Hungary and Ukraine will submit a €1bn plan to develop their common border area to the EU, officials from the two countries told a press conference on Monday. The plan…

The government of Hungary has spent €3.1bn on renationalising Liszt Ferenc International Airport near Budapest by acquiring an 80% stake from owner-operator Vinci Airports. A handover ceremony was held on…

Hungary is planning to improve traffic flow in Budapest by constructing a Chinese-funded railway bypass and a motorway ring road, local media report.   The V0 railway was discussed during Chinese…

President Xi Jinping’s visit to Hungary last week resulted in commitments to cooperate on rail, nuclear, and other infrastructure, Reuters reports. Hungary’s foreign minister Peter Szijjarto said on Facebook that…

Chinese car maker Great Wall Motors plans to build a big electric vehicle plant in Hungary, media there have been speculating. They believe it will time the announcement to coincide…

Contractors have finished laying track on the remaining Serbian section of the new, China-backed north-south railway between the Serbian capital, Belgrade, and Budapest, capital of Hungary. Costing $1bn, the 108km…

Austrian materials producer Wienerberger says its carbon-neutral concrete roof-tile factory in Hungary will “set a new standard across Europe”. The €30m, 7,300-sq-m plant in Hejopapi will be fully automated, with…

German arms and automotive company Rheinmetall has broken ground on a combined automotive and defence factory in Szeged, Hungary. It will be the company’s first large-scale hybrid site making advanced…

Hungary and the UAE want to cooperate on a €5bn regeneration programme in Budapest, Hungary Today reports.   Hungary’s foreign affairs and trade minister Peter Szijjarto announced the plan on Wednesday…

South Korean contractor Hyundai Engineering & Construction has been chosen from a shortlist of five bidders to install and commission two Westinghouse AP1000 reactors at the Kozloduy nuclear power plant…

Hungary’s government said it is planning to channel €6bn into a “Dubai-style” hub around a partly disused railway station in Budapest, local media reported yesterday. Janos Lazar, the country’s construction…

China’s BYD, the world’s biggest electric-car manufacturer, will build its first European factory in Hungary, Reuters reports, citing the Frankfurter Allgemeine.

A joint venture between South Korea’s LG Electronics and Canada’s Magna International has become the latest EV venture to announce building plans in Hungary.

China’s Sunwoda Electronic will invest up to $274.71m to build an electric-vehicle battery factory in Hungary, Reuters reports, citing a filing to the Shenzhen Stock Exchange yesterday. The money will…

The European Commission has decided to refer Hungary to the European Court of Justice (ECJ) for setting fixed prices for building materials such as sand, gravel, and cement. It objects…

Chinese battery manufacturer Eve Power will build a €3.7bn factory in Debrecen, Hungary, boosting the country’s role as the centre of the European electric vehicle (EV) industry. Hungarian foreign minister…

South Korean battery materials firm EcoPro has begun work on a $290m in a Hungarian plant making cathodes for electric vehicle (EV) batteries. A groundbreaking ceremony was held on Friday…

Hungary and Russia have reached a new agreement to add two VVER-1200 reactors to the Paks nuclear power plant, the Budapest Business Journal reports. The agreement modifies the original contract…