• Black Labor Market Keeps Expanding

    Black Labor Market Keeps Expanding

    • 26 Apr 2018 9:29 AM

    Hungarian authorities imposed more than HUF 200 million in fines last year related to labor irregularities. Illegal hiring of workers grew by 5% between 2016 and 2017, business news portal vg.hu reports.

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  • Expat CEO Resigns From Magyar Telekom

    Expat CEO Resigns From Magyar Telekom

    • 25 Apr 2018 1:22 PM

    Magyar Telekom has announced the resignation of its chief executive Christopher Mattheisen, who will leave the company on July 1 after many years in charge of the giant Hungarian company. He will be replaced by Tibor Rékasi.

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  • Mészáros To Focus On Businesses After Quitting As Mayor

    Mészáros To Focus On Businesses After Quitting As Mayor

    • 25 Apr 2018 12:43 PM

    Mega investor Lőrinc Mészáros, one of Hungary’s richest men and a childhood friend of Prime Minister Viktor Orbán, said he would continue supporting local residents and strengthening enterprises in Felcsút, a small town near Budapest, after his resignation as local mayor there, daily Magyar Idők said.

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  • EC Hopes To Reclaim HUF 13bn From Elios Contracts

    EC Hopes To Reclaim HUF 13bn From Elios Contracts

    • 25 Apr 2018 12:15 PM

    The European Commission is holding talks with Hungarian authorities on how large a fine Hungary will have to pay for serious irregularities in awarding EU-funded public procurement contracts to public lighting company Elios, anonymous sources told Népszava.

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