Investment Funds Assets Climb 3pct to HUF 3,668 Billion in August

Assets in Hungarian investment funds grew 3.1pct to HUF 3,668 billion at the end of August from a month earlier, the Hungarian Association of Investment Funds and Asset Managers (BAMOSZ) said on September 15.

Borsod Volán Spends HUF 456 Million

Borsod Volán, a unit of state-owned bus company Volán, is spending HUF 456 million to make improvements at seven bus stations, CEO György Sárkozi said at a press conference on August 5.

Government to Launch Consultations on New Széchenyi Development Plan

The government is to launch a series of consultations, presenting the outlines of the new Széchenyi plan – the government's new development plan – at a meeting of entrepreneurs.

Budapest Inaugurates EUR 429 Million Sewage Treatment Plant

Budapest Mayor Gábor Demszky inaugurated on August 2 a new central sewage treatment plant and related facilities, built for EUR 429 million.

Sapa Profiles Expands Production in Hungary

Norwegian-owned Sapa Profiles, the world’s largest producer of light aluminum profiles, laid the cornerstone of a new 8,000 sqm production facility in Szekesfehervar on Tuesday.


International news sources report on Hungarian business and economy.

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.

Developments in the Hungarian-Croatian Border Region from EU Funding

The assistance contracts of a further three applications awarded funding to be implemented in the Hungarian-Croatian border region.

Gem of Lake Balaton – HUF 1.7 billion Priority Project Handed Over

The local government of Balatonfüred has been awarded non-reimbursable EU funding amounting to HUF 1.5 billion.

Palace District in Józsefváros to Be Renovated

The former ‘exclusive magnate quarter’ in the center of Budapest, namely the Palace District in the 8th District known as Józsefváros will be renewed by the summer 2011.

News Monitoring