Hungary’s vehicle manufacturing industry produced some EUR 18 bn last year, which amount constitutes 18% of the total Hungarian manufacturing industry output, 10% of Hungary’s GDP and 18% of total Hungarian exports.
Hungary’s vehicle manufacturing industry produced some EUR 18 bn last year, which amount constitutes 18% of the total Hungarian manufacturing industry output, 10% of Hungary’s GDP and 18% of total Hungarian exports.
Hungary’s IND Group, which has grown from a garage company at the end of the 1990s into a leading innovator in digital channels solutions, has been acquired by Misys, a global giant of financial technology solutions, Mysis announced.
Hungary is represented by producers, processors, traders, research institutions and consultants at the "Fruit Logistica" international exhibition and fair in Berlin, the Hungarian Fruit and Vegetable Interprofessional Organisation (FruitVeB) announced.
BAT Pécsi Dohánygyár Kft., the subsidiary of British American Tobacco (BAT) in Pécs, southern Hungary, has announced that it will establishe a new factory there with an investment of HUF 9 billion (approximately EUR 30 million).
Hungarian automotive group Rába has concluded an agreement with Germany’s Kirchhoff Group, It will supply components for western European passenger cars, generating annual sales revenues of HUF 500 million (EUR 1.66 million).
In 2014 and 2015, all Hungarian state institutions will use Vodafone as their mobile service provider. The net value of the framework contract is HUF 4.5 billion (EUR 15 million), three times higher as Telenor received for the previous two years of services.
Hungary-based TriGranit Management has established a new company in the United Arab Emirates, TGM Consultants (Dubai) FZ LLC, as part of its endeavour to actively pursue new property/facility management and leasing mandates.
The state-owned Hungarian Electricity Works (MVM) plans further rapid expansion after quick growth in recent years, more than doubling its revenue this year from 2010, the Chief Executive Officer of the company Csaba Baji told a press conference.
The Hungarian state struck a deal on buying out Germany utility RWE’s share in Fõgáz, the capital city’s gas distributor. The buyer is the Hungarian Electricity Works (MVM) and the subject of the transaction is RWE’s 49.83% stake in Fõgáz.
Hungary's most powerful supercomputer is scheduled to be operating in Debrecen University, in the eastern part of the country, by the end of 2014. It is another project that will be realized in the country from European Union funds.
Laos that has been named world's best tourist destination for 2013 by the European Council on Tourism and Trade. It’s natural beauties, gastronomy, and UNESCO World Heritage sites are attracting increasing number of tourists from Hungary, as well.
The BMW Group has been in contact with over 200 suppliers in Hungary and currently, it purchases different components directly from 54 active partners in the value of about EUR one billion. These companies employ in Hungary a total of appr. 10,000 people.
A total of 4,077 new dwellings were built in Hungary in the first nine months of 2013, 37% fewer than a year ago, the Central Statistics Office (KSH) has reported. The number of dwellings put to use decreased in all regions, only the capital city saw a 3% rise.
Kalegran Ltd, a subsidiary of the Hungarian energy group MOL, found discoveries in the Akri-Bijeel block to be commercial grade, at the Bijell-1 and Bakrman-1 wells of the block, located in the Kurdistan region in the northern part of Iraq.
A shop of products from India and other ‘exotic’ places, as well as a provider of Ayurvedic and Yoga services, in downtown Budapest caters to foreigners and Hungarians alike. It is also an 'institution' that helps attract Indian businesses to Hungary.
