MOL Petrolkémia Zrt. is building a propylene plant in Tiszaújváros at a cost of HUF 65 billion (EUR 175 million).

Hungary’s supply of natural gas and electricity is secured, confirmed by the Hungarian Energy and Public Utility Regulatory Authority (MEKH). Regardless of the Ukraine war, Gazprom delivers reliably via the various pipelines. The Hungarian gas storage facilities are still about 20% full.

In view of the Coronavirus pandemic and the Ukraine war, security of supply has become a factor of national security, explained Foreign Trade Minister Péter Szijjártó in Tiszafüred at the inauguration of a new factory of ABO HOLDING Zrt.

By the end of the year, a new vehicle hall will be built at the AVL Hungary site near Budapest for HUF 6.3 billion (approx. EUR 17 million). The Graz-based AVL Group is a global leader in the development of drive systems.

The French SUEZ Water Technologies & Solutions is expanding its capacities in Oroszlány. As part of the investment of HUF 9.6 billion (EUR 25 million), the largest European production capacity for water treatment membranes will be created here by September 2024, as well as 85 new jobs.

The Bosch Group is further expanding its research and development activities in Hungary. The company is building a development and testing complex in the immediate vicinity of the ZalaZone test track in Zalaegerszeg.

Consumer prices rose by an average of 8.3% in February. This is the highest inflation rate since August 2007. Compared to January, prices increased by 1.1%.

The government has now also introduced a cap on wholesale fuel prices at 480 HUF/liter (1,27 EUR/liter). The reason given was that the petrol station leaseholders should still not be expected to sell petrol and diesel below the purchase price.

Since March 1, the mobile phone company Telenor Magyarország has been operating under the name Yettel Magyarország Zrt. The new brand name was also introduced in Serbia and Bulgaria.

Hungary has taken in 120,000 refugees from Ukraine. Hungarian society was gripped by a wave of solidarity; in addition to numerous civil organizations and government agencies, many citizens also help to support the victims of the war.