September 2010

GM Invests EUR 500 million in Stepping up Production in Hungary

General Motors has unveiled a new EUR 500 million investment in transforming its Hungarian site into a European engine-manufacturing center for Opel.


KCI Creates Global Service Center in Budapest

Kinetic Concepts Inc. (KCI), a US-based medical technology firm has chosen Budapest to host the company’s global service center, a hub of global transactions.


PEZ Plant Inaugurated in Hungary

Austrian confectioner Ed. Haas inaugurated on September 17 a HUF 1 billion plant in Hungary, where it will make its trademark PEZ candy.


Investment Funds Assets Climb 3pct to HUF 3,668 Billion in August

Assets in Hungarian investment funds grew 3.1pct to HUF 3,668 billion at the end of August from a month earlier, the Hungarian Association of Investment Funds and Asset Managers (BAMOSZ) said on September 15.


Composite One Breaks Ground for New Plant in SW Hungary

Plastic aircraft-part maker Composite One Kft laid the cornerstone of a new plant in Somogyvár (SW Hungary) on Sunday.


QSCH Invests HUF 1 Billion in Line-stretching

QSCH Kft, the Hungarian subsidiary of Swiss Adval Tech has unveiled plans to develop its production capacities by building a new, 5,000 sqm plant at its site in Szekszard.


PRESS MONITOR

International news sources report on Hungarian economics and banking issues.


TAX & LEGAL ALERT

Please read our legal news for the week.


BOOKS & PUBLICATIONS

Recommended read for the week: The Europeanization of Central and Eastern Europe.


Hungary Could Join GRI Project Company

Hungary could become a shareholder in a project company to be established for the Azerbaijan-Georgia-Romanian Interconnector (AGRI).


News Monitoring