April 2009

New Mechatronics Park in Miskolc Ceremoniously Handed Over

Miskolc City has been approved HUF 700 million within the framework of the New Hungary Development Plan for the construction of the new Mechatronics Industrial Park.

Alfa Busz Delivers First Vehicles of EUR 10 Million Russian Order

Alfa Busz, Hungarian manufacturer of vehicles has fulfilled its contract obligations signed with the council of Leningrad Oblast in Russia.

OMV Sold its Stake in Mol to Russian Oil Company

Austrian oil and gas company OMV has sold its 21.2 pct stake in Hungarian peer Mol to Russian oil company Surgutneftegas for EUR 1.4 billion, OMV announced on March 30.

Robert Bosch Adds EUR 2 Million Production Line at Hungarian Unit

German engineering giant Robert Bosch will soon complete a EUR 2 million production line at its Hungarian unit, Bosch Rexroth Pneumatika, business daily Vilaggazdasag reported on March 30.

HUF 12 billion of EU Funding for the Development of Emergency Care Services

Emergency Care Units in 26 hospitals in Hungary may be upgraded to a European standard into modern centers with the help of funding granted by the New Hungary Development Plan.

Colliers: 2008 Was a Record Year in Terms of Total Leased Space in Budapest

In Budapest, 2008 was a record year in terms of total leased space, according to Colliers International Budapest’s latest market report for the Industrial real estate market.  

IMF to Open Permanent Office In Hungary

The International Monetary Fund (IMF) will open a permanent office in Budapest in April to make negotiations on Hungary's stand-by loan easier, the IMF press office said, confirming a report in daily Nepszabadsag on March 25.

Hotel Construction in CEE: Plenty of Room for Development – KPMG

While the ongoing economic crisis could place an obstacle to some planned projects, Poland and Romania are likely to be hot spots for hotel development in the near future.

News Monitoring