Before leaks or rumours spread about substantial compensation to be paid to Hungary for its vote on the ban of oil imports from Russia, a left-wing commentator argued that Hungary stands isolated in the world, while his pro-government counterpart saw Prime Minister Orbán as a key actor on the European scene. More >>
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World’s First Car Plant Operating Solely from Renewable Energy Soon Running in Hungary
- 12 May 2022 6:38 AM
The world’s first car plant to operate solely from renewable energy will soon be up and running in Debrecen. BMW’s new plant will “completely abandon fossil fuels”, the company’s chief executive, Oliver Zipse, told the BMW Annual General Meeting in Munich on Wednesday.
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Five Hungarian Companies Still in Russia
- 5 May 2022 2:09 PM
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.
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Business, Consumer Confidence Hits Two-Year High in April, in Hungary
- 26 Apr 2022 6:43 AM
Economic research institute GKI’s combined monthly gauge of business and consumer confidence reached +2.6 points in April – when general elections were held – climbing from -5.5 points in the previous month to reach a more than two-year high. The business confidence index rose to +10.5 points from +2.4.
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MVM Becomes Sole Universal Energy Provider in Hungary
- 15 Apr 2022 5:58 PM
State-owned energy company MVM has completed a deal to acquire 100% of E.ON Áramszolgáltató, German-owned E.ON’s local electricity distributor for the regulated retail market, making it the only universal provider on the natural gas and the electricity market.
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Hungary Ready to Pay for Gas in Roubles
- 7 Apr 2022 12:02 PM
Breaking ranks with the EU, Hungary may pay for gas in roubles if Russia asks it to, PM Orbán told a press conference this Wednesday.
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HUF 127 Billion Battery Separator Film Plant Inaugurated in Hungary
- 1 Apr 2022 6:55 AM
Japanese-owned Toray Industries Hungary inaugurated a 127 billion forint (EUR 344.6m) battery separator film plant in Nyergesújfalu, in north-west Hungary.
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