January 2009

LEGO Inaugurates Plant in Hungary

Danish toymaker LEGO inaugurated a plant it spent tens of millions of euros to modify in the Hungarian city of Nyiregyhaza.


Jaguar Sales Grow Even as Vehicle Market Contracts

As overall car sales dropped about 10 pct in 2008, Jaguar brand sales grew 11 pct.

EIB Opens EUR 440 Million Credit Line for Hungary

The European Investment Bank (EIB) has made available to Hungary a EUR 440 million credit line.


Government Subsidy to Save Jobs

The Hungarian office of PricewaterhouseCoopers published a brief about the initiative of the Ministry of Social Affairs and Labor providing financial support to entrepreneurs in order to save jobs.


Ernst and Young Names Music Festival Organizer Entrepreneur of Year

Consultancy Ernst and Young named Karoly Gerendai, managing director of Sziget, which organises Hungary's biggest summer music festival, Entrepreneur of the Year at a gala evening on January 25th.


Five Old Hotels Are Undergoing Renovations in Hungary’s Southern Part

Five old hotels in Hungary's Southern Great Plain region are undergoing renovations worth a combined HUF 11 billion, including EU development funding, business daily Napi Gazdasag reported on January 23rd.


NHH Asks for More Information from Bidders in Mobile Frequencies Tender

On Friday Hungary's National Telecommunications Authority (NHH) asked bidders in a tender for new mobile communications frequencies to submit further information, daily Nepszabadsag reported on January 23rd.


Construction Industry Companies Set up National Council

Hungary's seven regional construction industry associations established a national council in Budapest on January 23rd.


Aquaplus to Build HUF 1.2 Billion Hotel in Mohacs

Aquaplus will build a HUF 1.2 billion four-star hotel in Mohacs (SW Hungary), business daily Napi Gazdasag reported on January 23rd.


Egis Says Extraordinary Profit Boosted Q1 Income

Hungarian drug maker Egis, majority owned by France's Servier, said extraordinary items boosted profits and revenues in Q1 of its business year that started October 1.


News Monitoring