September 2008

Hungary Q2 GDP Grew by 2.1%

Hungary's second-quarter gross domestic product (GDP) grew by an unadjusted 2.2%.


R&D Office Announces Tenders for HUF 6 Billion in Grant Money

Hungary's National R&D Office announced on August 14th 2008 tenders for a combined HUF 6 billion in grant money.


Consulting before Tax Reform

The largest tax consultancies are supported in their proposal for a possible Hungarian tax reform.

Hungary Protects Her Genuine Wine Brand Name

Hungary's government takes legal steps in order to protect its genuine 'Tokaji' wine brand name.

State Investment Agency Looks for Alternative Sites for Apollo Tyres Plant

ITDH starts searching for a suitable site for India's Apollo Tyres factory.

Chinoin to Use Money Saved Because of Scrapped Fee for R&D

Hungarian drug maker Chinoin, a unit of sanofi-aventis, will be able to spend an additional HUF 1 billion on R&D because of the elimination of a registration fee for drug company sales representatives, spokesman Istvan Rozsa has announced.

Lending Growth and Forex Gains Raise OTP Q2 Profits by 47 %

The second-quarter after-tax profit of Hungary's OTP Bank has jumped by 46.6% to HUF 74.3 billion from the same period a year earlier.

Hungarians Buy Nearly Twice as Many Laptops as Desktop Computers

Hungarians buy nearly twice as many laptops as desktop computers.

Foreign firms involved in gas exploration in Hungary

JKX Oil and Gas has found gas in the Hungary’s Pannonian Basin.

Technology Office Announces EUR 4.25 billion in Grant Money

The Hungarian National Office for Research and Technology (NKTH) and the city of Shenzhen, China, have launched a tender for R+D grants of HUF 1 billion.

News Monitoring