Groupama Garancia was one of the companies supporting the publication of the recent France country focus of Diplomacy & Trade. The CEO of the company, Yann Ménétrier talked about the company’s presence on the Hungarian insurance market.

Legrand, the world leader in the manufacturing of products and systems for electrical installations and information networks in terms of sales, has been present in Hungary for over two decades. A recent article published in Diplomacy & Trade.

Hungarian oil and gas company MOL says that if the company decides to sell its shares in its Croatian subsidiaryINA , it will consult with the Croatian government as a potential buyer. The issue is raised as MOL's CEO is wanted in Croatia for questioning.

E.ON has concluded an agreement to sell its 100% stakes in E.ON Földgáz Trade and E.ON Földgáz Storage to MVM Hungarian Electricity Ltd. The purchase price for both companies, including the assumption of debt, is around €870 million.

Cigarette sales have declined dramatically in Hungary, statistics published by the National Tax and Financial Control Administration (NAV) showed. In the meantime, there are more and more reports of illegal trading of tobacco in the country.

Danish medical supplies company Coloplast will expand its production capacities in Hungary over the next two years. "We're growing year by year and need therefore more space and more production capacity," said Coloplast CEO Lars Rasmussen in a statement.

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.