• 22 Nov 2024

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Why Revolut US Being Urged to Set Up Local Unit in Hungary by National Bank

Why Revolut US Being Urged to Set Up Local Unit in Hungary by National Bank

The MNB has again urged fintech company Revolut to establish a subsidiary in Hungary, which would allow its clients’ savings to be covered by the National Deposit Insurance Fund (OBA).
Mercedes Plant Expansion in C Hungary on Schedule

Mercedes Plant Expansion in C Hungary on Schedule

Foreign Minister Péter Szijjártó on Monday inaugurated an 800 million forint (EUR 2.1m) capacity expansion at car-parts manufacturing plant Autoflex-Knott, and said Hungarian companies were increasing their market shares abroad.
Revolut Launches New Forint Accounts - Details Revealed

Revolut Launches New Forint Accounts - Details Revealed

Fintech company Revolut is offering forint savings accounts for Hungarian users, with gross annual interest rates ranging from 1.25% to 4.75%.
Japan's TDK Announces HUF 3.5 Billion Investment in W Hungary

Japan's TDK Announces HUF 3.5 Billion Investment in W Hungary

Appliances and electronics company TDK Hungary Components is investing 3.5 billion forints (EUR 9.2m), which comes with a 1.5 billion forint government grant, at a plant in Szombathely, in western Hungary, the company announced.
Hungary Enjoys Record Investments & Exports

Hungary Enjoys Record Investments & Exports

New records in investments and exports “can now be taken for granted” for this year, the minister of foreign affairs and trade told parliament’s economic committee.
Battery Recycling Plant Using “World’s Latest Technology” to Be Built in Hungary

Battery Recycling Plant Using “World’s Latest Technology” to Be Built in Hungary

Slovenia’s Andrada Group will build a battery recycling plant using “the world’s latest technology” at Alsózsolca, in northern Hungary, the minister of foreign affairs and trade said.
EU’s Average Jobless Rate About 1.5 Times Higher Than Hungary

EU’s Average Jobless Rate About 1.5 Times Higher Than Hungary

Hungary’s jobless rate was 4% in February, up from 3.9% in the previous month, the Central Statistical Office (KSH) said.
Vodafone Starts Negotiating Exit from Hungary for HUF 715 Billion

Vodafone Starts Negotiating Exit from Hungary for HUF 715 Billion

Vodafone Group has entered into heads of terms with 4iG Public Limited Company and Corvinus Zrt in relation to the potential sale of 100% of Vodafone Magyarország Távközlési Zrt (Vodafone Hungary) for a total cash consideration equivalent to an enterprise value of HUF 715bn (€1.8bn).
Energy-Saving Investments Speeding Up in Budapest, Says Mayor Karácsony

Energy-Saving Investments Speeding Up in Budapest, Says Mayor Karácsony

Budapest is speeding up its energy-saving investments, Gergely Karácsony, the city’s mayor, has said.
Why Revolut US Being Urged to Set Up Local Unit in Hungary by National Bank

Why Revolut US Being Urged to Set Up Local Unit in Hungary by National Bank

The MNB has again urged fintech company Revolut to establish a subsidiary in Hungary, which would allow its clients’ savings to be covered by the National Deposit Insurance Fund (OBA).
Mercedes Plant Expansion in C Hungary on Schedule

Mercedes Plant Expansion in C Hungary on Schedule

Foreign Minister Péter Szijjártó on Monday inaugurated an 800 million forint (EUR 2.1m) capacity expansion at car-parts manufacturing plant Autoflex-Knott, and said Hungarian companies were increasing their market shares abroad.
Revolut Launches New Forint Accounts - Details Revealed

Revolut Launches New Forint Accounts - Details Revealed

Fintech company Revolut is offering forint savings accounts for Hungarian users, with gross annual interest rates ranging from 1.25% to 4.75%.
Japan's TDK Announces HUF 3.5 Billion Investment in W Hungary

Japan's TDK Announces HUF 3.5 Billion Investment in W Hungary

Appliances and electronics company TDK Hungary Components is investing 3.5 billion forints (EUR 9.2m), which comes with a 1.5 billion forint government grant, at a plant in Szombathely, in western Hungary, the company announced.
Hungary Enjoys Record Investments & Exports

Hungary Enjoys Record Investments & Exports

New records in investments and exports “can now be taken for granted” for this year, the minister of foreign affairs and trade told parliament’s economic committee.
Battery Recycling Plant Using “World’s Latest Technology” to Be Built in Hungary

Battery Recycling Plant Using “World’s Latest Technology” to Be Built in Hungary

Slovenia’s Andrada Group will build a battery recycling plant using “the world’s latest technology” at Alsózsolca, in northern Hungary, the minister of foreign affairs and trade said.
EU’s Average Jobless Rate About 1.5 Times Higher Than Hungary

EU’s Average Jobless Rate About 1.5 Times Higher Than Hungary

Hungary’s jobless rate was 4% in February, up from 3.9% in the previous month, the Central Statistical Office (KSH) said.
Vodafone Starts Negotiating Exit from Hungary for HUF 715 Billion

Vodafone Starts Negotiating Exit from Hungary for HUF 715 Billion

Vodafone Group has entered into heads of terms with 4iG Public Limited Company and Corvinus Zrt in relation to the potential sale of 100% of Vodafone Magyarország Távközlési Zrt (Vodafone Hungary) for a total cash consideration equivalent to an enterprise value of HUF 715bn (€1.8bn).
Energy-Saving Investments Speeding Up in Budapest, Says Mayor Karácsony

Energy-Saving Investments Speeding Up in Budapest, Says Mayor Karácsony

Budapest is speeding up its energy-saving investments, Gergely Karácsony, the city’s mayor, has said.