Global business

KCI Creates Global Service Center in Budapest

Kinetic Concepts Inc. (KCI), a US-based medical technology firm has chosen Budapest to host the company’s global service center, a hub of global transactions.

PEZ Plant Inaugurated in Hungary

Austrian confectioner Ed. Haas inaugurated on September 17 a HUF 1 billion plant in Hungary, where it will make its trademark PEZ candy.

QSCH Invests HUF 1 Billion in Line-stretching

QSCH Kft, the Hungarian subsidiary of Swiss Adval Tech has unveiled plans to develop its production capacities by building a new, 5,000 sqm plant at its site in Szekszard.

Hungary Could Join GRI Project Company

Hungary could become a shareholder in a project company to be established for the Azerbaijan-Georgia-Romanian Interconnector (AGRI).

Number of Mobile Subscriptions Hits 11.9 Million

At the end of June 2010, the number of mobile subscriptions was 11.9 million. Calls initiated from mobile networks accounted for more than three-quarters of the total call duration.

Nokia Siemens Networks Sets up New R&D Center in Hungary

Nokia Siemens Network Solutions, one of the world’s leading ICT network equipment makers, has picked Hungary as one of its key R&D hubs in the railway telecommunications (GSM-R) sector.

RAGT to Build Seed-Planting Processor in Hungary

French-owned RAGT Semences will soon start building a seed-planting processing and packaging facility in the Morahalom industrial park (SE Hungary), company director Didier Nury said on August 30.

SMR Subsidiary Expands Production in Hungary

Samvardhana Motherson Refletec (SMR), an Indian-based multinational rear-view mirror manufacturer has broken ground for a new 15 000 sqm production facility near the north-western Hungarian town of Mosonmagyaróvár.

Hungarian Energy Giant Test Drill is Promising

The results of further testing of the Butmah (1783 to 1814m) section of the Jurassic on its Shaikan-1 discovery well have been announced by MOL.

Electric Car Rental Network in Budapest

The prototype of the first Hungarian-designed electric car, Bontino Caffo, developed by Brixxon Electric MotorCars, will hit the roads of Budapest next year.

News Monitoring