Hungarian businessman Lorinc Meszaros and agricultural and food group Talentis Agro, a member of his Meszaros Group, said on Friday they have signed a deal
US-based hotel operator Marriott International said the Opatija Marriott Hotel, which is under construction in the coastal resort of Opatija in Croatia, is
Orban Ally Bolsters International Reach With Stadler Rail Deal
This content was published on January 27, 2021 - 13:30
January 27, 2021 - 13:30
(Bloomberg) A Hungarian conglomerate controlled by Prime Minister Viktor Orban’s closest business ally bolstered its international ambitions through a partnership with Swiss-based Stadler Rail AG. Stadler shares headed for their biggest gain in almost a year.
Meszaros Group and Stadler are entering a joint venture to build a Hungarian factory to produce rail cargo cars for the domestic and international markets, according to a statement on Wednesday. The Hungarian company is helping build the $2 billion Budapest-Belgrade cargo line that forms part of China’s Belt and Road infrastructure initiative.