Erste Group would not invest resources earmarked for business development in Hungary. It will, however, ensure sufficient capital for capital adequacy and liquidity to its Hungarian unit, Erste Group chairman-CEO Andreas Treichl said.

The long-lasting decrease in Hungary’s construction output also continued in July. The production volume the construction sector declined by 0.8% month on month in July, according to seasonally adjusted figures.

RE project development ltd launched a campaign for the safety of people working in office buildings with the title ‘REvive’. The aim is to provide defibrillator for employees of tenants in office buildings and to give life-saving skills and practical experience as well.

Officers at the Hungarian Banking Association are not yet sure how to interpret Prime Minister Viktor Orbán's Wednesday morning statement that "splitting losses" will be a key priority task this fall, an official at the Association said.

Sunshine Garage requires little ground space but offers unrivalled technical safety and speed as well as safety of valuables - in congested cities or as a P+R facility. Also, it offers the quickest return on investment in the non-residential sector.

Hungarian Airlines Malév is to get a HUF 8.5 billion (EUR 31.17 m) capital injection from the state that is re-channeling this sum in the budget as an extraordinary government measure. The carrier already got an injection in June.

The latest "State of the Internet Report" says Hungary is among the top countries in the world regarding the average connection speed, the proportion of broadband connections and penetration from mobile networks, as well.

In early 2012, a new retail format, a multi-level Outlet Plaza will open its doors in central Budapest. The 10,000-square-meter retail center is a new retail format in Hungary, as outlets are usually located outside of the city.

Hungarian restaurateur George Lang passed away on the fifth of July in his home in New York City at age of 86. Born in Hungary, he learned music, his fate took him to New York city where he gave up music and got involved in gastronomy.

This week sees the end of production at the Miskin plant of the German automobile components manufacturer Bosch in South Wales as work is transferred to the company's plant Hungary where labor costs are lower.

ArchiCAD, a 3D architectural design software revolutionized architectural planning all over the world. As one of Hungary’s most important innovations, it has reaped great successes of all kinds for its inventor: rewards, recognition, profit.

A recent government decision has approved plans for Hungary to divest its stake in Budapest Airport, the company which operates the city’s Ferihegy Airport. The decision has appeared in the latest issue of the Hungarian Gazette.

New car registration in Hungary grew by 12.1% year on year in May 2011, Datahouse statistics showed on Wednesday. Some analysts suggest that the new buyers may be those well-paid who are favored by new flat-rate income tax.

Malév Hungarian Airlines incurred a loss of HUF 24.56 billion (EUR 91.32 m) in 2010, the carrier’s balance sheet approved by a shareholder meeting on Friday showed. The figure is a bit better than the year before but worse than projected.

Hungary has bought back a 21.2% stake held by Russia’s Surgutneftegaz in fuels group MOL. The deal, to be completed August 31st this year, is worth EUR 1.88 billion and will be paid for from previously drawn IMF grants.