NewsLetter

German car maker Audi starts production of new generation Audi TT Coupes in Hungary

Hungary's largest exporter, automotive company Audi Hungaria, the Hungarian subsidiary of German automotive firm Audi AG, has launched the production of second-generation Audi TT Coupe cars, the company announced in a statement Tuesday.

Japanese pharma co. Astellas sets up Hungarian unit in bid to boost European market position

Astellas Pharma Ltd, Japan's third-largest pharmaceutical company, has set up a legal entity in Hungary to support sales and marketing activities on what the company believes is a promising market for its products.

Hungary will remain global production center for US IT giant HP's tape storage devices

US hardware giant Hewlett-Packard (HP) will continue to manufacture its entire line of tape storage devices in Hungary, with production of the newest generation products to start in the near future at the Zalaegerszeg, western Hungary, plant of HP's contracting partner Flextronics, company officials said on Thursday.

Hungary's new

Hungary's government Tuesday submitted to parliament planned legislation on a new "bank tax," a 20% tax levied on interest subsidies received by financial institutions from the government. However, the scope of the new tax, one of many budget revenue-boosting steps unveiled by the government last weekend, is not yet extended to insurance firms as originally planned.