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• Business

  Śnieżka acquires 80% of Poli-Farbe

  

  Polish paint maker FFiL Śnieżka has agreed to acquire an 80% stake in Hungarian peer Poli-Farbe within the framework of a cooperation agreement, Poli-Farbe said on Tuesday, as reported by Hungarian news agency MTI.

   Tue, Feb. 12, 2019, 10:30

  • Śnieżka
  • Poli-Farbe
  • paint
  • Poland
  • cooperation
  • agreement
• Business

  Strike ends as Audi management, union reach wage deal

  

  Management of the local unit of German carmaker Audi reached an agreement on this yearʼs wages with the Audi Hungaria Independent Trade Union (AHFSZ) on Wednesday afternoon, according to local news reports. The deal brings to an end a nearly week-long strike over pay at Audiʼs base in Győr (NW Hungary).   

   Thu, Jan. 31, 2019, 09:15

  • Audi
  • strike
  • shutdown
  • union
  • wages
  • agreement
  • Győr
• Business

  MOL signs cooperation agreement with BME

  

  The Budapest University of Technology and Economics (BME) and Hungarian oil and gas giant MOL concluded a strategic agreement on cooperation on January 10, opening the way to innovative research and a constant supply of professionals, according to a press release sent to the Budapest Business Journal.

   Fri, Jan. 11, 2019, 11:55

  • MOL
  • BME
  • cooperation
  • agreement
  • research
  • oil
• Business

  Tungsram signs strategic partnership agreement with govʼt

  

  Tungsram Group signed a strategic agreement with the government Monday at the companyʼs Újpest headquarters, with Jörg Bauer representing Tungsram and Minister of Foreign Affairs and Trade Péter Szijjártó representing the government.

   Tue, Jan. 8, 2019, 09:30

  • Tungsram
  • Szijjártó
  • Bauer
  • innovation
  • agreement
  • lighting
• Business

  Tungsram to sign strategic agreement with govʼt

  

  The Tungsram Group is set to sign a strategic partnership agreement with the Hungarian government next Monday at a ceremony attended by Minister of Foreign Affairs and Trade Péter Szijjártó and Tungsram boss Jörg Bauer, the company told the Budapest Business Journal.

   Fri, Jan. 4, 2019, 11:00

  • Tungsram
  • Bauer
  • Szijjártó
  • agreement
  • electric
  • lighting
• Economy

  Govʼt hopes for last-minute minimum wage agreement

  

  Gergely Gulyás, the minister in charge of the Prime Ministerʼs Office, expressed hope employers and unions can reach a last-minute agreement on next yearʼs minimum wage increases before the end of December, fielding a question at a weekly press briefing on Thursday.

   Thu, Dec. 13, 2018, 12:12

  • minimum wage
  • salary
  • union
  • employer
  • Gulyás
  • agreement
• News

  CEU ‘forced out’ as deadline for govʼt agreement passes

  

  As Hungary’s amended law on higher education prevents the Central European University (CEU) from being able to accept new students after January 1, 2019, the university will be obliged to launch all U.S.-accredited degree programs in Vienna from September 2019, says a CEU press release sent to the Budapest Business Journal on Monday.

   Mon, Dec. 3, 2018, 14:38

  • CEU
  • Budapest
  • government
  • education
  • agreement
  • campus
  • New York
  • Vienna
• Business

  University of Miskolc inks deal with SEG Automotive

  

  The University of Miskolc and SEG Automotiveʼs plant in the northeast Hungarian city have signed a cooperation agreement with the aim of maintaining strong and efficient professional relations, as well as defining forms of cooperation beneficial for both parties.

   Wed, Nov. 21, 2018, 12:00

  • Miskolc
  • university
  • SEG
  • cooperation
  • agreement
  • automotive
• Business

  Tungsram and Budapest Airport join forces

  

  One of the oldest brand names in Hungary, Tungsram, known originally for its light bulbs and relaunched in April 2018, has entered into a strategic agreement with Budapest Airport, operator of Ferenc Liszt International Airport, reveals a press release sent to the Budapest Business Journal.

   Wed, Nov. 14, 2018, 09:30

  • Tungsram
  • Budapest Airport
  • agreement
  • VIP
  • lighting
  • Bauer
  • Lammers
• Analysis

  CBCR duties may still affect Hungarian firms, despite agreement

  

  With the signing of an agreement regarding the automatic transfer of Country-by-Country Reports (CBCRs), the administrative burden of submitting CBCRs to tax authorities is significantly eased for firms in Hungary with parent companies in the U.S. However, some challenges still remain, according to a press release sent to the Budapest Business Journal.

   Wed, Nov. 7, 2018, 08:30

  • CBCR
  • tax
  • reporting
  • administration
  • Deloitte
  • agreement