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HUNGARIAN FACTORY
Hungary clings to Russian oil, gas as EU and NATO push to cut suppliesHungary's government continues its reliance on Russian energy despite EU pressure. Prime Minister Viktor Orban states economic collapse wou...
What is China's Jinjiang, the BYD contractor under fire in Brazil?China's Jinjiang Group faces accusations by Brazil's labor authorities of human trafficking and slavery-like conditions at a BYD factory in...
China's Xi Jinping calls on world powers to help Russia and Ukraine resume direct dialogueDuring a meeting with China's Xi, Hungarian PM Viktor Orban discussed Russia-Ukraine peace talks, facing disapproval from EU and NATO. Orba...
China's Xi Jinping in Hungary to discuss Ukraine, infrastructureXi, who arrived in Budapest late on Wednesday, can expect a warm welcome in a country that is an important partner in trade and investment,...
Xi Jinping is on a mission to drive a wedge between Europe and the USChinese President Xi Jinping will begin his five-day trip to France, Serbia and Hungary on May 5, according to the Foreign Ministry in Beij...
Chinese automakers open factories abroad as export clout causes frictionThe growing clout of China car exports has been causing friction with the U.S. and Europe.
Hungary announces 'guest-investor program' six years after shutting its Golden VisaThe “guest-investor program” allows those who invest at least €250,000 ($271,000) in local property funds or €500,000 in Hungarian real est...
Charting the global economy: 'Reglobalization' in the face of economic and geopolitical challengesA US-China trade war, a global pandemic, Brexit and Russia’s war in Ukraine have rattled the once-entrenched ways that the world’s largest ...
Hungary explores investment opportunities in water, agriculture and food processing, and S & T sectorsThe Hungarian side also signed the International Solar Alliance Framework Agreement coinciding with the visit of its Foreign Affairs and Tr...
BMW, Audi suspend shipments by train to China due to Ukraine warAudi also proactively suspended rail transports to and from China via Russia with the Trans-Siberian Railway immediately after Russia's inv...
Suzuki's Hungarian factory suspends car exports to Russia and UkraineCentral Europe is facing the economic fallout that has followed Russia's invasion of Ukraine on Feb. 24, including from harsh Western sanct...
Jumping on EV wagon represents risky ride for tech pioneer SonyThe primary goal of Sony-branded cars, analysts say, is to create an autonomous connected vehicle for services such as car sharing and ride...
Exit game: Central banks' shift from crisis policies gathers momentumSouth Korea's central bank on Thursday raised its benchmark interest rate by a quarter of a percentage point to blunt rising financial stab...
Changing times: Auto industry set to put brakes on central Europe's Covid-19 recoveryAfter communist rule ended three decades ago, the auto sector became an important source of foreign investment, employment and growth. But ...
“We are fed up of powers lecturing countries on internal affairs”: Hungarian FM“Hungary does not interfere in internal matters of other nations. We are fed up. We are fed up of outside powers lecturing us on internal m...
Audi launches electric SUV in Tesla's backyard, with assist from AmazonAudi will partner with online retailer Amazon to sell and install home electric vehicle charging systems to buyers of the e-tron, the compa...
Syria's Assad regime used mobile weapons labs to hide the chemical arms program it agreed to destroySyrian president Bashar Assad went to great lengths to hide Syria's chemical weapons program from the world.
Meet Dinesh C. Paliwal, the turnaround specialist who transformed Harmon InternationalHaving had a storied career at ABB, when Paliwal accepted the top job at Harmon International, the company was in dire straits with costs r...
- Mercedes sets up luxury-car facility in Hungary to compete with BMW
The factory will help meet its goal of boosting sales 27% by 2015, while at the same time raising profitability with models like the A-Clas...
- General Electric to axe 2,700 jobs in Hungary
US industrial giant General Electric said on Wednesday it will axe 2,700 jobs in Hungary over the next two years after a decision to phase ...