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Finnish-owned manufacturer of telecom, IT and electronics equipment Elcoteq Hungary Kft has launched a recruitment campaign in Pécs and other towns in the region to hire 1,300 new employees over the next 3 months, Communications Director Zoltán Krippl said.
more news »ExxonMobil will open a Euro 44 million regional services center in Hungary under an agreement signed by Economics Minister István Csillag and ExxonMobil East European executive director Francis Uyttebrouk yesterday. The center, to be completed by 2006, will employ 400 people at the start, but could hire as many as 100 more. more it & telco news »Hungary's 2005 budget will be crucial for fully regaining foreign investors' confidence in forint assets, Hungarian Finance Minister Tibor Draskovics said on Wednesday. more business & finance news »The departure of the last 2,000 conscripts from the Hungarian army in November will complete its transformation into a fully professional force, Defence Minister Ferenc Juhasz said on Wednesday. more current affairs news »Seasonal changes could impact the timing of the menopause, adding to factors such as a woman's dwindling supply of eggs, Hungarian fertility experts said on Thursday. more health & wellness news »According to preliminary figures, Hungary’s trade deficit totalled EUR 1,530.5 million in January-April, versus a gap of EUR 1,429 million in the first four months of 2003, the Central Statistics Office (KSH) said on Thursday.
more business & finance news »The Hungarian government has reached an agreement with drug producers, unofficial sources close to drug producers told portfolio.hu on Wednesday. Producer prices will be restored to levels on 31 March, consumer prices remain lowered. Official announcement is yet to be made.
more health & wellness news »Szalók Holding Kft, a subsidiary of U.S. company HH Global Capital Partners, plans to build a Ft 12 billion spa and hotel at the Egerszalók thermal springs in northeastern Hungary. Szalók will spend Ft 2.84 billion on the first phase. more news »British suit maker Berwin plans to invest Euro 1 million at its four factories in Hungary in 2005, Simon Berwin, who owns the company, said yesterday. Berwin has already invested Euro 1.4 million in factories in Nyíregyháza, Dunaújváros, Várpalota and Vásárosnamény, all of which it bought in April 2001. more business & finance news »Mey’s strategic business plan for the next 10 years is centered around Hungary, with a Ft 500 million green-field investment alloted for the year 2005, for Veresegyház plant, east of Budapest. This was stated by Anikó Feraji, Managing Director of Mey Hungária Kft, the Hungarian arm of the German lingerie manufacturer. more business & finance news »Interest for foreign currency denominated housing loans has been growing lately. The reasons are fairly simple: banks offer the lowest interest on these loans. However, clients are rarely aware of the fact that changes in foreign currency exchange rates and rising of foreign interest rates could easily push up the “price" of these loans. At extreme conditions, the monthly instalment could go up even by 20-40%. more business & finance news »In January-May the guest turnover and the gross room revenue grew dynamically, the occupancy rate of hotel rooms improved over the same period of year, the Central Statistics Office (KSH) said on Wednesday.
more news »Hungary’s OTP Bank and its Bulgarian branch, DSK, are to provide EUR 36.5 million loan to a project aimed at constructing Mall of Sofia, the Bulgarian capital’s largest commercial and entertainment centre, Hungarian daily Napi Gazdaság said on Wednesday, quoting Bulgarian sources.
more business & finance news »The main shareholders of Volksbank Hungary Rt have raised the bank's registered capital by Ft 1 billion to Ft 4 billion in order to finance plans to expand lending, communications manager Olga Szekeres said. Volksbank's total assets rose 30% to Ft 153 billion last year. more business & finance news »
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