Hungary's 4iG has called off talks on buying the country's leading ICT company T-System, a subsidiary of Deutsche Telekom. Rumours the deal was falling through caused 4iG shares to plunge 10% before the news was confirmed.
Sexual harassment case involving a high profile director gave Hungary's right-wing government a pretext to overhaul funding for cultural institutions and increase state control over theatres.
HUF1.2bn fine for misleading statements, is the biggest ever fine levied in a consumer protection case in Hungary.
fectly placed to grow further after the relocation of its HQ s to Budapest. Of the five major international development banks operating in the EU, IIB is the only one stationed in the region and is building on its CEE identity
Plantcraft Innovacios has developed soy, gluten, and additive-free cold cuts using natural plant protein sources. It's now targeting the US where a revolution in plant-based meat substitutes is already underway.
What are the odds on China, Iran and Russia creating a new world currency? On Moscow slashing oil production? And on Hungary making a ‘Huxit’ while Trump gets an election hammering?
China is Hungary's largest business partner outside of the EU with bilateral trade rising to $9bn last year, and is set to increase further with the opening of new air links.
International Investment Bank recently moved its headquarters to Budapest, and since then has already increased its loan portfolio by 11% and expanded its investor base.
The Hungarian forint extended losses on the interbank market, slipping to 337.2 versus the euro on November 26, with analysts blaming the central bank's extremely loose monetary policy.
Alteo's five-year strategy sets out the goal of becoming Hungary's number one industrial energy supplier and reaching a 50% share in renewable sources in district heating.
Smaller shops have trouble financing rising wages and have been hit by the migration of workers to larger, multinational retailers.
Without question, rising debt levels have supported global growth since the 2008 financial crisis. However, there are increasing questions about the marginal utility of further borrowing—and a lot of concern that a continued ramp-up in debt could sp
Matrai Eromu has incurred losses due to rising carbon prices, and its future is in danger as a result of tighter rules on carbon-powered plants in the EU.
Budapest seeks to delay repayment of Russian loan for nuclear power plant expansion as new units now not expected to be up and running before 2030.
Hungary’s economy extended gains in Q3 as domestic growth has decoupled from weak European and German industrial performance.
Hungarian PM Viktor Orban's obsession with football is legendary, and critics say spending on sports infrastructure is draining money away from the health sector and education.
The finance ministry and the state debt manager, AKK, did not want to launch a new bond issue against a successful bond programme already in place.