Investment

Swiss owned high-precision drive-system manufacturer Maxon AG will commence production of whole motors and rotors to the company's Hungarian unit, Maxon Motor Hungary, which has so far been manufacturing spare parts only.

Hungary has opened a new trade office in Chongqing, China, in order to boost bilateral trade, ITD Hungary told MTI.

Hungarian construction company, Nemzetkozi Vegyépszer Zrt has won a tender of HUF 80 billion (EUR 300 million) contract to build infrastructure and public facilities in Libya.

Hungarian logistics company Bau-Trans Kft is planning to invest a total of HUF 2.5 billion in 2010 upgrading its vehicle fleet, the company’s boss Zoltán Papp told business daily Világgazdaság.

In 2009 investments in the national economy were 8.6 pct under the level of 2008, and decreased by 11 pct in the fourth quarter of 2009 compared to the same period of 2008.

The development of emergency care services at Dorottya Hospital in Nagykanizsa will be implemented under the New Hungary Development Plan from over HUF 520 million.

The activity workshop offering assistance for severely multiply disabled young people was set up with the help of EU funding.

Mavir, the Hungarian National Electricity supplier realizes a HUF 60–70 billion investment project on developing its electricity network and system management, which is part of a HUF 107 billion-program stretching until 2020.

The National Bank of Hungary showed that foreign investors were the net sellers in every segment of the Hungarian securities markets in Q4 2009, except for HUF 13 billion net secondary market purchases of Hungarian government bonds issued abroad.

Australian property developer Goodman Group told MTI it has started the second, HUF 2.5 billion phase of construction at the Üllő Airport Logistics Center on the outskirts of Budapest.