Magyar Telekom (MT) has monitored its entire network infrastructure along the Ukrainian border over the last few days, and replaced batteries where necessary to ensure operation in the event of a power outage and expanded its capacity (e.g. a new mobile station) to to cope with the extra demand.

Wizz Air, a discount airline with Hungarian roots, is providing Ukrainian refugees 100,000 free seats. These can be used for flights departing from Poland, Slovakia, Hungary and Romania to European destinations.

The European Single Resolution Board has opened liquidation proceedings for Sberbank Europe AG, the parent company of Sberbank Hungary.

With an investment of  HUF 70 billion (EUR 184 million), the US medical technology company, Becton Dickinson is creating 300 new jobs in Környe. The government is providing state subsidies of HUF 4.4 billion (EUR 11,5 million) for this purpose.

The Danish furniture company, Jysk is building a new logistics center in Ecser (next to Budapest). The investment volume amounts to 200 million euros and is being built on a 143,000 m2 area.

The Baolong Group – one of China’s largest automotive suppliers – is building a greenfield site in Szigetszentmiklós (south of Budapest).

The MVM Group founded MVM GO, a long-term rental service of electric cars. MVM GO thus offers complex services for private customers.

The 4iG Nyrt. acquires 71.6% stake in Antenna Hungária Zrt through a capital increase of HUF 402 billion (EUR 1.13 billion). The state thus holds 28.4% of Antenna Hungária.

The Hungarian economy showed growth of 7.1% in 2021. Compared to the pre-crisis year 2019, GDP even increased by 2.1%. In the Corona year 2020, the adjusted economy shrank by 4.9%.

The Magyar Telekom (MT) spent over HUF 300 billion (EUR 847.5 million) on mobile and fixed-line infrastructure developments over the past six years and HUF 44.7 billion (EUR 120,8 million) in the first three quarters of 2021 alone.