Global business


International news sources report on Hungarian business, economy and the environment.

Rába Expects Turnover to Increase This Year

Hungarian vehicle and vehicle-parts maker Rába expects the company's turnover to increase in 2010, the business daily Világgazdaság reported on March 23, citing Rába President-CEO István Pintér.  

Magyar Telekom to Expand its Service Portfolio

Magyar Telekom plans to expand its client service portfolio by taking the first steps to enter the Hungarian retail electricity and gas market.

Huawei to Expand Supply and Production in Hungary

Huawei, the Chinese network and telecommunications equipment giant, is to open an assembly plant and logistics center in Hungary when the one-year-long test period expires in the summer of 2010.

Maxon to Upgrade Production at its Hungarian Unit in Veszprém

Swiss owned high-precision drive-system manufacturer Maxon AG will commence production of whole motors and rotors to the company's Hungarian unit, Maxon Motor Hungary, which has so far been manufacturing spare parts only.

Mercedes-Benz is Fast Recruiting for its Kecskemét Plant

The construction work at the Daimler AG’s Hungarian plant in Kecskemét has already begun, while recruitment is also going ahead at the same time.

The Number of E.ON Customers Opting to Manage Their Accounts Online Has Tripled

The number of E.ON customers managing their accounts online is constantly growing, and even more people are interested thanks to customer contests.

Malév Business Plan Contains Annual Savings of More than HUF 6 Billion

Malév's business plan contains annual savings of more than HUF 6 billion.

Irish Tourism Developer SCD Group Will Operate Balaton Airport from April

FB Airport Kft, a member of the Irish SCD Group, tourism developer around lake Balaton signed an agreement with the municipalities of Sármellék and Zalavér to lease and operate Balaton Airport.

Vegyépszer Zrt Develops Infrastructure in North Libya for HUF 80 Billion

Hungarian construction company, Nemzetkozi Vegyépszer Zrt has won a tender of HUF 80 billion (EUR 300 million) contract to build infrastructure and public facilities in Libya.

News Monitoring