestic consumption, according to a new government decree... 2022.06.13.
Ryanair Dumps Hungary’s ’Extra Profits’ Tax onto Customers Budget airline Ryanair is pushing on the Hungarian government’s “extra profits” tax to passengers, charging 3900 forints (~EUR 10), even... 2022.06.10.
Survey: Highest Pay Increases for R&D Managers This Year Executive salaries in manufacturing and production will rise by more than 10 percent this year, with the biggest increase coming... 2022.06.10.
BudaPart Wins Best Neighborhood Development in International Competition The BudaPart project has won the Best Neighborhood Development award at the FIABCI international real estate competition in Paris. The... 2022.06.10.
Hungary’s Generous State Support for Home Improvement Remains Popular The popularity of Hungary’s generous home renovation support for homeowners remains high, according to a recent survey. In the past... 2022.06.09.
Hungarian Government to Allocate EUR 1.7 Billion to Protect its Utility Price Cap The draft budget the government submitted to parliament on Tuesday includes a 670 billion forint (EUR 1.7bn) fund aimed at... 2022.06.09.
President Novák and PM Orbán Honor President of Suzuki Hungary's President Katalin Novák and Prime Minister Viktor Orbán awarded Suzuki Motor Corporation President, Osamu Suzuki, with the civilian class... 2022.06.09.
Is Iraq Buying Aircraft from a Factory Partly Owned by Hungary? An Iraqi delegation led by Defense Minister Juma Inad visited the partly Hungarian-owned Aero Vodochody aircraft factory in the Czech... 2022.06.09.
Ryanair Calls Hungarian Windfall Taxes ‘Unjustified’ and ‘Ill-Advised’ Ryanair called on Prime Minister Viktor Orbán's government on Wednesday to scrap the new tax levied on departing passengers as... 2022.06.09.
Optimistic Growth Seen in Hungarian Households’ Solar Energy Capacity Hungary’s solar energy capacity has grown significantly as the number of domestic household-scale (HMKE) solar panel units grew more in... 2022.06.09.
MOL CEO Zsolt Hernádi Talks about Sanctions, Oil Embargo, and Price Cap Zsolt Hernádi, CEO of the Hungarian oil company MOL gave an interview to Mandiner, talking about EU sanctions, the oil... 2022.06.09.
What Is Known of the Government’s Budget Adjustment Package So Far Events have gathered pace recently around the government's fiscal adjustment program. On Saturday, the special tax regulations and the general... 2022.06.08.
Here Are Last Year’s House Prices in Budapest and Across the Country In addition to the numerous and deepening risks identified at the beginning of the year, there is a chance that... 2022.06.08.
OMV Denies Press Reports of Company Closing Gas Stations in Hungary As Hungarian state oil company Mol would not be able to cover the shortfall, OMV's petrol stations in Hungary are... 2022.06.07.
World’s Largest Battery Manufacturer May Be Coming to Hungary Several public sources have recently published information suggesting that the world's largest battery manufacturing company, the Chinese Contemporary Amperex Technology... 2022.06.03.
