Hungary to face severe economic recession because of the coronavirus

Based on the latest analysis of the Morgan Stanley, the recession might reach 8.5 pc in the Q3, and it...

Audi Hungaria management, unions reach three-year wage deal

The management of German car maker Audi's plant in north-western Hungary's Győr signed a three-year...

Car industry giants to shut down in Hungary – huge economic problems on the horizon?

A significant part of the Hungarian GDP comes from automotive giants like Audi, Opel, Suzuki and...

Audi’s Hungarian plant to suspend production because of coronavirus

German carmaker Audi will halt production at its plant in Győr, northwestern Hungary, next Monday due...

ABB to close plant in Hungary, laying off close to 1,000!

ABB on Tuesday announced plans to shut down its circuit breaker plant in Ózd (NE Hungary), laying off...
Daily News Hungary

Hungary PPI rises by 2.1 pc in 2019

Industrial producer prices rose by 2.4 percent in December from the same month a year earlier, the...
china-coronavirus

Samsung factory in Hungary screening Chinese employees

Samsung's Hungarian unit near Budapest has put plans in place to screen its Chinese employees in...
suzuki hibrid

Magyar Suzuki to make only hybrid models for EU markets from 2020

Japanese car maker Suzuki will produce only cars fitted with hybrid engines from this year for EU...

HungaryTrends – The previous week in business and finance

See below MTI's main business and financial news from the previous week: AUDI HUNGARIA...

Foreign minister praises Hungary’s economic performance in Hong Kong

Within just ten years Hungary "became first from last" in terms of economic growth in the European...