Global business

Apollo Tyres Sees Delay in Start of Production in Hungary

India's Apollo Tyres sees production at a plant it is building in Hungary to starting later than expected.

Synergon Wins EUR 2 m Contract from MFB

IT company Synergon on Friday, August 1st 2008 announced it had won in a tender a contract worth almost HUF 500 million (EUR 2 million). 

Government Steps Had Much to Do with Advance on Doing Business list

Reforms carried out by the government in the past two years had much to do with Hungary's nine-spot advance in the World Bank's latest Doing Business ranking.

Hungarian Companies Participate in World Bank Projects Worth USD 63 million+

Hungarian companies participated in 92 World Bank projects together worth more than USD 63 million.

Borsodi Muhely Inaugurates HUF 1 Billion Plant Expansion in Gyor

Borsodi Muhely inaugurated a HUF 1 billion expansion of its plant in Gyor (NW Hungary) where it will make custom-made machine parts and production equipment for the aircraft industry.

OTP Bank Sets up Cyprus-Based Company

Hungary's OTP Bank said it has established OTP HOLDING LIMITED, a company registered in Cyprus.

Richter, Merck Reach Out-Of-Court Settlement in Patent Case

US drug maker Merck and Hungarian peer Richter said in a joint statement on September 15th 2008, that they reached an out-of-court settlement in a patent dispute over a drug against bone loss.

News Monitoring