Global business

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.

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.

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.

Major Players Agree to Join HUPX, Hungarian Power Exchange

HUPX and its partners – the EPEX Spot and the European Commodity Clearing AG (ECC) – are about to launch the organized Hungarian electricity market in July.


International news sources report on business in Hungary.

Morgan Stanley Hungary Ranks in Top 30 Places to Start Career

Morgan Stanley Hungary has been selected as one of the top 30 most attractive employers in the country to start a career, as ranked in a survey of more than 200 companies by Hewitt Associates.

Gebruder Weiss Plans New Base in Hungary

Austrian logistics company Gebruder Weiss wants to establish a new base in the Hungarian city of Mosonmagyarovar in 2011, board member Heinz Senger-Weiss said at a press conference on May 7.

Richter Group’s Sales Amounted to HUF 63,451 Million in the three Months to March 2010

Richter Group’s sales amounted to HUF 63,451 million (EUR 236.4 million) in the three months leading to March 2010.

Raleigh Studios Shows HUF17 Billion Base in Budapest

Raleigh Studios of the US, and Europe's Origo Film Group on Thursday showed their new HUF 17billion studio in Rakospalota, on the edge of Budapest, which was completed about seven months ago.

Bosch to Create More than a Thousand New Jobs in Hungary

German automotive industry supplier Bosch is building a production hall at its base in Miskolc that will create more than a thousand jobs.

News Monitoring