Hungary-based Genevation Aircraft has unveiled its first hydrogen fuel cell powered aircraft developed jointly with US-based Alaka'i Technologies.
McDonald’s opened its first restaurant in Hungary in April 1988 and since then it has become a dominant player in the fast food market.
V4 plus Austria agree on issues such as migration, border security and enlargement, but differences arise over nuclear energy as a solution to climate crisis.
For MET, an integrated European energy company with roots in Hungary, the partnership with Keppel is the next step to exploring joint energy infrastructure investment projects in Europe.
Hungary's headline inflation rose remarkably in December, as expected, mainly on the back of energy prices. But what's more important is that core inflation slowed somewhat, so we see the central bank remaining calm.
Prime Minister Viktor Orban's government has long advocated a "procreation over immigration" approach to deal with demographic decline.
MNB governor Gyorgy Matolcsy blamed the government for a lack of strategy that has contributed to spiralling prices.
CEESE had a good year in 2019, with the economies in the region buoyed by increasing domestic consumption and capital spending that allowed the region to decouple from western Europe.
Capacity of SK Innovation's second Hungary factory to be raised to 16 Gwh equivalent to meet soaring demand from European carmakers.
The European Commission’s batch of Economic Sentiment Indicators (ESIs) fell sharply in December, although they remain consistent with regional GDP growth holding steady at around 3.6% y/y in Q4. Robust domestic demand should help to cushion the blow
Ruling Fidesz is under pressure both at home and abroad, but neither politics nor the worsening external environment have so far dented Hungary’s stellar economic growth.
The sale came at the right time for oligarch Lorinc Meszaros, as Matrai Eromu’s preferential agreement with former owner RWE on carbon prices will expire in 2021, and its future is also in danger due to tighter rules on EU carbon-powered plants.
Budapest expects export growth to outstrip import growth from 2021, but pace of growth for both household consumption and fixed investment set to slow.