Budapest defies pressure from the US to exclude the Chinese tech giant, sending a clear message to global political and economic actors.
Memorandum between state agencies and commercial companies is seen as the first major decision of the Law and Justice-led government after the election, which gave it another four years in power.
Ranking of fastest growing CEE tech companies led by Lithuania’s Voltas IT includes 31 new entrants reflecting hyper rapid pace of tech sector development in the region.
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
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.