November 2009

Hungary Will Not Draw Next IMF Loan Installment

Finance Minister Peter Oszko announced that after the review, which acknowledged the achievements of the crisis management, Hungary would not intend to draw the next EUR 792 million installment of the loan.


Orientbus Starts Technology Transfer Program with China

Chinese public transport vehicle provider Jing Long and Hungarian Orientbus, MJT join forces to manufacture buses in Bazhou, China.


PRESS MONITOR

International news sources report on Hungarian economy and business.


British Petrol Opens Service Center in Budapest

Philip Whelan, Head of the European Service Centers said that Hungary is attracting companies from the international arena by a well-educated labor force.


LEGAL BRIEF

International sources report on Hungarian law and legal issues.


Optimistic Forecast from the City about Hungarian Economy

Analysts at JP Morgan and BNP Paribas in the City have issued an optimistic forecast for the Hungarian economy, even though they have also mentioned negative figures.


Important Regional Roads Renewed in Northern Part of Borsod County

The residents of 9 small settlements are the direct beneficiaries of the investment implemented with the help of EU funding amounting to HUF 1 billion.


Gyori Keksz Inaugurates HUF 1 Billion Candy Factory

Hungarian biscuit maker Gyori Keksz, owned by Kraft Foods, on November 13 inaugurated a HUF 1 billion candy factory in the Gyor Industrial Park (NW Hungary).


Fundamenta-Lakaskassza Q1-Q3 Profit Jumps 85 Pct

Home savings bank Fundamenta-Lakaskassza's Q1-Q3 after-tax profit rose 85 pct to HUF 1.28 billion from the same period a year earlier.


Rehabilitation and Spa Hospital in Harkány Renewed

Two hospital buildings were fully renewed and their equipment replaced by using funding amounting to HUF 733 million, of which nearly HUF 129 million was covered by EU funding.


News Monitoring