Five Hungarian Companies Still in Russia

  • 5 May 2022 2:09 PM
  • Hungary Around the Clock
Five Hungarian Companies Still in Russia
The Yale School of Management lists five Hungarian companies that are still active in Russia: pharmaceutical company Gedeon Richter, Herend Porcelain Manufactory, the MOL Group, state-owned axle and vehicle maker Rába and the healthcare product maker Sanatmetal.

The list includes other Hungarian companies in the category of firms that are reducing their capacity in Russia, such as OTP bank and light bulb manufacturer Tungsram.

There are currently 203 foreign companies still present in Russia, according to the list, most of them Chinese, American, French, Italian and Indian.

Rába has a commercial relationship with Russian truck maker Kamaz, while MOL is developing the Baitugan oil field.

Food and pharmaceutical companies have decided, on humanitarian considerations, to continue their activities in the country and to supply the Russian population with medicine and other important products despite the war.

Architecture software developer Graphisoft and low-cost airline WizzAir have suspended their operations in the country.

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