Canadian Company to Buy Rubik’s Cube for HUF 15 Billion
A Canadian company, the Spin Master toy factory, will acquire Rubik’s Brand Limited, a company that owns the Rubik’s Cube, for 50 million dollars, more than HUF 15 billion. Founded in 1994, Spin Master is one of the largest players in the gaming industry, generating...
Maximum Fine Triples for Quarantine Rules Violators
Lawmakers on Monday approved several changes to Hungary’s rules on quarantine which include increased fines for violators. The new regulations raise the maximum fine that can be levied for breaches of home quarantine orders from 50,000 forints to 150,000 forints (EUR...
New Regular Air Service to Start between China, Hungary
A new air service is operating between Zhengzhou and Budapest three times a week to help relaunch fast and unhindered trade between China and central Europe, an official of the ministry of innovation and technology said on Wednesday. The first flight operated by...
Huawei to Set up R+D Centre in Budapest
Chinese telecommunications giant Huawei is setting up a research and development centre in Budapest, Minister of Foreign Affairs and Trade Péter Szijjártó said on Tuesday. The investment, which will create jobs for at least 100 Hungarian engineers, is Huawei’s third...
