Infrastructure and Transport

Renewal of Cities under the New Hungary Development Plan

The assistance contract underpinning the urban rehabilitation of Kaposvár and Nyíregyháza has been signed.

Hankook Tire Plans USD 400 Million Expansion at Hungary Plant

Korea's Hankook Tire wants to expand its plant in the Hungarian city of Dunaújváros, Hungarian President Laszlo Sólyom told reporters in Seoul, on November 30.

Important Regional Roads Renewed in Northern Part of Borsod County

The residents of 9 small settlements are the direct beneficiaries of the investment implemented with the help of EU funding amounting to HUF 1 billion.

PM Inaugurates HUF 62 Million New Town Center in Zahony

Prime Minister Gordon Bajnai inaugurated the newly renovated town center in Zahony.

Another Major Project Approved by Brussels

National Development Agency (NDA) received approval from Brussels on November 3 for a major project called ”Development of the sewerage system and waste water treatment system in Makó and its surrounding region”.

Magyar Telekom Wins Green Frog Award Again

Magyar Telekom ranked second with its Sustainability Report in the competition announced for the Central European Environmental Reporting Award (‘Green Frog').

EU Helps Building a New Pier at Budapest Airport

The EU will provide EUR 7.56 million for the construction of a pier for combined Schengen and non-Schengen operations and seamless passenger transfer at Budapest Airport.

Hungarian Government Grants EUR 75 Million to Support MotoGP Races Until 2019 – MTI-ECONEWS

On Monday the Hungarian government decided to grant EUR 74.7 million from the central budget to support the MotoGP motorcycle racing championship in Hungary between 2010 and 2019.

EBRD Ready to Lend to MAV if Company Undergoes Restructuring – Paper

The European Bank for Reconstruction and Development (EBRD) could ensure financing for the state-owned Hungarian railway company MAV under certain conditions.

MAV's Budapest Headquarters Offered for Sale for Third Time

The state railway company MAV has offered its 5,900 sqm headquarters in Budapest's exclusive Andrassy Street, it was announced on October 5.

News Monitoring