September 2009

FAZ Says Magna Might Move to Hungary

Frankfurte Algemeine Zeitung believes that the Canadian-Austrian Magna taking over the management of Opel would like to move the motor and gear system production to Szenttgothard, Hungary.

Budget Bill Puts Hungary Annual Growth around 4 Pct in 2011–2013

Hungary's annual GDP growth will improve from 2011 on, as the global economy recovers and the negative effects of fiscal adjustment fade, and could be around 4 pct between 2011 and 2013.


International media reports on Hungarian business, banking and economy.

Hungary Can Retake Place as a Leading Economy in Region, Says Bajnai

Prime Minister Gordon Bajnai said in New York that Hungary had returned to an economic attitude and policy which would offer the chance to become once again a leading economy in the Central and East European region, just like 10 years ago.

Turkish Food Industry Investment in Mako

Turkish-owned Duna Doner Kft started the production of doner and gyros in Mako, SE Hungary.

GYSEV to Develop the Railway Network With the Help of Nearly HUF 50 billion

Pursuant to the decision made by the European Commission, the development aimed at upgrading and modernizing the Sopron–Szombathely–Szentgotthárd railway line and expected to be completed by 2011 can now be launched at full speed.

The Harvested Area Remained the Same in 2009

In 2009, cereals were produced on 1.7 million hectares, which remained about the same as in 2008.

Pick Szeged Orders Rise 10 Pct in Spite of Falling Consumption

Orders, both domestic and foreign, of Pick Szeged, Hungary's biggest meat company, have grown 10 pct.

VAT Bill Submitted to Parliament in Accordance with EU Regulations

The Parliament will make a decision about the VAT taxation bill submitted in order to meet the EU requirements.

HungaroControl to Complete HUF 10 Billion–11 Billion Headquarters by End-2011

Hungary's state-owned air traffic controller HungaroControl plans to complete its HUF 10 billion – 11 billion headquarters at Ferihegy International Airport by the end of 2011, business daily Vilaggazdasag reported on September 17.

News Monitoring