Columbian Inaugurates HUF 7 Billion Expansion at Carbon Black Plant in Hungary

Columbian Tiszai Carbon on November 12th 2008 inaugurated a HUF 7 billion expansion at its carbon black factory in the Hungarian city of Tiszaujvaros, North-East Hungary.


Hungary to Make 6 pct Reduction in Greenhouse-Gas Emissions by 2012

Hungary will make a 6 pct cut in the country's emissions of greenhouse gases by 2012 as compared to 1985-1987.


Croatia Suspends Talks with Mol on INA Sale

The Croatian government has suspended talks with Hungarian oil and gas company on a sale or swap of shares in Croatian peer INA, Reuters reported on October 31st 2008.


GVH Approves Russian Company TTM Acquire 51 pct of Ganz Engineering Environmental

Hungary's Competition Authority approved the acquisition of a 51 pct stake in nuclear power station equipment manufacturer Ganz Engineering Kornyezetvedelmi by a unit of Russia's state-owned Rosatom.


MOL May Cut Capital Expenditures

The Hungarian oil and gas company MOL may cut its expenditures depending on the changes in the business environment.


Construction of Waste Treatment Facility to Begin in NE Hungary

A consortium of the construction companies Vegyepszer, Ke-Viz 21 and Kozgep on October 20th 2008 laid the cornerstone for a HUF 1.7 billion (EUR 6.47 million) solid waste treatment facility at Nagyecsed (NE Hungary).


HUF 5 Billion Sewage-Treatment Facility Completed in Western Hungary

Officials inaugurated a HUF 5 billion (EUR 19.8 million) environmentally friendly sewage-treatment facility in Szombathely (W Hungary) on October 17th 2008.


MOL Acquires 22 pct of INA in Buyout, Final Figures Show

Hungarian oil and gas company MOL acquired 22.15 pct of Croatian peer INA in a buyout ended October 3, official results published on October 13th 2008 by the Central Clearing House (SDA) in Zagreb reveal. 


Lakics Group Spending HUF 1 billion to Expand Wind Turbine Parts Capacity

Hungary's Lakics group is expanding its output of parts for wind turbines to meet growing demand.

European Commission Fines MOL EUR 23 million for Participation in Paraffin Wax Cartel

The European Commission has decided to fine Hungarian oil and gas company MOL EUR 23 million for its participation in a paraffin wax cartel, European Commissioner for Competition Policy Neelie Kroes announced on October 1st 2008.


News Monitoring