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The head of the Hungarian Chamber of Commerce and Industry (MKIK) has slammed a proposal of the Budapest municipality to raise the business tax from 2% to 2.5%, a measure designed to help restart the city’s economy amid the coronavirus pandemic.
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German SICK, a manufacturer of electronic cards, is increasing its capacity in Hungary by building a new production hall and warehouse.
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The Mercedes-Benz factory in Kecskemét will close for a month from December 18 to January 17, local news website Bács-Kiskun Megyei Hírportál reported on Monday.
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The Hungarian Investment Promotion Agency (HIPA) has been ranked as the best such agency across the region comprising central Europe and central Asia for the second year in a row, a foreign ministry official said.
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A new air service is operating between Zhengzhou and Budapest three times a week to help relaunch fast and unhindered trade between China and central Europe, an official of the ministry of innovation and technology has said.
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Chinese-owned Chervon Group will set up a 17.5 billion-forint car parts plant in Miskolc, in north-east Hungary, Foreign Minister Péter Szijjártó said.
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