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Hundreds of millions of euros are expected to flow into Hungary in investments from South Korea this year, Foreign Minister Péter Szijjártó told MTI in Seoul.
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Hungarian employees have become “more motivated to retain their jobs” in view of the coronavirus crisis, according to a recent survey conducted by pollster Median and insurance company BNP Paribas Cardif.
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A Hungarian businessman and night-club owner and his associates who have been found guilty of bribing high-ranking officials to turn a blind eye to their activities and business shortcomings have been sentenced to prison and fined.
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Budapest is the most affordable city in the world to run a business from, thanks to factors such as a low corporate tax rate and cheap monthly internet costs, according to research by U.K. energy broker company Utility Bidder.
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The main reason for the decline in investment volume in the first quarter of the year is not the oft-blamed coronavirus pandemic, but the decrease in utilization of EU funds. The fallback on a yearly basis was somewhat of a surprise for analysts, and the effects of the pandemic are yet to be seen in the next quarter.
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Budapest Bank has launched its first cash-receiving ATMs, the state-owned lender announced. The bank has installed this new feature at 41% of its 121 ATMs.
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