Ming Huang

Sights

Report: State aid saved water companies last year

State aid provided to Hungarian state-owned water utility providers saved the companies from booking almost HUF 10 billion in accumulated...

In Hungary

Report: Audi Hungaria employees could go on strike

A potential strike is looming at the Hungarian plant of German car manufacturer Audi in Győr, as a result of...

Telco

Report: Gas price rises, diesel remains unchanged

Hungarian oil and gas company MOL raised the per liter price of 95 gas today by a gross HUF 3,...

Deals

Hungarian Competition Authority issues less fines, focuses on banks

There has been a substantial decrease in the past two years of the number and amount of fines issued by...

Telco

Lázár: Government help needed to save dairy sector

The Hungarian government is working on a detailed program to help the country’s dairy industry with negotiations on the matter...

History

Hungarian passport ranks tenth on visa-free list

Hungary was ranked tenth on a list compiled by Henley & Partners, the global leader in residence and citizenship planning,...

Sights

Report: World’s largest aqua park could be built at Lake Balaton

The world’s largest aquapark, a 110-acre indoor water entertainment center, could be built next to Hungaryʼs Lake Balaton between Balatonalmádi...

Retail

Tesco Hungary online employees threaten to go on strike

Tesco’s entire online division in Hungary is planning to go on strike in March if all of the workers do not...

Deals

Report: Activists take over OTP branch in FX loan protest

An activist group referred to as “I won’t give up my home” gathered supporters on Facebook prior to taking over...

Initiatives

Magyar Telekom launches career orientation program

The Hungarian unit of German telco giant Deutsche Telekom has launched a career orientation program in Hungary for secondary school...

Tourism

Hungarian tourist numbers in Croatia reach a record 465,000 in 2015

A record number of approximately 465,000 Hungarian tourists spent a combined total of 2.5 million nights in Croatia over the...

Analysis

KFI: Hungary’s GDP growth could drop to 2.2%

According to estimates of the Fiscal Responsibility Institute (KFI), a non-profit think thank, Hungary’s GDP growth could drop to 2.2%...

Food

Survey: Hungarians expect to work as pensioners

The majority of Hungarians expect to work even as pensioners, and will have less time for leisure activities as a...

Sights

Report: Tax authority confiscates large inventory of contraband cigarettes

During its most recent investigation, Hungary’s National Tax and Customs Authority (NAV), with the help of local police, confiscated approximately...

Competition

Report: 85% support reopening stores on Sunday

In a poll conducted recently by online news portal origo.hu, 85% of the siteʼs readers said they support the reopening...

Conferences

Autoliv workers, management agree on wage rise, after strike

Following a two-hour long strike last week, Autoliv Kft.ʼs management board finally came to an agreement yesterday with the Vasas...

Telco

MÁV to spend HUF 30 bln on railroad cars

Hungarian state-owned railway company MÁV-Start is planning to produce its own railway cars for approximately HUF 30 billion, Hungarian online...

Banking

Tállai: Hungary committed to single digit personal income tax

The governmentʼs objective remains pushing personal income tax into the single-digits, although, it is unclear what the income tax reduction...

Automotive

Rampini to open bus factory in Hungary

In the past few days, Stefano Rampini, Chief Executive of Rampini, – one of the largest bus producing factories in...

Conferences

Autoliv employees hold two-hour-long strike

As a result of failed negotiations with management regarding wage increases, employees at Autoliv Kft. in Sopronkövesd, western Hungary, held...

Analysis

Vodafone Hungary to take over Tesco Mobile

Following Vodafoneʼs takeover of Tesco Mobile during the period of April 6-16, Tesco Mobile customers will no longer be able...

Hotels

Four-star Hotel Yacht opens at Lake Balaton

Hotel Yacht, a brand new four-star hotel opened yesterday in Siófok on Lake Balaton, near the cityʼs marina, realized with...

Initiatives

Strike committee formed at Autoliv automotive supplier

A strike committee was formed yesterday at the Sopronkövesd-based Autoliv Industry and Trade Ltd., after failed negotiations regarding wage increases...

Telco

Vehicle gas prices continue to rise in Hungary

Hungarian oil and gas company MOL today raised the gross price of type 95 vehicle gas by HUF 6 per...

Retail

Report: Tesco employees could go on strike in Hungary

Employees of the Hungarian subsidiary of retail giant Tesco have formed a strike committee and are planning to go on...

Initiatives

ABB supports Hungaryʼs Óbuda Universtiy

The Hungarian subsidiary of swiss multinational ABB Group donated a compact digital excitation control device known as the “Unirol 1010”...

Conferences

Intel Corporation’s Hungarian co-founder dies at 79

Andrew S. Grove (Gróf András), the legendary co-founder and former CEO of Intel passed away yesterday at the age of...

Survey: Hungarians expect to work as pensioners

The majority of Hungarians expect to work even as pensioners, and will have less time for leisure activities as a...

Report: Tax authority confiscates large inventory of contraband cigarettes

During its most recent investigation, Hungary’s National Tax and Customs Authority (NAV), with the help of local police, confiscated approximately...

Report: 85% support reopening stores on Sunday

In a poll conducted recently by online news portal origo.hu, 85% of the siteʼs readers said they support the reopening...

Autoliv workers, management agree on wage rise, after strike

Following a two-hour long strike last week, Autoliv Kft.ʼs management board finally came to an agreement yesterday with the Vasas...

MÁV to spend HUF 30 bln on railroad cars

Hungarian state-owned railway company MÁV-Start is planning to produce its own railway cars for approximately HUF 30 billion, Hungarian online...

Tállai: Hungary committed to single digit personal income tax

The governmentʼs objective remains pushing personal income tax into the single-digits, although, it is unclear what the income tax reduction...

Rampini to open bus factory in Hungary

In the past few days, Stefano Rampini, Chief Executive of Rampini, – one of the largest bus producing factories in...

Autoliv employees hold two-hour-long strike

As a result of failed negotiations with management regarding wage increases, employees at Autoliv Kft. in Sopronkövesd, western Hungary, held...

Vodafone Hungary to take over Tesco Mobile

Following Vodafoneʼs takeover of Tesco Mobile during the period of April 6-16, Tesco Mobile customers will no longer be able...

Four-star Hotel Yacht opens at Lake Balaton

Hotel Yacht, a brand new four-star hotel opened yesterday in Siófok on Lake Balaton, near the cityʼs marina, realized with...

Strike committee formed at Autoliv automotive supplier

A strike committee was formed yesterday at the Sopronkövesd-based Autoliv Industry and Trade Ltd., after failed negotiations regarding wage increases...

Vehicle gas prices continue to rise in Hungary

Hungarian oil and gas company MOL today raised the gross price of type 95 vehicle gas by HUF 6 per...

Report: Tesco employees could go on strike in Hungary

Employees of the Hungarian subsidiary of retail giant Tesco have formed a strike committee and are planning to go on...

ABB supports Hungaryʼs Óbuda Universtiy

The Hungarian subsidiary of swiss multinational ABB Group donated a compact digital excitation control device known as the “Unirol 1010”...

Intel Corporation’s Hungarian co-founder dies at 79

Andrew S. Grove (Gróf András), the legendary co-founder and former CEO of Intel passed away yesterday at the age of...