A Memorandum of Understanding on the production of combat vehicles in Hungary was recently signed at the Ministry of Defence.

The Ministry of Economic Development signed an agreement with ICBC, the world’s largest bank.

Property developer Indotek Group has signed an agreement with Auchan Magyarország Kft, majority owned by the French Mulliez family.

Egis Zrt. has established a new business unit, Egis Pharma Services, to develop and produce active substances for other pharmaceutical companies.

The Monetary Council of the National Bank of Hungary (MNB) cut the base rate by 75 basis points to 12.25%.

The Swiss wood processing company Swiss Krono Kft. – a subsidiary of the Swiss Krono Group – will build a new plywood production plant worth HUF 9 billion (EUR 23.43 million).

The French manufacturer of water treatment technology, Veolia Water Hungary Kft., has inaugurated a new factory building at its site in Oroszlány.

Opus Titász Zrt. has inaugurated a 132/22 kilovolt substation in Macs on the western outskirts of Debrecen.

Nagév Kft. is investing HUF 7 billion (EUR 18.2 million) in a hot dip galvanising plant in Tiszacsege (Hajdú-Bihar County).

Magyar Posta (Hungarian Post) inaugurated the 100th new post office in Csököly (Somogy County) as part of its postal partnership.