Recognizing difficulties on the real estate market in Sierra Leone, West Africa, the Hungarian firm TWD Investments Plc. - drawing on the knowledge of its owners about local conditions and the experience of its management - plans various projects in that country.
The China Smart Expo 2014 in Budapest aims to bring together Central and Eastern European enterprises with their potential Chinese partners. The exhibitions and trade fairs provide great opportunity to directly meet with the Chinese manufacturers.
The governing party Fidesz and the far-right nationalist Jobbik party have passed a bill on a new advertising tax to be imposed on media companies, publishers, billboard users and online advertisers. Experts claim the measure is politically motivated.
A biometric ID system has started operating at border control in Budapest's Liszt Ferenc International Airport. Zoltán Török, head of the Airport Police Directorate, said that the system operated on the departure side in order to ensure fast border control.
Air France-KLM is one of the most important airlines in Hungary. Since customer comfort in Business Class services is very important for both Air France and KLM. Therefore, there have been a lot of innovations in this field.
ING Investment Management, which was the third-largest on the Hungarian market in 2010 with HUF 1.2 trillion worth of funds managed, is winding up its local operation. The company’s foreign owner decided to cease operation of the Hungarian unit as of July 2014.
Ferdinand Gross Hungary Ltd., a German company affiliate, the wholesaler of screws and fasteners, small mounting parts and supplies, has inaugurated its logistics base in the Tatabánya industrial park, west of Budapest.
Hungary bought a 12,000-square-meter plot suitable for the purposes of Budapest's new convention center from a subsidiary of TriGránit, investor Sándor Demján's real estate development company, news site Napi.hu reported.
Samsung SDI Hungary, located in Göd, northeast of Budapest, is closing down. It was was the second-largest local unit in the country that manufactured color picture tubes (CPT), plasma display panels (PDP) and mobile phone displays.
Hungarian oil and gas group MOL has announced that it has successfully closed its previously announced North Sea acquisition, adding that the region was a "very attractive area", the Hungarian financial website, portfolio.hu reports.
“Hungary's primary appeal is its well-trained workforce,” Ferdinando Beccalli-Falco, President and CEO of GE Europe pointed out as his company opened a Global Operations Center in Budapest. The opening was also attended by the Hungarian Prime Minister.
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).
