With the dismissal of 200 employees this week, the Hungarian affiliate of mobile equipment manufacturer Nokia completed the mass layoff of 2,300 people. The Finnish company announced in February that[…]

Among regional competitors the Hungarian insurance market has been through the biggest setback since 2010, insurer Aegon’s regional director András Kepecs has said in an interview with website index.hu. “After[…]

Financial institutions have designated 2,866 homes for foreclosure in the third quarter of the year, 10 per cent fewer than in the previous quarter, the State Financial Supervisory Authority (PSZÁF)[…]

The second segment of the Heart of Budapest programme will continue this year with the renovation of Március 15 Square’s southern side. Works will include a wider pedestrian area and[…]

Machinery-parts manufacturer Hantech has inaugurated a HUF 150 million (EUR 528,000) plant in Csorna in western Hungary, to mainly produce for export to Germany. The Hungarian firm went without government[…]

The majority-owner savings cooperatives in Takarékbank approved the sale of a 38 per cent stake by German DZ Bank to state-owned Hungarian National Development Bank at an extraordinary general meeting[…]

German food-processing company Dr. Oetker will construct a HUF 1 billion (EUR 3.52 million) three-storey plant and refurbish the energy systems in Jánossomorja, doubling capacity.

Hungarian property developer Trigranit and the Chinese city of Putian, population 2.8 million, have signed a letter of intent to construct a new city centre and leisure complex. Trigranit said[…]

German drug-store chain Müller opened its EUR 10 million logistics centre in the border town Letenye, near Croatia, on Sunday. The 18,000-square-metre unit will serve the Hungarian, Croatian and Slovenian[…]

Chinese multinational networking and telecommunications equipment manufacturer Huawei is planning to expand its capacity in Hungary and is working on bringing a part of the production of one of its[…]