Global business

India's ONGC Would Cooperate with MOL in Third Countries

ONGC, India's largest state-owned oil company, is seeking ways to expand cooperation with Hungarian oil and gas company MOL.

Pannunion Sales Revenue Grows 13 pct in Q4

The Pannunion Group's sales revenue rose 13.2 pct in the fourth quarter of 2009 to HUF 3.2 billion (EUR 11.88 million), the company said on the Budapest Stock Exchange website.

Funespana to Invest EUR 40 million in Hungarian Funeral Services

Spanish funeral services company Funespana on February 1 said it plans to invest EUR 40 million in Hungary over the next ten years.

Opel Sticks to Its Szentgotthárd Plant

General Motors announced that it does not cease any workplaces in its Szentgotthárd plant.

Hankook Tire Invests 230 Million Euros in Hungarian Unit to Double its Capacity

“The demand for our tires has been growing steadily and dynamically all over Europe,” said Jin-Wook Choi, Hankook Tire Executive Vice-President and COO in Europe.

E.ON Földgáz Trade to Auction 1.075 Billion Cubic Meters of Gas on March 4

E.ON Földgáz Trade, the Hungarian unit of E.ON Ruhrgas International, will sell 1.075 billion cubic meters of gas in an auction on March 4.

Green Revolution in the Construction-Industry

Masterplast, one of the biggest construction material industrial producer and distributor announced its five-year strategic plan, whereby it increases frontage thermo-insulation from its current 40 pct to 48 pct within its full product range.

TEVA to Start EUR 65 Million Investment near Budapest

Israeli drug maker TEVA will lay the cornerstone of a EUR 65 million investment at its base in Gödöllő, on the outskirts of Budapest.


International news sources report on Hungarian business and economics.

Robert Bosch Extends Its Hungarian Operations

Bosch plants in Miskolc and Hatvan, in NE Hungary, will take over the Cardiff-based operations until 2011.

News Monitoring