March 2009

Colas Wins Budapest Road Tender

The Hungarian unit of French construction giant Colas won a tender to build a 2.2-kilometer-long (1.36 miles) road section south of Budapest, business daily Napi Gazdaság reported on March 9 2009.

Central Bank to Throw in Full Arsenal to Fight Forint Devaluation

MNB urges market players to increasingly use the recently introduced forint and foreign currency liquidity instruments, and it will also make EU-resources available on the market.

Central East European Bid for the European Spallation Source

“Maintaining Europe’s competitiveness in research and development (R&D) is crucial; therefore constructing the ESS shall wait no longer in face of the recent leap in American and Japanese neutron research presents.” – says ESS Times Hungary.

Budapest Airport Spends HUF 1 Billion to Renovate Runway Lights

Budapest Airport (BA) is spending HUF 1 billion to renovate the lights on its two runways, the company announced on March 5.

NIF to Issue HUF 314 Billion in Railway-Development Tenders in 2009

The National Infrastructure Development (NIF) will issue HUF 314 billion (EUR 1.02 billion) in tenders to build and renovate 205 kilometers (127.381 miles) of railway in Hungary, this year, business daily Napi Gazdaság reported, on March 5. 

Farm Associations Receive HUF 10 Billion in State Guarantees

Two big farm associations received state guarantees of HUF 5 billion, each, to ease liquidity problems in the sector, state secretary of the Ministry of Agriculture and Rural Development Zoltan Gogos said on March 4.

FE-Group Introduces HUF 400 Million Optical Plastic Waste Sorter

FE-Group Invest on March 3 introduced a HUF 400 million optical plastic waste sorter to its Budapest production unit.

HUF 30 Billion in Job Preservation Subsidies Could Save 50,000 Workplaces

A HUF 30 billion job preservation package, financed with EU funding and approved by a cabinet meeting on February 25.

Guntner Plans HUF 4 Billion Expansion at Hungary Plant

Germany's Guntner plans a HUF 4 billion investment at its heat exchanger plant in Hungary.

Bypass Section of Expressway M0 to Be Extended With the Help of EU Funding

A section of Expressway M0 already open to traffic will be extended with the help of the European Union.

News Monitoring