Invest in Hungary

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Life in Hungary

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Latest news

R&D Office Announces Tenders for HUF 6 Billion in Grant Money

Hungary's National R&D Office announced on August 14th 2008 tenders for a combined HUF 6 billion in grant money available over the next three years for commercially useful R&D projects.

Lending Growth and Forex Gains Raise OTP Q2 Profits by 47%

The second-quarter after-tax profit of Hungary's OTP Bank has jumped by 46.6% to HUF 74.3 billion from the same period a year earlier, boosted by lending growth and big forex gains, the bank said in its consolidated IFRS report for the period, published on August 14th 2008.

Hungarians Buy Nearly Twice as Many Laptops as Desktop Computers

Hungarians bought nearly twice as many laptops as desktop computers in the first half of 2008, compared to the same period a year earlier, business daily Vilaggazdasag reported on August 13th 2008, citing figures compiled by market research company IDC.

Suzuki Turns Out One-Third More Cars at Hungary Plant

Japanese carmaker Suzuki turned out 149,438 vehicles at its plant in Hungary in the first half of the year.

Pfizer Could Pick Hungary for USD 30 m R&D Centre

US pharmaceutical giant Pfizer could set up a USD 25-30 million R+D centre in the Hungarian city of Szeged, business daily Vilaggazdasag reported on August 1st 2008. Pfizer Hungary managing director Mario Gattino told the paper that the unit had submitted an application to host the centre in July.

News Monitoring