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The European Commission (EC) said productivity increases in Hungary have been “modest”, adding that strong economic growth has created favourable conditions for policies that would support improvements in a country report released on Wednesday.
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Most companies are unable to fully satisfy the terms of the EUʼs General Data Protection Regulation (GDPR), and about one-fifth of firms believe that it is impossible to fully comply with the terms, according to research by Big Four professional services firm EY.
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German aircraft maintenance, repair and overhaul company Lufthansa Technik will set up a 43 billion forint (EUR 135m) service centre in Miskolc, in north-eastern Hungary, the minister of foreign affairs and trade said.
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Addressing a joint press conference with Israeli Prime Minister Benjamin Netanyahu in Jerusalem, Prime Minister Viktor Orbán said that Israel’s 210 companies active in Hungary “are a strong presence”, adding that both countries seek to increase cooperation in innovative technologies.
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Microsoft Hungary has announced the appointment of former Magyar Telekom CEO Christopher Mattheisen as general manager, effective March 4, 2019, according to a press release.
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The Hungarian Investment Promotion Agency (HIPA) successfully concluded negotiations on 98 projects last year, bringing more than 4.3 billion euros of investments to the country, business daily Világgazdaság said.
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