Global business

Monetary Council Reduced the Base Rate to Summer 2006 Level

Monetary Council of the Central Bank (NBH) has reduced the base rate to 6.25 pct by 25 bp.

Hungarian Wine among the Top 100

According to the website of the Hungarian National Tourist Office, The Royal Tokaji 5 Puttonyos Aszú 2005 Red Label is listed among the world's best 100 wines by Wine Spectator.

EU Development Fund Supports Western Hungarian Industrial Plant

The European Union has supported the expansion of the industrial park in the vicinity of the Western Hungarian town Győr.

Carl Zeiss Vision's Hungarian Unit Becomes Center for Glass Lens Production

As a result of recently completed investments worth EUR 1.7 million, Carl Zeiss Vision Hungary's Mátészalka (NE Hungary) plant has become the center for the production of Zeiss glass lenses, the business daily Világgazdaság reported on December 7, quoting president and CEO Ilona Radics.

Orientbus Starts Technology Transfer Program with China

Chinese public transport vehicle provider Jing Long and Hungarian Orientbus, MJT join forces to manufacture buses in Bazhou, China.

British Petrol Opens Service Center in Budapest

Philip Whelan, Head of the European Service Centers said that Hungary is attracting companies from the international arena by a well-educated labor force.

Gyori Keksz Inaugurates HUF 1 Billion Candy Factory

Hungarian biscuit maker Gyori Keksz, owned by Kraft Foods, on November 13 inaugurated a HUF 1 billion candy factory in the Gyor Industrial Park (NW Hungary).

E.On Seals Gas Supply Agreement with Srbijagas

E.ON Földgáz Trade has signed a gas supply agreement with Serbian gas company Srbijagas on October 29.


International news sources report on Hungarian business and economy.

Falcon Oil and Gas Completes Joint Exploration Program in Hungary—MTI-ECONEWS

Denver-based Falcon Oil and Gas said on Monday it had completed a joint gas exploration program in Hungary's Mako Trough with ExxonMobil and Hungarian oil and gas company MOL.

News Monitoring