The Budapest Business Journal on the web

New car sales rise in Q1

Thursday 10:49, March 30th, 2006

About 5%-6 % more new cars were sold in Q1 2006 than in Q1 2005, preliminary data shows. Read more

Poppe and Potthoff start filling Audi order

Thursday 10:12, March 30th, 2006

German auto parts maker Poppe and Potthoff has started making common- rail injection system tubes at its unit in Hungary for delivery to Audi's unit in Győr.Read more

McDonald's revenue up 11% in 2005

Thursday 10:08, March 30th, 2006

Fast food chain McDonald’s Hungary Kft had operating profit of Ft 525 million last year, up 11% from 2004, the company announced on Wednesday. Read more

Poultry plant closes temporarily in Békéscsaba

Wednesday 05:54, March 29th, 2006

Some 800 workers of the Békéscsaba poultry processing plant in southeast Hungary were sent home on forced vacation due to liquidity problems caused by bird flu scare. Read more

Graphisoft to split IT and real estate activities

Wednesday 03:07, March 29th, 2006

Architectural software company Graphisoft Rt announced on Wednesday it plans to put its real estate activities into a separate company and offer its shareholders shares in the new company, which it will then list on the stock exchange. Read more

Magyar Telekom bids for Invitel

Wednesday 10:56, March 29th, 2006

Magyar Telekom Nyrt has made an offer for fixed-line phone operator Invitel Rt. Read more

Gardénia to sell unit with property option

Wednesday 09:02, March 29th, 2006

Textile company Gardénia Rt announced yesterday it has signed a contract to sell 100% of its trade subsidiary Dénia Kft for €480,000. Read more

PlakáTrend to demolish illegal ads

Tuesday 03:47, March 28th, 2006

Public service company PlakáTrend Kht, set up by the Hungarian Public Area Advertising Association (MKRSz), is launching a joint campaign with municipalities to remove illegal advertising instruments from the streets of Budapest.Read more

Mobile phone subscriptions up 0.27% in February

Tuesday 02:34, March 28th, 2006

The number of mobile phone subscriptions in Hungary increased 0.27% to 9.374 million in February, the National Communications Authority (NHH) said on Tuesday.Read more

BorsodChem to pay 31% of after-tax profit as dividend

Tuesday 02:31, March 28th, 2006

The board of chemicals company BorsodChem Rt will propose payment of a Ft 4.156 billion dividend on 2005's after-tax profit Ft 13.413 billion. Read more

GVH fines PR-Telecom Ft 10 mln

Monday 05:43, March 27th, 2006

The Competition Office (GVH) has fined cable television company PR-Telecom Zrt Ft 10 million for making changes to its channel packages without first obtaining the consent of subscribers. Read more

Domus AGM to decide on delisting

Monday 05:36, March 27th, 2006

Shareholders of furniture retailer Domus Rt will decide at an annual general meeting on April 26 whether to delist the company's shares from the Budapest Stock Exchange (BÉT).Read more

PSzÁF fines Globus Ft 1 mln

Friday 04:33, March 24th, 2006

The State Financial Supervisory Authority (PSzÁF) has fined canning industry company Globus Rt Ft 1 million for breaking rules on insider trading.Read more

Malév to launch flights to Gatwick

Friday 12:13, March 24th, 2006

Hungarian national airlines Malév Rt will launch daily flights to London’s Gatwick airport from May 1, the company announced on Friday. Read more

Hungarian exporters up cheese sales to Arab markets

Friday 12:03, March 24th, 2006

Hungarian cheese exporters have boosted their sales to the Arab world, benefiting from the ban imposed on Danish imports in the Arab countries after the caricature scandal. Read more

Allen&Overy local office wins UK award

Thursday 04:47, March 23rd, 2006

Leading UK law journal International Financial Law Review has awarded the Budapest office of Allen&Overy a prize for “Hungarian law office of the year”. Read more

Richter board proposes Ft 600 dividend per share

Thursday 09:54, March 23rd, 2006

The board of pharmaceuticals company Richter Gedeon Rt will propose the payment of a Ft 600 dividend per share on 2005 to shareholders at the AGM to be held on April 26.Read more

Ökotej to build Ft 1 bln dairy plant in Komádi

Wednesday 05:20, March 22nd, 2006

Ökotej Zrt will build a dairy plant in Komádi, east Hungary for nearly Ft 1 billion, the company announced on Wednesday. Read more

US-Hungarian joint venture to build Ft 18 bln bioethanol plant

Wednesday 04:31, March 22nd, 2006

US investment company CSLM Holding and Hungary's Bio-Tech-Energy announced on Wednesday plans to build a Ft 18 billion (€67.4 million) bioethanol plant in Hungary. Read more

Fotex Chairman Várszegi to take over as CEO

Wednesday 03:33, March 22nd, 2006

Fotex Chairman Gábor Várszegi, Hungary's fourth-richest man, takes over as chief executive officer at the local retailer as of April 1, the company said in a statement today.Read more

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