Snack maker Mondelez International, formerly known as Kraft Foods, is investing $19 million at its base in Székesfehérvár to install capacity for Milka brand chocolate biscuit sandwiches, Mondelez Hungaria managing director Iryna Shandaryvska said.
Former finance minister Lajos Bokros has announced his return to domestic politics and founded a new political party, the Movement for a Modern Hungary (MoMa), with the goal of representing market-friendly liberal values and seeking the votes of the electorate.
Hungary's National Infocommunications Service Company (NISz) has called a tender for an estimated HUF 5.1 billion of optical cable for a railway communications network in the European Union's Tenders Electronic Daily (TED).
Managing Director, Hays Hungary
Hays Hungary launches 2013 Salary Guide and Market Overview
Output of Hungary's construction sector rose 9.9% year-on-year in March, helped by a low base and road and railway construction, the Central Statistics Office (KSH) said on Thursday.
Farm gate prices in Hungary rose 14.6% year-on-year in March, slowing from a 17.0% increase in the previous month, the Central Statistics Office (KSH) said on Thursday.
Consequit, a financial consultancy and insurance broker established six months ago after its chairman split with Brókernet, targets revenue of HUF 1.8 billion-2.2 billion this year.
The Hungarian business of Belgian's KBC had a first-quarter loss of €19 million as it booked the full-year amount it must pay on the bank levy, €54 million, in the period, KBC's earnings report published Thursday shows.
Hungary's economy is expected to grow at a sluggish pace in the first half of this year, but the tempo is set to pick up in the second half, perhaps lifting full-year GDP growth over 1%, National Economy Minister Mihály Varga said on public television.
Hungary's National Mobile Payment System will be launched as planned, on September 30, in spite of a recent decision by the Public Procurement Arbitration Board (KDB) annulling an invitation by Nemzeti Mobilfizetési.
About 15,000 companies and private individuals have added their names to a list of non-delinquent taxpayers compiled by the National Tax and Customs Authority (NAV) so far this year.
Geothermal energy company PannErgy's first-quarter net loss widened to HUF 299 million from HUF 99 million in the same period a year earlier on bigger financial losses and indirect costs, the company's consolidated IFRS report published Wednesday shows.
Troubled meat company Pápai Hús 1913 is offering to pay suppliers 70% of its liabilities, in several installments until the end of 2014.
Hungarian building materials maker Masterplast's first-quarter operating loss grew as margins narrowed, but its after-tax loss was lower because of a smaller financial loss, the company's consolidated IFRS report shows.
State Secretary at the Serbian Interior Ministry Vladimir Bozovic voiced confidence in Budapest that the cooperation between the Serbian and Hungarian police forces will improve even further.
Hungary's economic growth in the first quarter shows "sound structure", National Bank of Hungary governor György Matolcsy said on Thursday.
Hungarian life insurance company CIG Pannónia on Thursday said its first-quarter loss narrowed to HUF 338 million from HUF 1.2 billion in the same period a year earlier as revenue from investments jumped.
Pannónia Ethanol, a Hungarian producer of ethanol fuel, lodged a complaint with the European Commission last year after price reporting agency Platts denied it the opportunity to contribute to setting prices.
The National Bank of Hungary's Monetary Council said members could consider a further reduction in rates if the outlook for inflation is inline with the central bank's mid-term 3% "price stability" target and financial market sentiment is unchanged.
Slovenia’s dependence on imported energy increased by 3 percentage points to 51% last year, local media reported citing figures released by the Statistics Office.
Poland’s government approved the ‘Mieszkanie dla Młodych’ (“Apartments for the Youth”) subsidies program, the Warsaw Business Journal reported.
Azerbaijan produced 14.3 million metric tons of oil in January through April, a decline of 3.4% from a year earlier.
The Czech Republic’s current account showed an unexpected deficit for March, owing to deficits on the income balance and the balance of current transfers.
Shareholders of clearing house and depository KELER decided at an annual general meeting on Wednesday to place the company's 2012 after-tax profit of HUF 2.0 billion into profit reserves.
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