The International Canoe Federation is poised to elect its new
President with Germany's Thomas Konietzko and Evgenii Arkhipov of
Russia seeking to succeed the outgoing José Perurena.
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BUDAPEST (Reuters) - Hungarian car dealer Realszisztema has shelved plans to build a $1.7 million service facility and warehouse. Auto supplier AGC Glass Hungary, too, is turning away from expansion ambitions as it faces a future of fewer workers and sliding sales.
FILE PHOTO: Hungary s Prime Minister Viktor Orban arrives for the first face-to-face EU summit since the coronavirus disease (COVID-19) outbreak, in Brussels, Belgium July 19, 2020. John Thys/Pool via REUTERS
The companies are part of an auto industry that until recently had been a mainstay of a strong Hungarian economy, and a sector that Prime Minister Viktor Orban has hailed as a testament to his stewardship of the nation.