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Life in Hungary

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Latest news

Specialists Predict Price of Electricity to Rise in Hungary Over Short- And Mid-Term

Power-industry specialists and officials participating in a Magyar Elektrotechnikai Egyesulet (Hungarian Electricity Association) conference predicted that the price of electricity would continue to rise.

Borsodi Muhely Inaugurates HUF 1 Billion Plant Expansion in Gyor

Borsodi Muhely inaugurated a HUF 1 billion expansion of its plant in Gyor (NW Hungary) where it will make custom-made machine parts and production equipment for the aircraft industry.

OTP Bank Sets up Cyprus-Based Company

Hungary's OTP Bank said it has established OTP HOLDING LIMITED, a company registered in Cyprus.

Richter, Merck Reach Out-Of-Court Settlement in Patent Case

US drug maker Merck and Hungarian peer Richter said in a joint statement on September 15th 2008, that they reached an out-of-court settlement in a patent dispute over a drug against bone loss.

Consumer Price Inflation Slows to 6.5 Pct in August


Twelve-month consumer price inflation slowed to 6.5 pct in August from 6.7 pct in July, the Hungarian Central Statistical Office (KSH) said on September 11th 2008. 


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