Global business

Hungarian Investment and Trade Development Agency is the Best

Site Selection, a leading American economy magazine has selected ITD Hungary as the best trade development agency in Central Eastern Europe in 2010.


Hungary Removed from US Intellectual Property Rights Protection Watch List

Hungary has been removed from a ‘watch list’ for the protection of intellectual property rights compiled by United States trade officials, the Office of the US Trade Representative said on Friday.


Sanyo Moves Equipment into HUF 4.5 billion Plant in Hungary

Japanese electronics giant Sanyo has started moving equipment into a HUF 4.5 billion solar cell plant being built at its base in the Hungarian city of Dorog.


Coloplast Opens Packaging, Distribution Center in Tata

Denmark-based medical-aid manufacturer Coloplast has opened a distribution center in a rented facility in Tata, north Hungary.


Three-quarters of Hungarian Drug Makers count on Rising Revenue in 2010

Three-quarters of Hungarian drug companies expect their revenue to rise in 2010 on the previous year, according to a survey by consultancy PricewaterhouseCoopers (PwC), conducted in December.


South Korean Samyang Constructing EUR 11m Plant in Hungary

Korea's Samyang is spending EUR 11m to build a plant in the Hungarian city of Jászberény, which will make plastic parts for the electronics and automotive industries, deputy-CEO Chong Yeol Lee said in Budapest on Friday.


Bosch Signs for HUF 1 Billion State Support for HUF 9 Billion Expansion of R+D Center

The Hungarian unit of German engineering company Robert Bosch has signed a contract with the National Development and Economy Ministry.


Bosch to Invest HUF 9 Billion in Its Budapest-Based Automative Industrial R&D Unit

The Bosch Group, Hungary’s second most significant foreign industrial employer invests more than HUF 9 billion in its automotive industrial R&D capacity in Budapest.


Human BioPlazma Making HUF 5 Billion Investment to Expand Production Capacity

Biological-medicine company Human BioPlazma Gyártó és Kereskedelmi Kft is making a HUF 5 billion capacity expansion investment.


GE to Transfer Water Ultrafiltration Membrane Production to Hungary

US concern General Electric will move production of ZeeWeed membranes from its Canadian unit Zenon, which it acquired in 2006, to the Hungarian city of Oroszlány.


News Monitoring