Hungarian government officials on October 27th 2008 signed a cooperation agreement with Daimler-Benz on a EUR 800 million production base.
The International Monetary Fund (IMF) has reached agreement with Hungary regarding substantial financing package.
Hungary's Competition Authority approved the acquisition of a 51 pct stake in nuclear power station equipment manufacturer Ganz Engineering Kornyezetvedelmi by a unit of Russia's state-owned Rosatom.
Hungary's parliament has adopted a law stipulating the introduction of the Single Payment Scheme (SPS) agricultural subsidy system in the country next year.
French sporting goods chain Decathlon will open two new stores in Hungary next month and is planning to open a further two stores in the country next year.
The European Bank of Reconstruction and Development (EBRD) is supportive of the agreement between IMF and Hungary.
Economic think tank GKI has lowered its forecast for Hungary's GDP growth to 2.0 pct from 2.7 pct for 2008, and to 0.5 pct from 3 pct for 2009, the think tank announced on October 26th 2008.
The new Zrinyi Bridge, connecting the Hungarian and Croatian Motorway was inaugurated on the 22nd of October.
The Hungarian oil and gas company MOL may cut its expenditures depending on the changes in the business environment.