Investment

GE to Transfer Water Ultrafiltration Membrane Production to Hungary

US concern General Electric will move production of ZeeWeed membranes from its Canadian unit Zenon, which it acquired in 2006, to the Hungarian city of Oroszlány.


Bombardier to Rebuild MÁV’s Intercity Trains for HUF10 Billion

The Hungarian Ministry for Transport suggested that MAV Zrt, the Hungarian State Railway, should have its 50 Intercity carriages renovated by Bombardier, the Canadian-German vehicle manufacturer.


Huawei to Expand Supply and Production in Hungary

Huawei, the Chinese network and telecommunications equipment giant, is to open an assembly plant and logistics center in Hungary when the one-year-long test period expires in the summer of 2010.


Maxon to Upgrade Production at its Hungarian Unit in Veszprém

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 China

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


Vegyépszer Zrt Develops Infrastructure in North Libya for HUF 80 Billion

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.


Bau-Trans Invests HUF 2.5 Billion to Upgrade its Vehicle Fleet

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

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.


HUF 520 Million for Developing Emergency Care Services in Nagykanizsa

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.


Activity Workshop Offering Assistance for Severely Disabled Young People

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


News Monitoring