Infrastructure and Transport

MAV-Cargo Inaugurates EUR 7.5 Million Container Terminal in Romania

MAV-Cargo, the Hungarian unit of Rail Cargo Austria, on September 28 inaugurated a EUR 7.5 million container terminal in the Romanian city of Curtici, near the border with Hungary.


FAZ Says Magna Might Move to Hungary

Frankfurte Algemeine Zeitung believes that the Canadian-Austrian Magna taking over the management of Opel would like to move the motor and gear system production to Szenttgothard, Hungary.


GYSEV to Develop the Railway Network With the Help of Nearly HUF 50 billion

Pursuant to the decision made by the European Commission, the development aimed at upgrading and modernizing the Sopron–Szombathely–Szentgotthárd railway line and expected to be completed by 2011 can now be launched at full speed.


HungaroControl to Complete HUF 10 Billion–11 Billion Headquarters by End-2011

Hungary's state-owned air traffic controller HungaroControl plans to complete its HUF 10 billion – 11 billion headquarters at Ferihegy International Airport by the end of 2011, business daily Vilaggazdasag reported on September 17.


Hankook Moves Forward EUR 230 Million Expansion at Hungary Plant

Korea's Hankook Tire has moved forward by about six months the planned start of a EUR 230 million expansion at its plant.


HUF 31 Billion Sewage Treatment Plant Reconstruction Planned Near Budapest

The reconstruction of a partially EU-financed biological sewage treatment plant in Erd is part of a long-term plan to increase the extent of Hungary's sewerage network.


Strategy and Corporate Development in One Unit at Magyar Telekom

Based on the decision of Magyar Telekom's Board of Directors, a new strategy and corporate development unit has been set up as of September 1, 2009.


Kienle and Spiess Hungary Completes Logistics Center in Hungary

Kienle and Spiess Hungary completed a HUF 1 billion (EUR 3.75 million) 5,000-square-metre logistics center in Tokod (North-Hungary). 


Malev Aircraft Maintenance Unit Joins SuperJet Service Network

Aeroplex, the maintenance unit of Hungary's national carrier Malev, has signed an agreement on joining the aircraft servicing network of SuperJet International.


EU Supports M3 Motorway construction

Drawing the highest possible ratio of EU funds is essential for implementing as many investments as possible in Hungary.


News Monitoring