Moody’s Upgrades Hungary to Baa2, Outlook Stable
Moody’s Investors Service upgraded Hungary’s sovereign rating to Baa2 from Baa3, with a stable outlook, at a scheduled review on Friday. Hungary’s Moody’s rating is now level with the sovereign ratings assigned to it by Fitch and S+P Global Ratings. “Hungary’s...
Cosmo Consult Group is to set up IT Development and Service Centres in Debrecen and Szeged
The Hungarian subsidiary of the Cosmo Consult Group will establish new IT development and service centres in Debrecen and Szeged providing business IT solutions. With an investment of some HUF 785 million, the company with a German background active in 26 countries,...
Hungary’s Innovation Moves Up One Place on Global Index
Hungary has moved up a single place since last year in the Global Innovation Index which measures the performance of 132 economies in terms of their innovation, the ministry of innovation and technology (ITM) said on Tuesday. Notwithstanding the coronavirus pandemic,...
Chinese SEMCORP to Create 440 Jobs Near Debrecen
One of the largest investment projects of this year will involve a 65 billion forint (EUR 185m) investment project backed by 13 billion forints of state support, creating 440 new jobs near Debrecen, in eastern Hungary. Chinese company SEMCORP is to complete a factory...
