September 2008

MOL Sets up Geothermal Energy Company With International Partners

Hungarian oil and gas company has set up a geothermic energy producing company with Icelandic company Enex and Australian company Green Rock Energy International.

GKI projects higher growth, firmer forint

Economic think tank GKI has raised its projection for Hungary's 2008 GDP growth to 3.0 pct in its latest forecast from 2.5-3.0 pct in May.


Nitrokemia to Build EUR 170.2 m Lactic Acid Plant in Hungary

Hungarian chemicals company Nitrokemia plans to build a HUF 40 bn (EUR 170.2 million) lactic acid plant in Balatonfuzfo in North-West Hungary, the company announced at the site on July 31st 2008.

Number of Registered Businesses Increases 22.5 pct in H1

The number of businesses registered in Hungary was 1.624 million at the end of June, 2008.

Hungarian Television Starts Test Digital Broadcasts

Hungarian Public Television started test digital broadcasts on one of its channels, M2, on August 1st 2008, becoming the first television company in Hungary to start using the technology.

Apollo Tyres Sees Delay in Start of Production in Hungary

India's Apollo Tyres sees production at a plant it is building in Hungary to starting later than expected.

Synergon Wins EUR 2 m Contract from MFB

IT company Synergon on Friday, August 1st 2008 announced it had won in a tender a contract worth almost HUF 500 million (EUR 2 million). 

Government Steps Had Much to Do with Advance on Doing Business list

Reforms carried out by the government in the past two years had much to do with Hungary's nine-spot advance in the World Bank's latest Doing Business ranking.

Hungarian Companies Participate in World Bank Projects Worth USD 63 million+

Hungarian companies participated in 92 World Bank projects together worth more than USD 63 million.

Wheat Crop Up by 42.0 pct in 2008

Hungary's wheat crop was 5.654 million tons this year.

News Monitoring