Hungary Signs Cooperation Agreement with Daimler-Benz on Planned Production Base

Hungarian government officials on October 27th 2008 signed a cooperation agreement with Daimler-Benz on a EUR 800 million production base.


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.


Decathlon to Open Four More Stores in Hungary

French sporting goods chain Decathlon will open two new stores in Hungary next month and is planning to open a further two stores in the country next year. 


Ministers Inaugurate Bridge Connecting Hungarian and Croatian Motorways

The new Zrinyi Bridge, connecting the Hungarian and Croatian Motorway was inaugurated on the 22nd of October.


Richter to Receive HUF 1.38 Billion in Government Support for New Plant

Hungarian drug company Richter will receive EUR 5.21 million in government support for the construction of a new biotechnology, R&D and manufacturing plant.


Hungary Invested EUR 147 million in Croatia During H1 2008

The value of Hungarian investments in Croatia was EUR 147.4 million in the first half of 2008.


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.


Aquaprofit, Proform Win Tender to Build Spa Hotel

A consortium of Aquaprofit and Proform has won a tender to build a 220-room four-star hotel.


Tondach Completes HUF 8.8 Bn Plant in SE Hungary

Austrian tile maker Tondach has completed a HUF 8.8 billion (EUR 35 million) plant in Bekescsaba (SE Hungary), business daily Vilaggazdasag reported on October 13th 2008.


Electrolux Goes Ahead with Planned Hungary Investments Despite Financial Crisis

Swedish household appliance maker Electrolux will still spend EUR 26 million on investments.


News Monitoring