"Austrian oil and gas group OMV has announced on Tuesday that it has has begun a process of litigation against its Hungarian rival MOL in the Hungarian courts based on three elements of its Articles of Association which in OMV's opinion violate Hungarian laws: more »

"The Indian factory of Hungary's leading pharmaceutical company, Richter Gedeon, has started production this year. The plant was constructed and is operated at smaller costs than if it had been set up in Hungary. The production of intermediates has been underway since the middle of the year and active ingredients will be on the menu as of 2009. more »

"Hungary's monetary base fell by HUF 8.1 billion to HUF 2,712.6 billion in October, the National Bank of Hungary (NBH) reported on Friday. The increase in loans granted to the household sector over the past few years continued, it added, noting that household deposits rose in October following a decline in the previous month and that within loans granted to households, there was barely any change in the share of loans in a breakdown by type. more »