February 2009

BayernLB Injects HUF 26.5 billion in Hungarian Unit

BayernLB will inject HUF 26.5 billion into its Hungarian unit MKB Bank in a capital raise.

National Asset Management Company Calls HUF 200 Million Communications Tender

Hungary's National Asset Management Company (MNV) has called a HUF 200 million tender for communications services, the latest issue of the Public Procurement Gazette reveals.

Government Proposes Smaller Parliament, Fewer Local Council Officials

The government proposes cutting the number of members of parliament from 386 to 199 and introducing a single-round general election which would halve election costs to HUF 4 billion.

Budawest To Spend HUF 5 billion to Convert Airbase Into Airport

BudaWest Airport Holding plans to spend HUF 5 billion to convert an old airbase in Szentkiralyszabadja (NW Hungary) into a civilian airport.

Nokia Produces 500 Millionth Mobile Phone in Hungary

The Hungarian unit of Finnish handset maker Nokia on January 27th said it manufactured the 500 millionth mobile device at its plant in Komarom (NW Hungary).

CB Richard Ellis Says EUR 7 billion in Capital Available for Investment on Regional Real-Estate Market

According to CB Richard Ellis, there is EUR 3.5 billion in capital available for investment in the CEE region.

News Monitoring