Pátria Nyomda Zrt. spent a total of HUF 1.1 billion (approx. EUR 3 million) on development this year, including more than EUR 2 million on printing machines.

Hungary, Serbia and Slovenia will operate a joint regional power exchange from 2024, the Ministry of Energy has announced.

BorgWarner is investing a further HUF 25 billion (EUR 65 million) in its Oroszlány site to manufacture components for hybrid and electric cars in the future.

The cloud industry projects of 4iG Nyrt. and E-Group ICT Software Zrt. have been classified as projects of high European interest by the European Commission.

Mol has signed an agreement with the Indotek Group to acquire a 15% stake in Waberer’s. In parallel with this transaction, Mol and Waberer’s have signed a strategic cooperation agreement.

After a trial run over the summer, the Four Points by Sheraton Budapest Danube Hotel has officially opened in Újlipótváros (in district 13).

Wasion Holdings Ltd. is investing around HUF 4 billion (EUR 10.526 million) in Gödöllő to produce around 1 million smart meters per year from 2025.

Yettel launches standalone 5G technology in Hungary. The first standalone 5G network in the country is a milestone.

The representatives of employers (AFÉOSZ-COOP, MGYOSZ and VOSZ) and employees (Democratic Confederation of Free Trade Unions) have signed an agreement to increase the minimum wage.

Hungary has emerged from recession. In the third quarter, gross domestic product (GDP) grew by 0.9% compared to the previous quarter.