Hungary's competition watchdog cleared the merger of Hungarian online electronics retailer Extreme Digital with eMAG, a unit of South Africa's Naspers group on October 17, creating one of the largest online retail networks in CEE
Borkai clings on as mayor of Gyor in local elections by few hundred votes. Analysts say scandal was only tipping point for many voters, who dealt ruling party some big defeats.
On October 13, on either side of the Tatras mountains, “illiberal democrats” faced their latest litmus tests. The ruling parties of PiS and Fidesz retain their grip on power, but in both countries foreign investors don't seem to care
Ruling Fidesz party loses Budapest after nine years. Overall results across country amount to first serious electoral reverse for Viktor Orban since 2010.
Ambitious expansion plans for the plant near Budapest will make it one of the largest in the world, as Hungary becomes a centre of EV battery production for Europe's growing electric car industry.
Fall in volume and value of deals revealed in CMS/Mergermarket report is in line with decline seen across Europe as economic slowdown, Brexit uncertainty and global trade wars hit sentiment.
The output of Hungary's industrial sector edged up 0.3% y/y in August, slumping from 12% growth in the previous month, the statistics office KSH said, as growth in the automotive segment slowed significantly.
An anonymous blogger has released a sex video showing Zsolt Borkai, the Fidesz mayor of one of Hungary's largest cities, on a yacht with prostitutes less than one week before the local government elections, local media reported on October 6.
Hungary can rely on two energy sources, nuclear and solar energy to meet the climate goals set out in the Paris Agreement, said President Janos Ader recently.
Slovenian national carrier Adria Airways's decision to file for bankruptcy followed the demises of a series of other European airlines against the underlying trend of an air transport market in the throes of consolidation.
Foreign Minister Peter Szijjarto says move guarantees domestic supply security and allows Hungary to store gas for other countries, after Gazprom agrees to top up Hungary's gas reserves.
Four South Korean e-car battery makers have chosen Hungary for their production sites, as European car manufacturers prepare to expand or replace their existing models with new fully electric or hybrid models.
Hungary has reached the limit of new job creation so the goal will shift from creating workplaces to strengthening technological development and R&D.
In an unprecedented development, MEPs Rovana Plumb and Laszlo Trocsanyi were rejected by the European Parliament Committee on Legal Affairs over conflicts of interest.
The Hungarian government will fight to reverse a ruling on taxing palinka, the traditional fruit brandy, a popular theme among rural voters where the ruling Fidesz party is expected to secure another landslide.
The incoming president of the European Commission, Ursula von der Leyen, took an unexpected decision of nominating Hungarian Laszlo Trocsanyi as commissioner for expansion as Hungary increases its influence in the region
State-owned venture capital fund Hiventures will pick companies it deems bourse-ready from its portfolio and ready them for inclusion on the stock exchange's Xtend market.