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Thread maker Kaposfil Kft has landed a major order from British-owned Coats Hungary Kft, the textile and thread manufacturer in a deal that could double the company’s output in the next few years, unnamed sources said. Based in Kaposvár, south-western Hungary and currently employing a staff of 340, Kaposfil had orginally targeted a turnover of Ft 2.2 billion for this year. more business & finance news »Hungary is the world’s 10th most popular destination favored by international business investors, according to a report compiled by Ernst & Young. more business & finance news »Last year altogether 473,238 businesses were run by sole proprietors in Hungary, 8% of which have signed up so far to the simplified entrepreneurial tax (EVA), according to figures by the Central Statistic Office (KSH). more business & finance news »Media group TeleMedia has founded a new company, TeleMedia InteracTV Kft with Ft 3 million capital, General Manager József Kovalcsik announced. more news »Hungary aims to negotiate a deal to regulate the retail price of subsidised drugs with manufacturers, but if it fails it will impose a new price control regime, Prime Minister Peter Medgyessy told Hungarian television on Wednesday. more health & wellness news »SAP AG today announced the winners of its 2004 Global SAP Business Partner Awards recognizing the top-performing small and midsize business channel partners from around the world. SAP presented the awards in Budapest yesterday at the 2004 SAP Business Partner Summit, where more than 600 participants from 45 countries gathered to learn the latest news about SAP's SMB strategy, new product development, sales methodology, best practices and business opportunities. more news »The associations of drug producers will decide on Tuesday whether they wish to continue price cap negotiations with the cabinet, following a Parliamentary decision on Monday, daily Napi Gazdaság said on Tuesday.
more health & wellness news »German lingerie manufacturer Mey’s strategic business plan for the next 10 years is centered around Hungary, with a Ft 500 million green-field investment scheduled for 2005 in Veresegyház, east of Budapest, Managing Director of Mey Hungária Kft Anikó Feraji said. more shopping news »The telecom network products manufacturer D-Link has signed a contract with Matáv Rt on the supply of 100,000 ADSL modems to the telecom company. more it & telco news »Poland will ask the European Union this week to press Canada, Australia and New Zealand to lift travel visa obligations for citizens of new EU member states, Polish Interior Minister Ryszard Kalisz said on Monday. more news »Chinese President Hu Jintao's visit to Eastern Europe and Central Asia is a fresh brush stroke on an emerging portrait of a new diplomacy to extend Beijing's influence, seek new sources of oil and diversify economic risk. more current affairs news »Hungary on Monday posted better than expected budget data for May and the economy is growing at its fastest for three years, but the central bank held rates saying it needed more evidence before resuming cuts.
more business & finance news »Hungary's central bank unexpectedly left its benchmark interest rate unchanged after yields on long-term bonds failed to decline and may come under pressure to cut the rate later this month. The Monetary Council kept the two-week depo rate at 11.50%. more business & finance news »
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