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Austrian property funds are the fastest-growing real estate sector in Europe, doubling their market capitalisation in the past 12 months as they pile into the undeveloped markets of Eastern Europe, broker Kempen said. more real estate news »ProLogis, a leading global provider of distribution facilities and services, today announced that the ProLogis European Properties Fund has acquired the 1.1 million-square-foot (101,987 m2) Harbor Park in Budapest. The acquisition doubles the size of ProLogis' portfolio of properties owned and under development in Hungary to 2.1 million square feet (197,790 m2) by adding nine distribution facilities, all of which were developed in the last four years.
more news »Travel agency Carlson Wagonlit Travel (CWT), co-owned by Carlson Companies of the US and France's Accor, projects sales revenue of HUF 6.4bn in Hungary this year, compared to HUF 5.7bn in 2004, the company announced on Saturday. more business & finance news »More than 80,000 spectators enjoyed International Aviation Day events in Kecskemet on Saturday, followed by another 20,000 on Sunday. In one of the many spectacular stunts on display, eight Turkish fighter jets drew various patterns in the sky, including a huge heart.
more entertainment news »Dairy company Alföldi Milk Kft is expected to buy the assets of Parmalat Hungaria Rt from liquidators, according to the Budapest Business Journal.
An agreement is expected to be reached between the liquidator, TM-Line Kft, and Alföldi Mby September 8, according to liquidating agent Ferenc Somogyi and Alföldi Milk CEO Tibor Mélykúti.
more business & finance news » The yearly "Supermarathon" from Vienna, Austria to Budapest, Hungary, a five-day run that covers 352 kilometres, will be held this year as part of the United Nations International Year of Sport and Physical Education, the UN Information Service in Vienna announced today.
more sports news »As part of an effort to pursue future cost-restructuring measures, a Boca Raton electronics manufacturing firm has made the decision to shut down one of its international factories.
Artesyn Technologies, located at 7900 Glades Rd., will transfer the product output from the 400-employee plant in Tatabanya, Hungary to Celestica Inc., a global electronics manufacturing services provider located in Oradea, Romania. The company is looking to complete the transfer by the end of the year.
more business & finance news »Film Director Steven Spielberg left Malta on Friday after seven weeks of shooting parts of what has been dubbed his most controversial project ever, “Munich”. The movie, dealing with the bloody aftermath of the 1972 Munich Olympics terrorist attacks has been shrouded in mystery from the first day of shooting and security was upped even further when a truck containing the director's equipment burst into flames in July. The filming will continue in Hungary.
more movies news »Canada was sixth in the women's K-4 500 metres at the world junior canoe and kayak championships Sunday while Hungary topped the overall standings after earning seven gold medals.
more sports news »Suzuki Motor Corp will introduce a new small sport utility vehicle in 2006 for worldwide sales at prices cheaper than those of comparable models offered by rival automakers, a business daily reported Sunday.
more getting around news »Turkey's leading airport builder and operator Tepe Akfen Ventures (TAV) is planning to go public in two years after completing a restructuring and raising its capital, its Chief Executive Officer Sani Sener said. more business & finance news »Results and standings from the Hungarian championship matches on Sunday: more sports news »Hungary's Finance Ministry will publish public sector figures for January-July on Friday at 17:00 local time. The ministry projected HUF 28.8 billion surplus for July.
more business & finance news »Swisscom Broadcasting plans to delist the shares of Hungary's national broadcaster and telecom company Antenna Hungaria (AH) from the Budapest Stock Exchange (BSE), should it be able to boost its stake to above the necessary 90%, Interfax reported on Friday.
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