TDK’s HUF 26 Bn Investment in Szombathely to Create 250 Jobs Japanese electronic car-parts manufacturer TDK is investing 26 billion forints (EUR 70.0m) into setting up a plant manufacturing sensors to... 2022.03.28.
Wizz Air Launches New Flights to Burgas, Corfu and Dortmund Hungarian-owned low-fare airline Wizz Air is launching three new services from June, the company said on Saturday. Planes will fly... 2022.03.27.
Central Bank Points to ‘Strong’ Influence of War on Economic Activity in Inflation Report The National Bank of Hungary (NBH) acknowledged the country's "dynamic" economic growth early in the year, following a record expansion... 2022.03.26.
Jobless Rate Falls to 3.8 pc in February Hungary's jobless rate was 3.8 percent in February, down from 4.2 percent in January and 4.5 percent in the same... 2022.03.26.
Govt Earmarks EUR 160 Million for Óbuda University Innovation Parks The government has allocated 57.5 billion forints (EUR 160m) to set up three science and innovation parks to be run... 2022.03.26.
Smaller Gas Station Owners Protest at Hungary’s Oil Company MOL On March 24, the Independent Petrol Stations Association (FBSZ) held a demonstration in front of the central building of the... 2022.03.25.
Almost Two Thirds of Sberbank Hungary’s Deposits Not Covered by Insurance After the Hungarian central bank revoked the activity license of Sberbank Hungary, the local branch of Russia's largest bank, the... 2022.03.25.
40-50% Price Hikes Soon to Come in Hungarian Restaurants? Price increases of 25-30% in Hungarian restaurants are very likely, but 40-50% hikes are also very much in the cards... 2022.03.25.
MOL Propylene Plant Largest Investment in Hungary So Far This Year, says Trade Minister Péter Szijjártó, the minister for foreign affairs and trade, on Wednesday attended the cornerstone ceremony of a propylene plant of... 2022.03.24.
Wizz Air Relaunches Several Hungary Flights Low-cost carrier Wizz Air on Wednesday said it has relaunched nine of its flights from Hungarian airports. Flights connecting the... 2022.03.24.
Hungarian HR Agency Expands in Adriatic Region Hungarian-owned WHC Group has acquired a majority stake in one of the leading HR service providers of the Adriatic region,... 2022.03.23.
Forint Strenghtens As Hungary’s Central Bank Significantly Raises Base Rate Hungarian rate-setters raised the central bank base rate by 100 bp to 4.40 percent at a monthly policy meeting on... 2022.03.23.
Foundation Stone Laid for Richter’s New Head Office Building The foundation stone of Richter Gedeon Nyrt.'s new head office building was laid on Tuesday in Budapest. The 17,400 square... 2022.03.23.
Metro Line 3 Service Could Be Affected As Result of War No Russian-produced spare parts for the cars of Budapest’s Metro line 3 have been delivered in the last 30 days,... 2022.03.23.
Ukrainian War – Minister: Ukraine-Russia Conflict Raises Food Security Issues The conflict between Ukraine and Russia raises serious food security issues and risks, Agriculture Minister István Nagy said after a... 2022.03.22.
Foreign Guests Cancel 20 Percent of Bookings in Hungary Due to War in Ukraine Foreign guests canceled 20 percent of their bookings in Hungary in March and April, citing the war. The Association of... 2022.03.22.
More and More Petrol Stations Forced to Close, Risking Takeover Under the Hungarian government's petrol price cap decree, petrol stations closed for more than 48 hours are put under "temporary... 2022.03.21.
Hungary’s OTP Bank Considering Withdrawal from Russian Market OTP Bank, Hungary's biggest commercial lender, said they are weighing a possible withdrawal from the Russian market, economic news site... 2022.03.21.
Three Renovated M3 Metro Stations Open to Passengers in May Gergely Karácsony, the mayor of Budapest, shared on his Facebook page that three stations of metro line M3 in the... 2022.03.20.
Defense Industry Production to Start in Kaposvár Forty Gidran armoured tactical vehicles produced in Turkey will be equipped with radio and electro-technical devices in Kaposvár, and parts... 2022.03.20.
Audi Hungaria: No Exports to Russia! Győr's Audi factory cannot escape the effects of the war in Ukraine either. Due to the uncertain situation, their production... 2022.03.18.
