Hungary

Hungary firm buys major stake in Auchan

Hungary’s Indotek Group acquired a 47% stake in the French grocery hypermarket chain Auchan last week. Group founder-owner Daniel Jellinek,…

1 year ago

Fico calls Ukraine ‘frozen conflict’

Slovak Prime Minister Robert Fico has reiterated his stance that Russia's war with Ukraine is insoluble, stoking fears that he…

1 year ago

Hungary may receive billion euros from EU

The European Commission (EC) proposed a shortcut for Hungary to nearly EUR 1bn from its revised national recovery plan on…

1 year ago

CEE inflation eases, but V4 still EU outliers

Hungary remained the EU's most inflationary economy with an annual rate of 9.6% in October, an EU statistics office Eurostat report released…

1 year ago

Shake up at strategic Hungary telco 4iG

Hungarian operator 4iG Group revealed a plan to streamline operations and bring in external investors to raise the overall value…

1 year ago

MOL to start lithium mining in Hungary

Confirming the preliminary expectations, Hungarian energy giant MOL announced in the summer that it will start mining lithium, local business…

1 year ago

Auto sector slides down large company list – Coface CEE Top 500 study

Automotive and Transport has dropped to third place amongst large companies in CEE, as business sectors of Central and Eastern…

1 year ago

Moment of truth for Orban – ING’s report on Poland, Czechia, Romania, Hungary

Central and Eastern Europe (CEE) is becoming increasingly diversified, ING Bank writes in a new report on Poland, Czechia, Romania…

1 year ago

Hungary MOU with Huawei angers US

A memorandum of understanding (MOU) signing between Hungary's 4iG and China’s Huawei, both controversial companies close to their respective governments,…

1 year ago

Orban meets Putin, ‘friend’ Xi, at One Belt and Road Forum in China

Chinese President Xi Jinping backed elevating relations with Hungary and after meeting Hungarian Prime Minister Viktor Orban in Beijing, called him a…

1 year ago