British DS Smith’s Investment Boosts Economic Growth DS Smith Packaging, a leading British manufacturer, is expanding its operations with an investment of over EUR 35M (HUF 12.7B)... 2024.11.26.
Past Year 44% of China’s European Investment Landed in Hungary Minister of Foreign Affairs and Trade, Péter Szijjártó, visited Beijing while attending the second China International Supply Chain Exhibition (CISCE).... 2024.11.26.
New Wage Deal Paves Way for Growth and Record Investments Hungary has set ambitious goals for 2025, aiming for over 3% economic growth and a historic wage increase under a... 2024.11.26.
Hungarian-Romanian Peacekeeping Battalion Completes Intensive Exercise In mid-November, the annual exercise of the Hungarian-Romanian Joint Peacekeeping Battalion took place in Újdörögd, western Hungary, simulating a fictitious... 2024.11.25.
Nestlé Hungária Expands Sustainability Efforts with New Solar Park Solar panels (illustration) Nestlé is expanding its factory in Szerencs (northeastern Hungary) with a new solar park set to begin... 2024.11.25.
The Country’s Largest Energy Storage Facility Is Being Built in Szolnok Gábor Czepek, Parliamentary State Secretary of the Ministry of Energy, announced in a video on social media that Hungary's largest... 2024.11.25.
Budapest Grows Into a Global Sports Hub Budapest has become an emerging hub for international sports federations, with recent relocations showcasing the country’s growing influence in global... 2024.11.25.
OMV to Expand Its Electric Car Charging Network While OMV's new fast-charging points are now available at 15 locations in Hungary, the company is working on the construction... 2024.11.22.
Budapest Airport Breaks Passenger and Cargo Milestone in a Record Year Budapest Airport has seen unprecedented traffic of freight and passengers this year, writes Világgazdaság. Budapest Airport, the operator of Budapest... 2024.11.22.
Paks Nuclear Power Plant Earns International Praise for Safety Commitment Paks nuclear power plant's commitment to safe and reliable operation has been recognized by an international study, the operating company... 2024.11.22.
Government Announces Unprecedented Railway Development The Hungarian government is preparing the biggest railway construction project in the Great Hungarian Plain (Alföld) in the last hundred... 2024.11.22.
Viktor Orbán: World Economy’s Center Shifts East with Growth Outpacing the West President of the National Bank György Matolcsy (R) and PM Viktor Orbán At the Budapest Eurasia Forum organized by the... 2024.11.22.
Three-Year Deal: Minimum Wage Increases Outlined by 2027 A three-year wage agreement has been reached between the government and the forum representing employers, and reflecting the government's expectations.... 2024.11.22.
Shenzhen Airport Opens Cargo Terminal in Budapest Shenzhen Airport has opened its second European air cargo handling center at the airport of the Hungarian capital, after Frankfurt,... 2024.11.21.
First BMW Rolls Off the Production Line in Debrecen The first test production vehicles of the all-electric Neue Klasse X model have been assembled at the BMW Group's Debrecen... 2024.11.21.
Dunavarsány Becomes Regional Hub for South Korean Food Industry South Korea's largest food company will build its first Central European factory in Hungary, creating 200 new jobs in Dunavarsány... 2024.11.21.
Prime Minister Orbán Hails Kazakhstan as Key Partner in Energy and Economic Growth Kazakh President Kassym-Jomart Tokayev visited Budapest, where he met with Prime Minister Viktor Orbán and Head of State Tamás Sulyok... 2024.11.21.
MOL Secures Third Spot in CEE Rankings, despite Decline in Revenue MOL's Tiszaújváros (northern Hungary) plant. After three years, the automotive and transport sectors have regained the lead, but 2024 does... 2024.11.20.
EU Targets for E-mobility Transition Are “Overly Ambitious” Róbert Krisztián, President of the Association of the Hungarian Automotive Industry (MAGE) and Deputy CEO of Magyar Suzuki Zrt., warned... 2024.11.20.
Relief Plan Brings Cheaper Electricity for Micro-Enterprises from January In line with the goals of the economic action plan, more micro-enterprises will be able to return to the universal... 2024.11.20.
Hungary Advances Tax Competitiveness with New Measures for 2025 Hungary's tax system is progressing towards greater competitiveness, with further reductions in the tax burden planned for 2025, Finance Minister... 2024.11.20.