Vodafone to Set up HUF 500 Million Regional Service Centre in Miskolc

UK mobile communications service provider will set up a HUF 500 million regional customer service centre.

BayernLB Injects HUF 26.5 billion in Hungarian Unit

BayernLB will inject HUF 26.5 billion into its Hungarian unit MKB Bank in a capital raise.

Government to Speed up Investments to Boost Employment

The government aims to speed up big infrastructure developments in order to help companies keep staff numbers intact.


HTCC to Move from Delaware to Denmark

The Hungarian Telephone and Cable Corp (HTCC) is moving from the American state of Delaware to Denmark to take advantage of financial and other business opportunities not available in the US, the company said in a statement.


Russia's Biggest Bank Eyes OTP

Sberbank, Russia's biggest bank, wants to acquire, in the longer term, an Eastern European peer with an expansive network and subsidiaries.


Hungary Investment Volume Falls Preliminary 2.3 pct yr/yr in Q3

Year-on-year investment volume in Hungary dropped 2.3 pct in the third quarter of 2008, after a 2.1 pct decrease in Q2 and a 4.8 pct drop in Q1, preliminary figures published by the Central Statistics Office (KSH) on November 28th 2008 show. 


ELMU, EMASZ Inaugurate HUF 2.4 Billion Power Service Station

Electricity distributors, majority-owned by Germany's RWE-EnBW, inaugurated a power service station in Gyongyos.


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.


Quaestor Wins HUF 600 million EU Grant for Hotel Renovation

Hungarian investment group Quaestor has won a HUF 600 million EU grant for the renovation of a grand hotel shut down 30 years ago in the heart of Szeged, local daily Delmagyarorszag reported on October 30th 2008.


Budapest Airport to Build 250-Room Hotel at Ferihegy

Budapest Ferihegy International Airport operator Budapest Airport (BA) is planning to build a 250-room hotel at the airport, the business daily Vilaggazdasag reported on October 30th 2008. 


News Monitoring