May 2010

Advanced Power to Build EUR 600 Million Power Plant in Szeged

Switzerland's Advanced Power plans to build a EUR 600 million 880MW combined-cycle power plant in the Hungarian city of Szeged, project manager Adrian Bobula said on Wednesday.

Hungarian Investment Funds Draw Fresh Capital of HUF 57 Billion in April

Hungarian investment funds continued the positive trend seen in the past six months, drawing fresh capital of HUF 57 billion (EUR 202.15 million) in April.

Malév Best Eastern European Airline in 2010

Malév (the Hungarian national carrier) was named Best Airline in Eastern Europe at the 2010 World Airline Awards, in Hamburg.


International news sources report on Hungarian business and banking.


Book recommendation for the week: Linked: How Everything Is Connected to Everything Else and What It Means

Budapest Ranked Sixth among most Popular Conference Towns, 2008

Among global MICE destinations, Budapest has been among the top cities for a long time.

MOL Group’s EBITDA Increased by 30pct in Q1 2010

MOL Group’s EBITDA, excluding special items, increased by 30pct to HUF 130.4 billion in Q1 2010 compared to Q4 2009.

RFV to Make EUR 25 Million Investment in Romania

Hungarian energy-efficiency company RFV will implement an investment of at least EUR 25 million in Zalau (NW Romania) to modernize the city's district-heating system, RFV CEO Ákos Kassai announced on May 18.

Real Earnings Grew by 5.6pct

Real earnings grew by 5.6pct compared to January–March 2009, paralleled by a 6.0pct increase of the consumer price index.

Surplus Liquidity of the Banking Sector Continues to Increase

In April 2010, surplus liquidity of the banking sector continued to increase.

News Monitoring