Sanyo to shed light on sackings rumour
The Dorog solar panel factory of Sanyo is planning to dismiss 400 employees, anonymous workers of the plant told state news agency MTI on Wednesday. The human resources department at[…]
Innovation via co-operation
Co-operation between the city of Debrecen, its chamber of commerce and drug maker Richter Gedeon saw a HUF 6 billion (EUR 20.85 million) pharmaceutical innovation centre opened by President of[…]
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Couch potatoes boost chips tax
In April, May and June the state’s revenue from the “chips tax” totalled HUF 5 billion (EUR 17.54 million), the highest amount recorded in a quarter since its introduction last[…]
Gov’t hampering firms: poll
The government’s policies toward corporations have resulted in delayed or completely abolished foreign investments, revised business plans and job dismissals, Hungarian executives polled by news agency Bloomberg say. “In 2011[…]
Bank cuts forecast, sees recession
Hungary’s economy will shrink by 1.3 per cent this year, the European Bank for Reconstruction and Development said in a quarterly report this week. Falling domestic consumption and the unwillingness[…]
Deficit at 90% of year-end target
The budget deficit stood at HUF 517.7 billion (EUR 1.81 billion) at the end of June, 89.8 per cent of the full-year target, the National Economy Ministry has announced. The[…]
Chamber trade mission to Canada
With a free trade deal between Canada and the EU within reach of being signed this year, the Canadian Chamber of Commerce in Hungary (CCCH) is organising a trade mission[…]
Denzel puts out feelers in Hungary again
McLaren makes market entry in Hungaroring week
Things have already got off to a promising start for McLaren Vienna, which is owned by Denzel Sportscars Vienna GmbH, as the company makes its market entry in Hungary. Managing[…]
Car makers bolster industrial output
Hungary’s automotive sector is on the ascendant, with exports in May showing a large upswing that almost lifted overall industrial output figures into the black, a report released by the[…]
Sales launch of Smart II
Vodafone makes red snow fall
To indicate the almost absolute improbability of a given event occurring, Hungarians use the expression “ha piros hó esik” (if red snows falls). For example: “Hungary will be the working[…]
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