http://www.bbj.hu/business/ Complete and independent daily business news from Hungary. en-us bbj@bbj.hu webmaster@bbj.hu PHP RSS Feed Generator Chairman of the Board Janos Berenyi of Hungarian national carrier Malev said on Tuesday that the government’s Monday designation of Malev as a "business of prime strategic significance" is evidence of its commitment to the airline. http://www.bbj.hu/business/malev-board-chairman-says-government-committed-to-airline--_62592 2012-01-31T17:40:00+01:00 http://www.bbj.hu/business/malev-board-chairman-says-government-committed-to-airline--_62592 Chinese-owned Huawei Technologies Hungary European Supply Centre opened a unit in Cserkut, near Pecs (SW Hungary), on Tuesday. http://www.bbj.hu/business/update---huawei-supply-centre-opens-unit-in-sw-hungary--_62589 2012-01-31T15:20:00+01:00 http://www.bbj.hu/business/update---huawei-supply-centre-opens-unit-in-sw-hungary--_62589 German-owned window systems maker Roto Elzett Certa is spending almost HUF 3bn to expand production and warehouse capacity at its plant in Lovo (W Hungary), managing director Erno Kocsis said at a press conference on Tuesday. http://www.bbj.hu/business/roto-elzett-certa-spending-huf-3bn-to-expand-capacity--_62588 2012-01-31T15:20:00+01:00 http://www.bbj.hu/business/roto-elzett-certa-spending-huf-3bn-to-expand-capacity--_62588 MAV-Gepeszet, the engineering unit of state-owned railway company MAV, has started making InterCity carriages at its base in Szolnok as the result of a HUF 1.4bn investment, MAV chairman-CEO Ferenc Szarvas said on Tuesday. http://www.bbj.hu/business/mav-unit-starts-production-of-ic-carriages--_62587 2012-01-31T15:20:00+01:00 http://www.bbj.hu/business/mav-unit-starts-production-of-ic-carriages--_62587 Chinese-owned Huawei Technologies Hungary European Supply Centre opened a unit in Cserkut, near Pecs (SW Hungary), on Tuesday. http://www.bbj.hu/business/huawei-supply-centre-opens-unit-in-sw-hungary--_62586 2012-01-31T13:40:00+01:00 http://www.bbj.hu/business/huawei-supply-centre-opens-unit-in-sw-hungary--_62586 A consortium of state-owned Magyar Posta, the Hungarian Electricity Works (MVM) and a unit of the Hungarian Development Bank (MFB) has successfully bid for a 5MHz frequency block in the 900MHz band at auction, making it the fourth player on Hungary’s mobile telecommunications market, the National Media and Infocommunications Authority (NMHH) said on Tuesday. http://www.bbj.hu/business/update---state-run-consortium-bags-biggest-frequency-block-at-auction--_62585 2012-01-31T13:35:00+01:00 http://www.bbj.hu/business/update---state-run-consortium-bags-biggest-frequency-block-at-auction--_62585 Managing director and chairman of the board Peter Feiner of retailer Spar Magyarorszag Kereskedelmi is resigning on March 1, the company told MTI on Tuesday. http://www.bbj.hu/business/spar-magyarorszag-to-get-new-board-chairman--_62581 2012-01-31T13:35:00+01:00 http://www.bbj.hu/business/spar-magyarorszag-to-get-new-board-chairman--_62581 A consortium of state-owned Magyar Posta, the Hungarian Electricity Works (MVM) and a unit of the Hungarian Development Bank (MFB) has successfully bid for a 5MHz frequency block in the 900MHz band at auction, making it the fourth player on Hungary’s mobile telecommunications market, the National Media and Infocommunications Authority (NMHH) said on Tuesday. http://www.bbj.hu/business/state-run-consortium-bags-biggest-frequency-block-at-auction--_62575 2012-01-31T11:05:00+01:00 http://www.bbj.hu/business/state-run-consortium-bags-biggest-frequency-block-at-auction--_62575 The board of Finext, the capital investments arm of Hungarian property developer Futureal, will propose to shareholders payment of a HUF 994m dividend from total assets at an annual general meeting on February 20. http://www.bbj.hu/business/finext-board-proposes-payment-of-huf-994m-dividend-from-assets--_62574 2012-01-31T11:05:00+01:00 http://www.bbj.hu/business/finext-board-proposes-payment-of-huf-994m-dividend-from-assets--_62574 The financing of the activities of national carrier Malev will become impossible from the end of January, in spite of improving business performance, CEO Lorant Limburger told the airline’s board on Monday. http://www.bbj.hu/business/malev-financing-impossible-from-end-january-says-ceo--_62564 2012-01-30T17:40:00+01:00 http://www.bbj.hu/business/malev-financing-impossible-from-end-january-says-ceo--_62564 Hungarian bus maker NABI on Monday said it would restart production at its plant in Kaposvar (W Hungary) to fill a 150-unit order from the city of Los Angeles. http://www.bbj.hu/business/nabi-to-resume-bus-manufacturing-at-kaposvar-plant-on-us-order--_62562 2012-01-30T15:30:00+01:00 http://www.bbj.hu/business/nabi-to-resume-bus-manufacturing-at-kaposvar-plant-on-us-order--_62562 The board of MKB Bank has decided on a HUF 62bn capital raise through a private placement to be subscribed by majority owner BayernLB, the bank said late Friday. http://www.bbj.hu/business/mkb-board-approves-huf-62bn-capital-raise--_62558 2012-01-30T15:25:00+01:00 http://www.bbj.hu/business/mkb-board-approves-huf-62bn-capital-raise--_62558 The government on Monday declared national carrier Malev a "business of prime strategic significance". http://www.bbj.hu/business/update-2---govt-declares-malev-strategic-company-in-decree_62559 2012-01-30T15:20:00+01:00 http://www.bbj.hu/business/update-2---govt-declares-malev-strategic-company-in-decree_62559 Hungary’s Paks Nuclear Power Plant generated 15,685 GWh of electricity in 2011, just under a record set in the previous year, chairman Csaba Baji said at a press conference on Monday. http://www.bbj.hu/business/paks-electricity-output-edges-down-in-2011_62556 2012-01-30T15:20:00+01:00 http://www.bbj.hu/business/paks-electricity-output-edges-down-in-2011_62556 Hungary’s Chief Prosecutor’s Office on Monday said it ended an investigation of the "MOL-INA affair" because of a lack of evidence. http://www.bbj.hu/business/hungary-prosecutor-ends-investigation-of-mol-ina-affair--_62555 2012-01-30T12:20:00+01:00 http://www.bbj.hu/business/hungary-prosecutor-ends-investigation-of-mol-ina-affair--_62555 Insurer Aviva on Monday said it agreed to sell its businesses in Hungary, the Czech Republic and Romania to MetLife. http://www.bbj.hu/business/aviva-sells-hungarian-business-to-metlife--_62554 2012-01-30T12:20:00+01:00 http://www.bbj.hu/business/aviva-sells-hungarian-business-to-metlife--_62554 The government on Monday declared national carrier Malev a "business of prime strategic significance". http://www.bbj.hu/business/update---govt-declares-malev-strategic-company-in-decree_62553 2012-01-30T12:00:00+01:00 http://www.bbj.hu/business/update---govt-declares-malev-strategic-company-in-decree_62553 The Skoda brand’s share of Hungary’s new car market rose to 11% last year, vehicle importer Porsche Hungaria told MTI. http://www.bbj.hu/business/skoda-market-share-in-hungary-climbs-to-11percent--_62552 2012-01-30T09:40:00+01:00 http://www.bbj.hu/business/skoda-market-share-in-hungary-climbs-to-11percent--_62552 MAV-Gepeszet, the engineering unit of state-owned railway company MAV, will start making carriages at the end of January, after a contract for support under the New Szechenyi Plan is signed on January 31, MAV communications directorate told MTI. http://www.bbj.hu/business/mav-unit-to-start-production-of-ic-carriages--_62551 2012-01-30T09:40:00+01:00 http://www.bbj.hu/business/mav-unit-to-start-production-of-ic-carriages--_62551 The government on Monday declared national carrier Malev a "business of prime strategic significance". http://www.bbj.hu/business/govt-declares-malev-strategic-company-in-decree--_62548 2012-01-30T09:40:00+01:00 http://www.bbj.hu/business/govt-declares-malev-strategic-company-in-decree--_62548 A shareholders meeting of Hungarian national carrier Malev on Friday failed to decide on the extension of an aircraft lease contract or on a capital raise, Malev board chairman Janos Berenyi told in a statement to MTI late on Friday. http://www.bbj.hu/business/malev-shareholders-meeting-takes-no-decision-on-lease-or-capital-raise--_62546 2012-01-27T20:25:00+01:00 http://www.bbj.hu/business/malev-shareholders-meeting-takes-no-decision-on-lease-or-capital-raise--_62546 The Hungarian unit of German automotive industry supplier Continental on Friday inaugurated a net HUF 1.2bn investment at its plant in Budapest. http://www.bbj.hu/business/continental-unveilshuf-12bn-investment-in-hungary--_62543 2012-01-27T20:20:00+01:00 http://www.bbj.hu/business/continental-unveilshuf-12bn-investment-in-hungary--_62543 Hungary's retail vehicle leasing market shrank to less than HUF 100bn in 2011, reaching a ten-year low, Lombard Leasing Group said on Friday. http://www.bbj.hu/business/hungary-retail-vehicle-leasing-market-contracts-to-ten-year-low--_62542 2012-01-27T14:40:00+01:00 http://www.bbj.hu/business/hungary-retail-vehicle-leasing-market-contracts-to-ten-year-low--_62542 A shareholders meeting of Hungarian national carrier Malev on Friday was recessed until 6pm because talks with the company that leases the airline its Boeing aircraft had not finished, Malev communications director Marta Rona told MTI. http://www.bbj.hu/business/malev-shareholders-meeting-recessed-as-lease-talks-continue--_62541 2012-01-27T12:00:00+01:00 http://www.bbj.hu/business/malev-shareholders-meeting-recessed-as-lease-talks-continue--_62541 The Hungarian Investment and Trade Agency (HITA) and the National Office of Intellectual Property (SZTNH) have signed a cooperation agreement in the interest of improving the competitiveness and innovative activities of Hungarian SMEs, HITA told MTI on Friday. http://www.bbj.hu/business/hita-intellectual-property-office-partner-to-support-smes--_62540 2012-01-27T12:00:00+01:00 http://www.bbj.hu/business/hita-intellectual-property-office-partner-to-support-smes--_62540 Take-up on Budapest’s industrial property market rose almost 50% in Q4 of last year from the previous quarter and was nearly double the rate in the same period a year earlier, the Budapest Property Consultants Coordination Forum (BIEF) told MTI on Friday. http://www.bbj.hu/business/take-up-on-budapest-industrial-property-market-climbs-almost-50percent-in-q4--_62539 2012-01-27T11:55:00+01:00 http://www.bbj.hu/business/take-up-on-budapest-industrial-property-market-climbs-almost-50percent-in-q4--_62539 Vueling, the low-fare unit of Spanish airline Iberia, is eyeing troubled Hungarian national carrier Malev, daily Nepszabadsag said on Friday, without citing any sources. http://www.bbj.hu/business/iberia-low-fare-unit-eyes-malev-nepszabadsag-says_62536 2012-01-27T09:55:00+01:00 http://www.bbj.hu/business/iberia-low-fare-unit-eyes-malev-nepszabadsag-says_62536 Hungarian automotive industry supplier Auto-Szoft Automatizalasi es Gepgyarto has completed a HUF 109m production hall at its base in the Gyor Industrial Park (NW Hungary), managing director Bela Papp told MTI. http://www.bbj.hu/business/auto-szoft-completes-huf-109m-production-hall--_62534 2012-01-27T09:50:00+01:00 http://www.bbj.hu/business/auto-szoft-completes-huf-109m-production-hall--_62534 German carmaker Daimler is in talks with Austrian-Canadian machinery maker Magna on moving production of the Mercedes G-Class sport utility vehicle to Hungary, Austrian daily Kleine Zeitung said on Thursday, citing a Magna official. http://www.bbj.hu/business/daimler-in-talks-to-move-more-production-to-new-plant-in-hungary_62527 2012-01-26T18:10:00+01:00 http://www.bbj.hu/business/daimler-in-talks-to-move-more-production-to-new-plant-in-hungary_62527 Revenue of snack maker Chio Magyarorszag, a unit of Netherlands-based Intersnack International, fell 5% to HUF 11.6bn in 2011 because of the introduction of a tax on unhealthy food introduced last September, managing director Robert Merkler said on Thursday. http://www.bbj.hu/business/chio-revenue-slips-on-chips-tax_62525 2012-01-26T15:00:00+01:00 http://www.bbj.hu/business/chio-revenue-slips-on-chips-tax_62525 Last year, Hungary’s National Tax and Customs Office (NAV) suspended the tax numbers of 77,643 companies - 15% of the total that are operating - more than twice the 32,000 in 2010, as NAV enforced a rule requiring publication of business results, company monitoring website feketelista.hu told MTI. http://www.bbj.hu/business/tax-authority-suspends-twice-as-many-tax-numbers-last-year-for-failure-to-report_62519 2012-01-26T11:25:00+01:00 http://www.bbj.hu/business/tax-authority-suspends-twice-as-many-tax-numbers-last-year-for-failure-to-report_62519 Automotive industry supplier I. G. Gasket International is building an HUF 810m plant in Rajka, near Hungary’s borders with Austria and Slovakia. http://www.bbj.hu/business/i-g-gasket-international-building-huf-810m-plant-in-nw-hungary_62516 2012-01-26T09:25:00+01:00 http://www.bbj.hu/business/i-g-gasket-international-building-huf-810m-plant-in-nw-hungary_62516 Shareholders of Hungarian drug maker Egis, majority-owned by France’s Servier, approved payment of a HUF 120-per-share dividend on after-tax profit from the business year ended September 30 at an annual general meeting on Wednesday. http://www.bbj.hu/business/egis-shareholders-approve-huf-120-per-share-dividend_62514 2012-01-25T18:55:00+01:00 http://www.bbj.hu/business/egis-shareholders-approve-huf-120-per-share-dividend_62514 Geothermal energy company PannErgy met its business targets in 2011 and its projects are on schedule, CEO Denes Gyimothy told journalists on Wednesday. http://www.bbj.hu/business/pannergy-meets-targets-in-2011_62502 2012-01-25T13:35:00+01:00 http://www.bbj.hu/business/pannergy-meets-targets-in-2011_62502 Iron-Tech Kereskedelmi, Szolgaltato es Termelo Zrt, a company that produces metal parts primarily for the automobile industry, completed a HUF 200m technological investment at its plant in Szigetvar (S Hungary), company owner-CEO Tibor Bocskor told MTI on Wednesday. http://www.bbj.hu/business/iron-tech-zrt-completes-eu-supported-investment_62499 2012-01-25T11:45:00+01:00 http://www.bbj.hu/business/iron-tech-zrt-completes-eu-supported-investment_62499 Debreceni Csoport Husipari (DCSH), one of Hungary’s biggest meat company, is shutting down its plant in Abda (NW Hungary) because of the unfavourable economic environment, managing director Viktor Szucs said in a statement sent to MTI on Tuesday. http://www.bbj.hu/business/meat-company-debreceni-to-shut-down-plant_62498 2012-01-25T11:40:00+01:00 http://www.bbj.hu/business/meat-company-debreceni-to-shut-down-plant_62498 The members of Kexport Cluster, an association of Hungarian environmental protection companies, aims to double their combined export revenue to HUF 8bn-9bn within five years, the association’s chairman Istvan Ori said at a press conference on Tuesday. http://www.bbj.hu/business/hungarian-environmental-company-cluster-aims-to-double-export-revenue_62496 2012-01-25T11:40:00+01:00 http://www.bbj.hu/business/hungarian-environmental-company-cluster-aims-to-double-export-revenue_62496 Aliter-P, a Hungarian company that sells hog-farming technology, inaugurated a HUF 200m base in Babolna (NW Hungary) on Wednesday. http://www.bbj.hu/business/hog-farming-technology-company-aliter-p-unveils-huf-200m-base_62495 2012-01-25T11:40:00+01:00 http://www.bbj.hu/business/hog-farming-technology-company-aliter-p-unveils-huf-200m-base_62495 Machinery maker and seller MPF Holding had pre-tax profit of more than HUF 3.5bn in 2011, the company’s management told MTI on Wednesday. http://www.bbj.hu/business/mpf-holding-pre-tax-profit-reaches-huf-35bn-in-2011_62494 2012-01-25T11:35:00+01:00 http://www.bbj.hu/business/mpf-holding-pre-tax-profit-reaches-huf-35bn-in-2011_62494 French tyre maker Michelin is postponing a planned capacity expansion in Hungary because of the uncertain economic environment, Michelin Hungaria managing director John Young said in Wednesday’s issue of Vilaggazdasag. http://www.bbj.hu/business/michelin-delays-investment-in-hungary-over-uncertain-economic-environment_62490 2012-01-25T10:05:00+01:00 http://www.bbj.hu/business/michelin-delays-investment-in-hungary-over-uncertain-economic-environment_62490 Artificial fertiliser maker Nitrogenmuvek had revenue of HUF 90bn in 2011, up 25% from a year before, CEO Istvan Blazsek told MTI on Tuesday. http://www.bbj.hu/business/nitrogenmuvek-revenue-grows-25percent-in-2011_62484 2012-01-24T17:45:00+01:00 http://www.bbj.hu/business/nitrogenmuvek-revenue-grows-25percent-in-2011_62484 Electronics maker EPCOS, the Hungarian unit of Japan’s TDK-EPC, inaugurated a HUF 960m aluminum electrolytic capacitor plant at the company’s base in Szombathely (W Hungary) on Tuesday. http://www.bbj.hu/business/epcos-inaugurates-huf-960m-expansion-at-production-base-in-w-hungary_62482 2012-01-24T17:45:00+01:00 http://www.bbj.hu/business/epcos-inaugurates-huf-960m-expansion-at-production-base-in-w-hungary_62482 Exposition organiser Hungexpo booked a small profit of HUF 53m in 2011 after racking up a HUF 870m loss in the previous year, CEO Gabor Ganczer said at a press conference on Tuesday. http://www.bbj.hu/business/hungexpo-finishes-2011-in-black_62478 2012-01-24T15:30:00+01:00 http://www.bbj.hu/business/hungexpo-finishes-2011-in-black_62478 Hungarian oil and gas company MOL expects the European Union ban on oil imports from Iran will have minimal impact on the group with regard to its exposure through Italian unit IES, MOL said in a statement on Tuesday, Reuters reported. http://www.bbj.hu/business/mol-says-eu-ban-on-iranian-oil-to-have-little-impact-on-its-business_62477 2012-01-24T13:45:00+01:00 http://www.bbj.hu/business/mol-says-eu-ban-on-iranian-oil-to-have-little-impact-on-its-business_62477 German carmaker Audi closed a record year at its base in the Hungarian city of Gyor, turning out more than 1.8m engines and almost 40,000 cars, Audi Hungaria said on Tuesday. http://www.bbj.hu/business/audi-hungaria-makes-18m-engines-in-2011_62475 2012-01-24T13:45:00+01:00 http://www.bbj.hu/business/audi-hungaria-makes-18m-engines-in-2011_62475 The value of mergers and acquisitions in Hungary fell 29% to $1.8bn in 2011, Ernst and Young division director Margaret Dezse said at a press conference on Tuesday. http://www.bbj.hu/business/hungary-m-and-a-market-declines-29percent-in-2011_62474 2012-01-24T13:45:00+01:00 http://www.bbj.hu/business/hungary-m-and-a-market-declines-29percent-in-2011_62474 Est Media said late Monday that the Company Court of Budapest registered a capital raise from HUF 1.37bn to HUF 3.96bn with effect from January 16. http://www.bbj.hu/business/company-court-registers-est-media-capital-raise_62471 2012-01-24T11:30:00+01:00 http://www.bbj.hu/business/company-court-registers-est-media-capital-raise_62471 The value of investment property transactions in Hungary jumped to €620m in 2011 from €180m in 2010, according to an analysis by commercial real estate services company CBRE. http://www.bbj.hu/business/hungary-investment-property-transactions-triple-in-2011_62468 2012-01-24T11:25:00+01:00 http://www.bbj.hu/business/hungary-investment-property-transactions-triple-in-2011_62468 The Hungarian unit of Austrian building materials maker Leier expects to complete a more than HUF 2bn plant in Gyor (NW Hungary) this year, Leier Hungarian managing director Andor Komlos confirmed in Tuesday’s issue of business daily Napi Gazdasag. http://www.bbj.hu/business/leier-to-complete-huf-2bn-plant-in-nw-hungary-this-year---paper_62465 2012-01-24T09:30:00+01:00 http://www.bbj.hu/business/leier-to-complete-huf-2bn-plant-in-nw-hungary-this-year---paper_62465 Hungarian-owned garment company Lux Gold has laid off all of its workers, a union leader said at a press conference late Monday. http://www.bbj.hu/business/garment-company-lux-gold-lays-off-staff_62464 2012-01-24T09:30:00+01:00 http://www.bbj.hu/business/garment-company-lux-gold-lays-off-staff_62464 The Hungarian Chamber of Commerce and Industry (MKIK) will get 10% of the revenue from mandatory company registration fees and local business chambers will get the rest, MKIK chairman Laszlo Parragh said after an extraordinary meeting of the body on Monday. http://www.bbj.hu/business/local-business-chambers-get-bulk-of-revenue-from-mandatory-registration-fee_62451 2012-01-23T17:10:00+01:00 http://www.bbj.hu/business/local-business-chambers-get-bulk-of-revenue-from-mandatory-registration-fee_62451 Budapest Airport, operator of the capital’s Liszt Ferenc International Airport, expects passenger numbers to grow by 300,000 to 9.2m in 2012, head of the company’s air transport division Kam Jandu said at a press conference on Monday. http://www.bbj.hu/business/budapest-airport-sees-passenger-numbers-climbing-to-92m-in-2012_62449 2012-01-23T13:30:00+01:00 http://www.bbj.hu/business/budapest-airport-sees-passenger-numbers-climbing-to-92m-in-2012_62449 Bombardier MAV, a joint venture of Canadian engineering giant Bombardier and Hungary’s state-owned railway company MAV, had revenue of HUF 8.8bn in 2011, managing director Peter Orban told MTI. http://www.bbj.hu/business/bombardier-mav-revenue-reaches-huf-88bn-in-2011_62445 2012-01-23T13:20:00+01:00 http://www.bbj.hu/business/bombardier-mav-revenue-reaches-huf-88bn-in-2011_62445 Internet-based telecommunications service provider ACE Telecom’s revenue climbed 21% to HUF 606m in 2011, managing director Adam Strelisky told MTI. http://www.bbj.hu/business/ace-telecom-revenue-rises-over-huf-600m-in-2011_62443 2012-01-23T10:05:00+01:00 http://www.bbj.hu/business/ace-telecom-revenue-rises-over-huf-600m-in-2011_62443 Budapest Airport, operator of the capital’s Liszt Ferenc International Airport, expects passenger number growth to slow to 5% in 2012 from 9% in 2011, CEO Jost Lammers said in an interview published in Monday’s issue of daily Magyar Nemzet. http://www.bbj.hu/business/budapest-airport-sees-passenger-numbers-climb-5percent-in-2012_62441 2012-01-23T10:05:00+01:00 http://www.bbj.hu/business/budapest-airport-sees-passenger-numbers-climb-5percent-in-2012_62441 Hungarian oil and gas company MOL on Monday announced initial testing results of an appraisal well in the Shaikan Block in the Kurdistan region of Iraq. http://www.bbj.hu/business/mol-announces-update-on-iraq-exploration_62440 2012-01-23T10:00:00+01:00 http://www.bbj.hu/business/mol-announces-update-on-iraq-exploration_62440 The board of energy service company E-Star Alernativ appointed Csaba Soos CEO, effective immediately, on January 21, E-Start said late Friday. http://www.bbj.hu/business/e-star-chairman-appointed-ceo_62439 2012-01-23T10:00:00+01:00 http://www.bbj.hu/business/e-star-chairman-appointed-ceo_62439 Another HUF 28.5bn in capital will soon be made available to small, innovative Hungarian companies with the support of the European Union’s Jeremie programme, business daily Vilaggazdasag reported on Monday. http://www.bbj.hu/business/new-jeremie-venture-capital-funds-gain-access-to-more-than-huf-28bn_62438 2012-01-23T10:00:00+01:00 http://www.bbj.hu/business/new-jeremie-venture-capital-funds-gain-access-to-more-than-huf-28bn_62438 Distillery Gyori Szeszgar es Finomito expects revenue this year to climb 10% over last year’s HUF 7.5bn, CEO Gyorgy Follath told MTI. http://www.bbj.hu/business/distillery-gyori-szeszgyar-sees-revenue-climbing-10percent-in-2012_62437 2012-01-23T09:55:00+01:00 http://www.bbj.hu/business/distillery-gyori-szeszgyar-sees-revenue-climbing-10percent-in-2012_62437 The vacancy rate on Budapest’s office space market has fallen under 20% for the first time in two years, the Budapest Real Estate Consultants Forum (BRF) told MTI. http://www.bbj.hu/business/vacancy-rate-on-budapest-office-space-market-falls-under-20percent_62432 2012-01-20T16:05:00+01:00 http://www.bbj.hu/business/vacancy-rate-on-budapest-office-space-market-falls-under-20percent_62432 The Hungarian unit of Swedish home furnishings company IKEA had revenue of HUF 33.77bn in its business year ended August 31, up 4.8% from the previous business year, IKEA Lakberendezesi said on Friday. http://www.bbj.hu/business/ikea-sales-in-hungary-climb-almost-5percent-in-2010-11-business-year_62431 2012-01-20T16:00:00+01:00 http://www.bbj.hu/business/ikea-sales-in-hungary-climb-almost-5percent-in-2010-11-business-year_62431 Hungarian pellet maker Pannon Pellet on Friday inaugurated a more than HUF 100m feedstock store at its base in Belezna (SW Hungary). http://www.bbj.hu/business/hungarian-pellet-maker-opens-huf-100m-feedstock-store_62430 2012-01-20T16:00:00+01:00 http://www.bbj.hu/business/hungarian-pellet-maker-opens-huf-100m-feedstock-store_62430 All three players present on Hungary’s mobile telecommunications market have won frequency blocks in an auction for parts of the 900 MHz band, daily Magyar Nemzet said on Friday without citing any sources. http://www.bbj.hu/business/all-mobile-providers-win-blocks-in-frequency-auction---paper_62416 2012-01-20T09:50:00+01:00 http://www.bbj.hu/business/all-mobile-providers-win-blocks-in-frequency-auction---paper_62416 Somlo Spirit is building a HUF 800m distillery of "palinka", the Hungarian eau de vie, in Somlovasarhely (NW Hungary), managing director Peter Feher told MTI. http://www.bbj.hu/business/somlo-spirit-building-huf-800m-palinka-distillery_62395 2012-01-19T09:55:00+01:00 http://www.bbj.hu/business/somlo-spirit-building-huf-800m-palinka-distillery_62395 Hungarian industrial group Hajdu targets consolidated revenue of HUF 12.3bn in 2012, up from HUF 11.4bn in 2011, CEO of Hajdu Hajdusagi Ipari Istvan Novotni told MTI. http://www.bbj.hu/business/hajdu-sees-revenue-climbing-to-huf-123bn-in-2012_62393 2012-01-19T09:50:00+01:00 http://www.bbj.hu/business/hajdu-sees-revenue-climbing-to-huf-123bn-in-2012_62393 Hungary’s Public Procurement Arbitration Board (KDB) has rejected an appeal from Italy’s AnsaldoBreda of the result of a tender to deliver 31 trams to the city of Miskolc (NE Hungary), the decision published on the Public Procurement Arbitration Board’s website shows http://www.bbj.hu/business/procurement-watchdog-rejects-appeal-in-miskolc-tram-tender_62391 2012-01-18T18:30:00+01:00 http://www.bbj.hu/business/procurement-watchdog-rejects-appeal-in-miskolc-tram-tender_62391 The competition office (GVH) has imposed fines of a combined HUF 6m on three companies organising consumer groups for providing misleading information to consumers, GVH told MTI on Wednesday. http://www.bbj.hu/business/competition-office-fines-consumer-group-organisers_62389 2012-01-18T18:30:00+01:00 http://www.bbj.hu/business/competition-office-fines-consumer-group-organisers_62389 German car-marker Opel will manufacture 100,000 more engines at the company’s plant in Szentgotthard (W Hungary) in 2012 than it did in 2011, factory Spokeswoman Edit Legardi told MTI on Wednesday. http://www.bbj.hu/business/opel-to-rev-up-hungary-engine-production-this-year_62388 2012-01-18T18:25:00+01:00 http://www.bbj.hu/business/opel-to-rev-up-hungary-engine-production-this-year_62388 French auto maker Citroen sold 38.7% more vehicles in Hungary in 2011 than in 2010, the company’s Hungarian unit, Citroen Hungaria, told MTI on Wednesday. http://www.bbj.hu/business/citroen-sales-rise-39percent-in-2011_62387 2012-01-18T18:25:00+01:00 http://www.bbj.hu/business/citroen-sales-rise-39percent-in-2011_62387 Only companies that raise the wages of at least two-thirds of their employees to prevent a drop of their net wages will be eligible for Hungarian state co-funding at tenders for European Union funding, the daily Vilaggazdasag reported citing National Economy State Secretary Sandor Czomba on Wednesday. http://www.bbj.hu/business/businesses-must-complement-net-wages-to-get-eu-co-funding---paper_62383 2012-01-18T16:10:00+01:00 http://www.bbj.hu/business/businesses-must-complement-net-wages-to-get-eu-co-funding---paper_62383 Water supply company Aqua Kft (Mosonmagyarovar, NW Hungary) had revenue of HUF 1.4bn last year compared to HUF 945m in 2010, and projects revenue of HUF 1.6bn for 2012, Managing Director Laszlo Leitner told MTI on Wednesday. http://www.bbj.hu/business/water-supply-company-aqua-posts-50percent-revenue-increase_62382 2012-01-18T16:05:00+01:00 http://www.bbj.hu/business/water-supply-company-aqua-posts-50percent-revenue-increase_62382 Axial Kft, which sells and services farming machines, has opened a new unit through greenfield investment of HUF 500m in Pecs (SW Hungary). http://www.bbj.hu/business/farming-machinery-trade-company-axial-opens-new-unit-in-sw-hungary_62381 2012-01-18T16:05:00+01:00 http://www.bbj.hu/business/farming-machinery-trade-company-axial-opens-new-unit-in-sw-hungary_62381 OTP Bank has raised the registered capital of its Slovak unit OTP Banka Slovensko by €10,019,496 to €78,507,897.84 based on the share subscription closed on December 16, 2011, OTP Bank announced on Wednesday. http://www.bbj.hu/business/otp-raises-capital-at-slovak-unit_62380 2012-01-18T16:05:00+01:00 http://www.bbj.hu/business/otp-raises-capital-at-slovak-unit_62380 The government has discussed Hungarian airline Malev, Government Spokesman Andras Giro-Szasz said on Wednesday, without adding further details. http://www.bbj.hu/business/the-government-has-talked-about-malev---spokesman_62379 2012-01-18T16:00:00+01:00 http://www.bbj.hu/business/the-government-has-talked-about-malev---spokesman_62379 Hungarian road haulage group Waberer’s Holding had EBITDA of €47.4m in 2011, up 20% yr/yr, the company told MTI on Wednesday, based on preliminary data. http://www.bbj.hu/business/waberers-ebitda-up-20percent-yr-yr-in-2011_62377 2012-01-18T16:00:00+01:00 http://www.bbj.hu/business/waberers-ebitda-up-20percent-yr-yr-in-2011_62377 Budapest-based Janosik es Tarsai has won a HUF 1.53bn tender to build a 1,843sqm non-profit office block in Debrecen (E Hungary), the latest issue of the Public Procurement Gazette shows. http://www.bbj.hu/business/winner-announced-for-non-profit-office-tender-in-e-hungary-_62373 2012-01-18T14:00:00+01:00 http://www.bbj.hu/business/winner-announced-for-non-profit-office-tender-in-e-hungary-_62373 Hungarian oil and gas company has begun construction of a HUF 300m plant at its refinery in Zalaegerszeg (W Hungary) to produce MOL-patented rubber-bitumen from a mixture of bitumen and used tires, MOL Product Development Director Andras Hollo announced on Wednesday. http://www.bbj.hu/business/mol-begins-construction-of-huf-300m-rubber-bitumen-plant-in-w-hungary_62372 2012-01-18T13:45:00+01:00 http://www.bbj.hu/business/mol-begins-construction-of-huf-300m-rubber-bitumen-plant-in-w-hungary_62372 The best the Hungarian construction industry can expect in 2012 is that the sector’s contraction will come to an end, Laszlo Koji, deputy head of building sector association EVOSZ, told MTI on Wednesday. http://www.bbj.hu/business/decline-of-industrial-investments-could-stop-in-2012_62371 2012-01-18T13:30:00+01:00 http://www.bbj.hu/business/decline-of-industrial-investments-could-stop-in-2012_62371 Hungarian navigation software developer NNG on Wednesday said it has developed a new navigational platform for HUF 750m. http://www.bbj.hu/business/nng-develops-new-navigation-platform_62370 2012-01-18T13:15:00+01:00 http://www.bbj.hu/business/nng-develops-new-navigation-platform_62370 The Hungarian Investment and Trade Agency (HITA) and the Hungarian Chamber of Commerce and Industry (MKIK) on Wednesday concluded an agreement to help SMEs in Hungary to expand their activities abroad. http://www.bbj.hu/business/trade-promotion-agency-chamber-to-support-foreign-expansion-of-smes_62368 2012-01-18T11:25:00+01:00 http://www.bbj.hu/business/trade-promotion-agency-chamber-to-support-foreign-expansion-of-smes_62368 German car-marker Opel will hire 210 more workers at its new, €500m assembly plant set to begin production in the town of Szentgotthard (W Hungary) this year, factory director Tamas Solt announced on Wednesday.   http://www.bbj.hu/business/opel-to-hire-210-more-workers-at-new-plant-in-w-hungary-this-year_62364 2012-01-18T09:55:00+01:00 http://www.bbj.hu/business/opel-to-hire-210-more-workers-at-new-plant-in-w-hungary-this-year_62364 Hungarian majority-owned construction company TriGranit on Tuesday said it signed a €119m loan with a syndicate of banks to raise finance for a €250m project in the Polish city of Poznan. http://www.bbj.hu/business/trigranit-signs-eur119m-syndicated-loan-for-polish-project_62359 2012-01-17T15:30:00+01:00 http://www.bbj.hu/business/trigranit-signs-eur119m-syndicated-loan-for-polish-project_62359 Hungarian co-chairman of the council Sandor Csanyi, co-chairman of the National Association of Entrepreneurs and Employers (VOSZ) emphasised that bilateral relations have been fruitful for several decades, and, on the level of declared intentions, they were stronger in 2011 than ever before. http://www.bbj.hu/business/china-hungary-business-council-holds-inaugural-session-in-budapest_62358 2012-01-17T15:30:00+01:00 http://www.bbj.hu/business/china-hungary-business-council-holds-inaugural-session-in-budapest_62358 Milling company PannonMill is raising prices by 10% from February 1 because of higher input costs, chairman-CEO Zoltan Poor said on Tuesday. http://www.bbj.hu/business/pannonmill-to-raise-prices-by-10percent-because-of-higher-costs_62357 2012-01-17T15:30:00+01:00 http://www.bbj.hu/business/pannonmill-to-raise-prices-by-10percent-because-of-higher-costs_62357 Engineering giant ABB has invested more than HUF 200bn in energy and automatisation projects in Hungary in the past 20 years, managing director of the company’s local unit Tanja Vainio said at a press conference on Tuesday. http://www.bbj.hu/business/abb-invests-huf-200bn-in-hungary-over-two-decades_62355 2012-01-17T13:55:00+01:00 http://www.bbj.hu/business/abb-invests-huf-200bn-in-hungary-over-two-decades_62355 Denmark’s Lego Group will start construction of a €125m plant in Nyiregyhaza (NE Hungary) in the summer, managing director of the company’s local unit Jens Peter Clausen said on Tuesday. http://www.bbj.hu/business/lego-to-start-building-eur125m-plant-in-hungary-in-summer_62353 2012-01-17T13:55:00+01:00 http://www.bbj.hu/business/lego-to-start-building-eur125m-plant-in-hungary-in-summer_62353 German construction group Hochtief has decided not to sell its stakes in airport operator companies including Budapest Airport Zrt for the moment. http://www.bbj.hu/business/hochtief-no-to-sell-stake-in-budapest-airport_62344 2012-01-17T09:55:00+01:00 http://www.bbj.hu/business/hochtief-no-to-sell-stake-in-budapest-airport_62344 Hungary’s Competition Office (GVH) on Monday said it approved RTL Group Central and Eastern Europe’s purchase of a controlling stake in media company IKO Media Holding. http://www.bbj.hu/business/competition-office-approves-rtl-group-acquisition-of-stake-in-owner-of-rtl-klub-operator_62342 2012-01-16T18:00:00+01:00 http://www.bbj.hu/business/competition-office-approves-rtl-group-acquisition-of-stake-in-owner-of-rtl-klub-operator_62342 Magyar Suzuki, the Hungarian unit of Japanese carmaker Suzuki, will not lay off workers at the company’s factory in Esztergom (N Hungary) in spite of GM’s decision to discontinue production of Opel Agila cars at the plant, Magyar Suzuki Communications Director Viktoria Ruska told MTI on Monday. http://www.bbj.hu/business/magyar-suzuki-says-will-not-downsize-despite-losing-opel-agila-contract_62339 2012-01-16T17:35:00+01:00 http://www.bbj.hu/business/magyar-suzuki-says-will-not-downsize-despite-losing-opel-agila-contract_62339 Peugeot sold 2,598 vehicles in Hungary in 2011, up 16% yr/yr, the company told MTI on Monday. http://www.bbj.hu/business/peugeot-sales-rise-16percent-in-hungary-last-year_62336 2012-01-16T13:10:00+01:00 http://www.bbj.hu/business/peugeot-sales-rise-16percent-in-hungary-last-year_62336 Hungarian bus maker NABI could resume production of buses at the company’s plant in Kaposvar (SW Hungary) as early as March in order to fill orders from the city of Los Angeles, the daily newspaper Magyar Nemzet reported on Saturday, citing NABI CEO Ferenc Levai. http://www.bbj.hu/business/nabi-may-resume-production-at-plant-in-sw-hungary-in-march_62334 2012-01-16T11:45:00+01:00 http://www.bbj.hu/business/nabi-may-resume-production-at-plant-in-sw-hungary-in-march_62334 Fish-farming and fishing company Aranyponty Zrt generated revenue of over HUF 1bn in 2011, up from HUF 860m in 2010, company President-CEO Ferenc Levai told MTI on Saturday. http://www.bbj.hu/business/aranyponty-zrt-revenue-rises-to-over-huf-1bn-last-year_62330 2012-01-16T10:10:00+01:00 http://www.bbj.hu/business/aranyponty-zrt-revenue-rises-to-over-huf-1bn-last-year_62330 Leier Hungaria Kft, the Hungarian unit of construction materials manufacturer Leier International, generated revenue of HUF 17bn in 2011, up HUF 1.5bn, CEO Andor Komlos told MTI on Monday. http://www.bbj.hu/business/leier-hungaria-revenue-up-close-to-10percent-in-2011_62329 2012-01-16T10:05:00+01:00 http://www.bbj.hu/business/leier-hungaria-revenue-up-close-to-10percent-in-2011_62329 Otto Gergye, national carrier Malev’s deputy-CEO for sales, is leaving the airline for family reasons with effect from February 1, Malev told MTI on Friday. http://www.bbj.hu/business/malev-deputy-ceo-leaves-post_62324 2012-01-13T18:30:00+01:00 http://www.bbj.hu/business/malev-deputy-ceo-leaves-post_62324 Property developer CA Immo has refinanced a loan used to purchase a 24,000sqm office building in the city centre, CA IMMO Real Estate Management Hungary told MTI. http://www.bbj.hu/business/ca-immo-refinances-loan-used-to-buy-budapest-office-property_62319 2012-01-13T13:40:00+01:00 http://www.bbj.hu/business/ca-immo-refinances-loan-used-to-buy-budapest-office-property_62319 Samsonite Hungaria, the Hungarian unit of US-based suitcase maker Samsonite, has completed a HUF 765m expansion of its plant in Szekszard (S Hungary), the daily Nepszabadsag wrote on Friday. http://www.bbj.hu/business/samsonite-hungaria-completes-huf-765m-expansion-in-hungary_62312 2012-01-13T11:30:00+01:00 http://www.bbj.hu/business/samsonite-hungaria-completes-huf-765m-expansion-in-hungary_62312 Airline company Travel service, a subsidiary of Czech Unimex, has drawn up its business plan for the takeover of Hungarian carrier Malev and submitted it to the Ministry of National Development, Attila Farkas, a Hungarian representative for the company, told daily Nepszabadsag on Friday. http://www.bbj.hu/business/czech-airline-lodges-business-plan-for-malev_62309 2012-01-13T11:25:00+01:00 http://www.bbj.hu/business/czech-airline-lodges-business-plan-for-malev_62309 Unisys Global Services Hungary will open a call centre in Pecs (SW Hungary) in the spring, local news portal Pecsi Ujsag said on Thursday. http://www.bbj.hu/business/unisys-global-services-to-open-call-centre-in-hungary_62300 2012-01-12T17:40:00+01:00 http://www.bbj.hu/business/unisys-global-services-to-open-call-centre-in-hungary_62300 Baktai Ipari Park on Thursday unveiled a HUF 765m industrial park in Baktaloranthaza (NE Hungary). http://www.bbj.hu/business/huf-765m-industrial-park-unveiled-in-ne-hungary_62292 2012-01-12T14:45:00+01:00 http://www.bbj.hu/business/huf-765m-industrial-park-unveiled-in-ne-hungary_62292 The historic Aranybika Hotel in Debrecen (E Hungary) is being put on the block for the ninth time by its liquidator, business daily Napi Gazdasag said on Thursday. http://www.bbj.hu/business/liquidator-offers-historic-hotel-for-ninth-time---paper_62289 2012-01-12T11:30:00+01:00 http://www.bbj.hu/business/liquidator-offers-historic-hotel-for-ninth-time---paper_62289 K&H Bank’s quarterly index of SME confidence declined 18 points in the fourth quarter of 2011 to minus-44 points, the index’s lowest reading since the onset of the global financial and economic crisis, the bank reported on Wednesday. http://www.bbj.hu/business/k-and-h-bank-sme-confidence-index-falls-to-lowest-point-since-onset-of-crisis_62282 2012-01-11T17:35:00+01:00 http://www.bbj.hu/business/k-and-h-bank-sme-confidence-index-falls-to-lowest-point-since-onset-of-crisis_62282 German discount chain Lidl is launching mobile telecommunications services in Hungary, daily Nepszabadsag said on Wednesday, citing the website hwsw. http://www.bbj.hu/business/lidl-to-launch-mobile-services-in-hungary_62274 2012-01-11T13:55:00+01:00 http://www.bbj.hu/business/lidl-to-launch-mobile-services-in-hungary_62274 The chairman of Hungary’s troubled national carrier Malev assured passengers in an interview on public television on Wednesday that the airline would continue to fly in spite of a recent European Commission decision ordering the recovery of HUF 70bn-100bn in illegal state aid. http://www.bbj.hu/business/malev-chief-reassures-passengers-airline-will-continue-to-fly_62266 2012-01-11T11:55:00+01:00 http://www.bbj.hu/business/malev-chief-reassures-passengers-airline-will-continue-to-fly_62266 Irish baler and wrapper maker McHale is spending HUF 500m to update technology at its manufacturing base in the Hungarian city of Szolnok, business daily Vilaggazdasag said on Wednesday. http://www.bbj.hu/business/mchale-invests-huf-500m-at-base-in-hungary---paper_62264 2012-01-11T09:50:00+01:00 http://www.bbj.hu/business/mchale-invests-huf-500m-at-base-in-hungary---paper_62264 IT Services Hungary on Tuesday said it will establish a new research and development centre in Budapest this year. http://www.bbj.hu/business/it-services-hungary-setting-up-r-and-d-centre_62254 2012-01-10T15:25:00+01:00 http://www.bbj.hu/business/it-services-hungary-setting-up-r-and-d-centre_62254 Fitch Ratings on Tuesday said Hungarian oil and gas company MOL’s ratings were unaffected by a downgrade of Hungary’s sovereign ratings on Friday. http://www.bbj.hu/business/mols-fitch-ratings-unaffected-by-hungary-downgrade_62252 2012-01-10T15:25:00+01:00 http://www.bbj.hu/business/mols-fitch-ratings-unaffected-by-hungary-downgrade_62252 Hungarian oil and gas company MOL on Tuesday said Romania’s competition authority fined its local unit RON 80.3m (€18.5m) for an alleged breach of anti-trust rules. http://www.bbj.hu/business/romanian-competition-authority-fines-mol-unit-eur185m_62251 2012-01-10T15:20:00+01:00 http://www.bbj.hu/business/romanian-competition-authority-fines-mol-unit-eur185m_62251 The number of guest nights at commercial accommodations in Hungary reached 1.206m in November, up 0,6% from a year earlier, after adding 3.0% yr/yr in October, and gross revenue was up 7.8% to HUF 18.744bn, after a fall of 0.5% in October, the Central Statistics Office (KSH) said on Tuesday. http://www.bbj.hu/business/hungary-guest-nights-up-06percent-in-november;-revenue-up-78percent_62233 2012-01-10T09:55:00+01:00 http://www.bbj.hu/business/hungary-guest-nights-up-06percent-in-november;-revenue-up-78percent_62233 The European Commission on Monday said it ordered Hungary to recover illegal state aid to national airline Malev between 2007 and 2010. http://www.bbj.hu/business/update---european-commission-orders-hungary-to-recover-illegal-state-aid-to-malev--_62222 2012-01-09T16:15:00+01:00 http://www.bbj.hu/business/update---european-commission-orders-hungary-to-recover-illegal-state-aid-to-malev--_62222 The European Commission on Monday said it ordered Hungary to recover illegal state aid to national airline Malev between 2007 and 2010. http://www.bbj.hu/business/european-commission-orders-hungary-to-recover-illegal-state-aid-to-malev--_62217 2012-01-09T13:35:00+01:00 http://www.bbj.hu/business/european-commission-orders-hungary-to-recover-illegal-state-aid-to-malev--_62217 Carbonex, a company that deals primarily in retail sale of coal, was unprofitable for the first time in its twenty-year history last year, Carbonex CEO Deszo Bodi told the business daily Vilaggazdasag in an interview published on Monday.  http://www.bbj.hu/business/carbonex-unprofitable-for-first-time-last-year_62214 2012-01-09T11:20:00+01:00 http://www.bbj.hu/business/carbonex-unprofitable-for-first-time-last-year_62214 BorgWarner Turbo Systems Kft, the Hungarian unit of US-based global automotive industry components and parts supplier BorgWarner, is planning to increase capacity by 50% and hire 140 more workers at its turbocharger manufacturing plant in northern Hungary by 2015, the business daily Napi Gazdasag reported on Monday. http://www.bbj.hu/business/borgwarner-unit-plans-to-increase-capacity-hire-workers_62213 2012-01-09T11:20:00+01:00 http://www.bbj.hu/business/borgwarner-unit-plans-to-increase-capacity-hire-workers_62213 Fundamenta-Lakaskassza signed new home savings contracts worth HUF 307bn in January-November, 23% more than in the same period a year earlier, the home savings bank told MTI. http://www.bbj.hu/business/fundamenta-lakaskassza-new-home-savings-contracts-climb-23percent_62200 2012-01-06T15:20:00+01:00 http://www.bbj.hu/business/fundamenta-lakaskassza-new-home-savings-contracts-climb-23percent_62200 An extraordinary general meeting of Malev shareholders was suspended on Friday before a point on the agenda concerning the troubled national airline’s capital position was reached. http://www.bbj.hu/business/malev-shareholders-fail-to-take-decision-on-capital-position_62196 2012-01-06T13:25:00+01:00 http://www.bbj.hu/business/malev-shareholders-fail-to-take-decision-on-capital-position_62196 Shareholders of online retailer Bookline.hu on Thursday decided to change the name of the comapny to Shopline to better reflect its broader offering of products. http://www.bbj.hu/business/online-retailer-bookline-will-change-name-to-shopline_62192 2012-01-06T11:40:00+01:00 http://www.bbj.hu/business/online-retailer-bookline-will-change-name-to-shopline_62192 Hungarian property developer Futureal wants to build a €120m shopping centre near Budapest’s Kelenfold railway station. http://www.bbj.hu/business/design-for-planned-eur120m-futureal-development-approved_62181 2012-01-05T17:50:00+01:00 http://www.bbj.hu/business/design-for-planned-eur120m-futureal-development-approved_62181 Hungary’s Public Procurement and Supply Directorate has called a tender for HUF 1.5bn of mobile telecommunication services on the European Union’s public procurement portal. http://www.bbj.hu/business/hungary-calls-public-procurement-tender-for-huf-15bn-of-mobile-services_62170 2012-01-05T15:25:00+01:00 http://www.bbj.hu/business/hungary-calls-public-procurement-tender-for-huf-15bn-of-mobile-services_62170 Hungarian drugmaker Egis on Thursday said the stake of its shares held by Franklin Resources, the owner of Franklin Templeton Investment Fund, fell under the 5% disclosure threshold. http://www.bbj.hu/business/franklin-resources-stake-in-egis-falls-under-disclosure-threshold_62166 2012-01-05T13:20:00+01:00 http://www.bbj.hu/business/franklin-resources-stake-in-egis-falls-under-disclosure-threshold_62166 The Hungarian Vehicle Importers’ Association (MGE) expects the number of new cars registered in Hungary to climb 15% to 52,000 this year, managing chairman Peter Erdelyi said at a press conference on Thursday. http://www.bbj.hu/business/hungary-new-car-sales-set-to-rise-15percent-in-2012_62162 2012-01-05T12:00:00+01:00 http://www.bbj.hu/business/hungary-new-car-sales-set-to-rise-15percent-in-2012_62162 Aluminum die-casting company Csaba Metal has begun a HUF 923.21m investment to purchase new machinery and IT equipment at its plants in Bekescsaba and Szeghalom (both E Hungary), the company told MTI on Thursday. http://www.bbj.hu/business/csaba-metal-investing-huf-923m-at-plants-in-e-hungary_62160 2012-01-05T11:50:00+01:00 http://www.bbj.hu/business/csaba-metal-investing-huf-923m-at-plants-in-e-hungary_62160