Once an entrepreneur, always an entrepreneur; even though they might have encountered huge challenges in starting and growing their businesses, the vast majority of entrepreneurs would do it all over again.
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.
Managing Director, Hays Hungary
Hays Hungary launches 2013 Salary Guide and Market Overview
Lithuania’s unemployment rate edged up to 13.1% in the first quarter from 13% in the fourth quarter, the Department of Statistics in Vilnius said on Friday. The latest figure was notably lower than 7.3% recorded in the first quarter last year.
First-quarter profits of Hungarian electricity distributors ELMŰ and ÉMÁSz fell from a year earlier as revenue declined, the companies' consolidated IFRS reports published late Friday showed.
Azeri state energy firm SOCAR plans to borrow about $4 billion from foreign banks to finance construction of a refinery in Turkey.
Hungary's government has decided to reduce the per-unit cap on chimney sweep fees by 50% to HUF 2,000 from July 1, the National Development Ministry said on Friday.
Slovenia’s jobless rate fell 0.2 percentage points to 13.4% in March, the first decrease since September 2012, the Slovenia Times reported Friday citing data from the Statistics Office.
The Bayerische Landesbank (BayernLB) has not given exclusivity to any of the potential buyers of its Hungarian subsidiary MKB bank
German photovoltaic corporation Gehrlicher Solar has procured credit facility of €85 million ($109.5 million) for additional two years to fuel its US expansion plans.
Twenty-nine percent of Hungarians owned smartphones at the end of last year, according to a survey by eNET-Telekom.
Fitch Ratings downgraded Friday Slovenia’s long-term foreign and local currency issuer default ratings to BBB+ from A-, citing the deterioration of the macroeconomic and fiscal outlook, questions over bank recapitalization costs and political uncertainty.
Hungarian textile maker Pannon-Flax had after-tax losses of HUF 54.4 million in the first quarter of 2013, up from after-tax losses of HUF 38.5 million a year ago on increasing cost of sales and financial-transaction losses.
The Russian government may cut the state’s holding in Rosneft, the nation’s largest oil company, to 51%, Prime Minister Dmitry Medvedev said on Sunday quoted by RIA Novosti.
Several pedestrian bridges spanning the Danube could be built in Budapest in the medium term, according to a study recently approved by the city council, mayor István Tarlós said on Thursday.
Cyprus should return to growth in 2015 after three years of deep recession, the International Monetary Fund said on Friday, but will need to ensure that its sweeping austerity program does not slip off the tracks.
The European Bank for Reconstruction and Development will support Croatian pharmaceutical packaging producer Piramida with €3.6 million.
The net lending capacity of households - their net financial savings ratio - reached HUF 364 billion in nominal terms, or 5.6% of GDP in the first quarter of 2013, the National Bank of Hungary (MNB) said.
Autogas retail sales in Latvia rose 50% in the first quarter, compared to the same period of the last year, reported LETA/Nozare.lv, referring to data from the State Revenue Service.
The German-Hungarian Chamber of Commerce and Industry celebrated its 20th anniversary at an event on Thursday. Speaking at the event, National Economy Minister Mihály Varga said Germany was Hungary's most important trade partner.
UK’s IDScan Biometrics, a leading European provider of solutions for ID authentication, has chosen Lithuania to establish an R&D unit, wrote news2biz Lithuania.
The European Bank for Reconstruction and Development is strengthening the private sector in Serbia by providing loans and leasing finance to small and medium-sized enterprises through local subsidiaries of UniCredit.
Lenders who participate in the National Bank of Hungary's "Funding for Growth Scheme" must disburse just 30% of investment loans supported with the 0% refinancing from the central bank during the programme's run, from June 1 until August 30.
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