The Hungarian Ministry of National Economy has issued a press release, which reiterated plans to make a bid for ISD Dunaferr Duna Steel Works and re-privatize the struggling industry behemoth, the financial website portfolio.hu reports.

Procter&Gamble (P&G) is to build a new greenfield factory in Gyöngyös, northeastern Hungary, the corporation's second plant in this country, with an investment of HUF 19 billion (EUR 63.5 mn), the company’s representatives announced on Friday.

General Electric (GE) has announced this Wednesday that it will expand the activities of its Fót-based (Hungary) Oil & Gas business, east of Budapest, by a 6,000-square-meter new production hall and an office building to go with it.

In partnership with Business Consulting & Media and its Hungarian branch, Mediarey Kft., Forbes’ latest local-language edition, Forbes Hungary will be published as of November 2013. They do not seem to believe in the decline of the printed press.

The driving force behind ATF TRAVEX, the longest-running annual ASEAN leisure travel trade event is to boost regional cooperation and attract more tourists to all the ASEAN member countries, most importantly to Laos.

Germany's ThyssenKrupp concern inaugurated a new plant in Gyõr, Northwest Hungary, which was completed with an investment of HUF 1.2 billion (EUR 4 million). Vehicle manufacturing, especially German companies, plays a key role in Hungary industry.

Sales by Mercedes-Benz Manufacturing Hungary Ltd. were close to EUR one billion in its first partial year of production. According to company court data, only a fraction, EUR 2.5 million, was realized from the Hungarian market.

Located at the crossroads of Europe, Croatia has some 5,835 kilometers of coastline coupled with Mediterranean-style culture and food, not to mention seven UNESCO World Heritage sites, including the Old City of Dubrovnik and the Plitvice Lakes National Park.

Kristijan Sabo, the new Managing Director (MD) of Podravka International Ltd., is spending his first weeks in Hungary, learning about his new business environment. He talks to Diplomacy & Trade about the work that awaits him in this position.

This year, Corinthia Hotel Budapest commemorates the 10th anniversary of its reopening. A major series of celebrations are staged throughout the year, the latest event being the Open Day on May 26 during which the hotel can be visited by the general public.

As of this week, El Al Airlines of Israel flies its Budapest-Tel Aviv route once a week with a Boeing 747-400 aircraft. The first Jumbo Jet landed at Budapest airport this Tuesday. The same type of plane will fly this route for the next seven weeks.

A story of successes in the Balkans. That is how our author, Rudolf Sárdi describes this small country in the Western Balkans, based partly on his conversation with Delfin Pllana, Deputy Head of Mission at the Kosovar Embassy in Budapest.

The American company well-known for its Internet search engine, Google, has announced the Hungarian launch of Google Street View, an online service that offers panoramic street-level imagery taken throughout the country.

Germany's Knorr-Bremse Group, the world’s leading manufacturer for braking systems for rail and commercial vehicles, has laid the foundation stone of a new manufacturing and development base in Kecskemét, east-central Hungary.

Fornetti, the Hungarian bakery known for its on-the-spot baked products from frozen base material, has opened a shop in the UK capital recently. The Hungarian company has signed a master franchise agreement with its British partner.