Infrastructure and Transport

Magyar Telekom's Extraordinary General Meeting Decides on Further Integration of the Group

Magyar Telekom made a decision on the legal merger of T-Kábel Magyarország Ltd. (T-Kábel) and Dél-Vonal Ltd. into Magyar Telekom Plc at its Extraordinary General Meeting on June 29.

First Phase of the Main Road in Csepel to be Constructed with the Help of EU Funding

The main road reducing the volume of traffic on the road network in Csepel will be constructed from the junction of Szabadkikötő Road and Szállítók Road up to Posztógyár Street.

Ice-Skating Rink in City Park to Be Renewed by the End of 2010

The foundation stone of the project ”Gateway to City Park” was laid on 24 June.

A Total of HUF 55.5 Billion for Higher Education

Construction work can commence in 13 higher education institutions around the country resulting in major orders for the building industry.

Skyeurope Has Been Granted Creditor Protection

SkyEurope Airlines a.s., the operating subsidiary of SkyEurope Holding AG, on 22 June announces that it has been granted creditor protection by the Bratislava I District Court to allow for the management to reorganize.

Mav Inaugurates HUF 1.8 Billion Remote-Control Traffic System in Szeged

State-owned railway company MAV inaugurated a HUF 1.8 billion (EUR 6.39 million) remote-control traffic system in the city of Szeged (SE Hungary) on 19 June.

Wizz Air Commits to Buy 50 Airbus A320s

Wizz Air, the largest Central and Eastern European low budget airline, has signed a Memorandum of Understanding to buy 50 more A320s. This will take their total orders up to 132 aircraft.

Bilk Completes HUF 1.5 Billion Warehouse

The Budapest Intermodal Logistics Centre (BILK) has completed a HUF 1.5 billion, 10,000-square-metre cross docking warehouse, business daily Vilaggazdasag reported on 16 June.

Vodafone Inaugurates HUF 600 Million Regional Service Centre in NW Hungary

UK mobile communications service provider Vodafone inaugurated a HUF 600 million (EUR 2.15 million) regional customer service centre in Hungary’s Miskolc.

Megaproject in Záhony Gets Underway

A complex economic and infrastructure development program will be implemented in Záhony by the end of 2011 with the help of an EU investment worth nearly HUF 23 billion.

News Monitoring