Minister of Innovation and Technology László Palkovics announced plans to host MotoGP races in Hungary from 2022, with governing party Fidesz Vice President Lajos Kósa hinting at the construction of a new circuit in Eastern Hungary, according to multiple local media reports.
Turkish President Recep Tayyip Erdoğan held talks with Hungarian Prime Minister Viktor Orbán on Thursday, with the two politicians touching on a variety of topics, from energy supply diversification to the situation in Syria, according to multiple reports.
The OECD has released its latest interim global economic outlook report, and it looks more pessimistic than ever, cutting back on global growth prospects. Rating agency Fitch also published a gloomy outlook recently. Hungary, thus far, has able to swim against the tide.
Hungarian oil and gas company MOL said it has raised its guidance for 2020 EBITDA, cleared of one-off effects and adjusted for current cost of supplies (CCS), to USD 2.4-2.6 billion in a presentation to investors on Thursday.
Third-quarter after-tax profit of Magyar Telekom (MTel) fell 10% year-on-year to HUF 13.0 billion as accounting changes offset a small rise in revenues and a modest drop in costs, an earnings report released after market closing on Wednesday shows.