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Life in Hungary

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Latest news

MOL Sets up Geothermal Energy Company With International Partners

Hungarian oil and gas company has set up a geothermic energy producing company with Icelandic company Enex and Australian company Green Rock Energy International, MOL announced on the website of the Budapest Stock Exchange on July 30th 2008. The joint venture, CEGE Central European Geothermal Energy Production Private Company will have even shares held by the three founders.


Hungarian Television Starts Test Digital Broadcasts

Hungarian Public Television started test digital broadcasts on one of its channels, M2, on August 1st 2008, becoming the first television company in Hungary to start using the technology.


Apollo Tyres Sees Delay in Start of Production in Hungary

India's Apollo Tyres sees production at a plant it is building in Hungary starting later than expected due to delays in acquiring land and regulatory permits, Reuters reported on July 31st 2008, citing a spokeswoman for the company. The plant was to have started production in June 2009. Now, because of regulatory delays, production will start in June 2010 at the earliest, Kankana Das told Reuters.


Synergon Wins EUR 2 m Contract from MFB

T company Synergon on Friday, August 1st 2008 announced it had won in a tender a contract worth almost HUF 500 million (EUR 2 million) to update and develop the Hungarian Development Bank's SAP system over three years.Synergon will involve SAP Hungary as a subcontractor in the project.


News Monitoring