Szijjártó: SK Innovation Brings Biggest Greenfield Investment in Hungary’s History
South Korean company SK Innovation is bringing to Hungary a new 2.3 billion US dollar battery plant in what will be the country’s biggest ever greenfield investment, Péter Szijjártó, the minister of foreign affairs and trade, said on Friday. The development in...
Two US Automotive Companies to Invest HUF 12 Bn in Hungary
American automotive companies BorgWarner and Jabil are launching investments in Hungary worth a combined 12 billion forints (EUR 33.5m) and will receive 4.4 billion forints of government support, the minister of foreign affairs and trade said on Tuesday. Péter...
Deal Reached to Hike Minimum Wage 4%
A deal was reached on Monday to hike the minimum wage by 4 percent from Feb. 1. The monthly minimum wage for unskilled workers before tax will rise from 161,000 forints (EUR 450) to 167,400 (EUR 466), while skilled workers will receive 219,000 forints (EUR 610), up...
Coronavirus: Ukraine Red-lists Hungary
Ukraine has re-classified Hungary as high-risk regarding the coronavirus epidemic, Ukrainian news agency UNIAN said on Saturday. Travellers entering Ukraine from “red-zone” countries are required to self-quarantine for two weeks, or show negative test results no older...
