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August 2017

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Vojvodjanska Banka branch in Panèevo

Hungary's OTP buys bank in Serbia

D&T
Aug 4, 2017

The Serbian unit of the largest Hungarian Bank OTP has bought the Serbian Vojvodjanska Banka from the National Bank of Greece for EUR 125 million. The deal also includes other Serbian units of the National Bank of Greece.

A man cooling himself at the fountain on Budapest's Margaret Island | Noémi Bruzák /MTI

Extreme heat in Hungary

D&T
Aug 3, 2017

The Hungarian Meteorological Service (OMSZ) has warned that daytime highs could be around (or above) 40 degrees Celsius for the rest of the week, especially on Friday. Accordingly, a heat alert has been declared for the entire country until August 4.

ALTEO’s wind power plant in the outskirts of Jánossomorja | source: ALTEO

New ALTEO projects in the pipeline

D&T
Aug 3, 2017

The Hungarian energy services firm ALTEO could launch new projects in a total value of close to HUF ten billion (some EUR 32 million): three power plants utilizing a total of 18.1 MW of solar power, and a 2 MW wind power plant.

MatthewPrickard at Syngenta | Syngenta

British expert to head Syngenta Hungary

D&T
Aug 2, 2017

As of August 1, Matthew Prickard took over as the General Manager of Syngenta Hungary, replacing Tibor Czigány who moves on to work in Syngenta's African division. Matthew Prickard arrived to Hungary from the firm's Scandinavian division.

Old Hungarian banknotes | source: National Bank of Hungary

Two Hungarian banknotes out of circulation

D&T
Aug 1, 2017

The National Bank of Hungary (MNB) has warned that as of this Tuesday, only the new 2,000 and 5,000 forint banknotes will be accepted in stores. On July 31, the central bank has withdrawn from circulation old notes that had been issued before 2016.

| source: The Heineken Company

European consumers help Heineken sales increase

D&T
Aug 1, 2017

Heineken, the world’s second-largest brewery company, has published its results for the first half of 2017 and the numbers are quite good. Strong sales in Europe were the main reason including a double-digit growth in Hungary.

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