GM Invests EUR 500 million in Stepping up Production in Hungary

General Motors has unveiled a new EUR 500 million investment in transforming its Hungarian site into a European engine-manufacturing center for Opel.

KCI Creates Global Service Center in Budapest

Kinetic Concepts Inc. (KCI), a US-based medical technology firm has chosen Budapest to host the company’s global service center, a hub of global transactions.

PEZ Plant Inaugurated in Hungary

Austrian confectioner Ed. Haas inaugurated on September 17 a HUF 1 billion plant in Hungary, where it will make its trademark PEZ candy.

Investment Funds Assets Climb 3pct to HUF 3,668 Billion in August

Assets in Hungarian investment funds grew 3.1pct to HUF 3,668 billion at the end of August from a month earlier, the Hungarian Association of Investment Funds and Asset Managers (BAMOSZ) said on September 15.

Composite One Breaks Ground for New Plant in SW Hungary

Plastic aircraft-part maker Composite One Kft laid the cornerstone of a new plant in Somogyvár (SW Hungary) on Sunday.

TRV Doubles Capacity at Tisza Waste-management Plant

The regional waterworks company TRV is planning to double the original capacity of its waste-management plant at Lake Tisza from 1,100 cubic meters to 2,200.

GYSEV, Vasi Volan Win EU Grant for Passenger Info System Investment

Regional railway company GYSEV and regional bus company Vasi Volan signed a contract on August 24 for a HUF 526m European Union grant.

RAGT to Build Seed-Planting Processor in Hungary

French-owned RAGT Semences will soon start building a seed-planting processing and packaging facility in the Morahalom industrial park (SE Hungary), company director Didier Nury said on August 30.

Fourth Purchase of Mortgage Bonds in the Primary Market

Under the mortgage bond purchase program announced by the Monetary Council on February 8, 2010, the MNB has made its fourth purchase of mortgage bonds in the Hungarian primary market.

SMR Subsidiary Expands Production in Hungary

Samvardhana Motherson Refletec (SMR), an Indian-based multinational rear-view mirror manufacturer has broken ground for a new 15 000 sqm production facility near the north-western Hungarian town of Mosonmagyaróvár.

News Monitoring