Business-related news – Hungary
Germanyʼs thyssenkrupp is moving its Budapest automotive industry development centre to a bigger base in the capital and adding more staff, the business told state news wire MTI. The center is moving to a…
Output of Hungaryʼs construction sector climbed 40.1% year-on-year in April, show monthly data released by the Central Statistical Office (KSH) on Friday. For the period January-April 2019, output was up 45.8% year-on-year. Output of…
Economy minister 2020 budget focuses on family support, photo: MTI Finance Minister Mihály Varga on Wednesday set out the main goals of the 2020 budget, namely support for families and ensuring resources for the…
Wizz Air, one of Europe’s fastest growing airlines and the largest low-cost carrier in Central and Eastern Europe, announced on the weekend that it operates at the lowest CO2 emissions per passenger amongst all…
Ratings agency Moody’s Investors Service on Tuesday upgraded the long-term local currency deposit ratings of two Hungarian banks, according to news portal hvg.hu. The credit ratings agency announced that it had raised K&H Bank’s…
Photo: Illustration/Pixabay A vast oil field was discovered near two small villages in Baranya county; Istvándi and Kétújfalu. They found nothing like this in the past 30 years. The company who discovered it…
German companies have created over 300,000 jobs in Hungary, Péter Szijjártó, the foreign affairs and trade minister, said during a break between his talks in Essen, western Germany, on Tuesday. Hungary’s cooperation with German…
Minister of Finance Mihály Varga has announced a number of tax cuts and growth incentives as part of a plan to shield the economy from the impact of a global slowdown, according to official…
The Hungarian governmentʼs support strategy for SMEs is being developed after extensive social consultations, said state secretary for economic strategy and regulation László György at a press conference on Thursday, state news wire MTI…