Danish pump manufacturer Grundfos plans to complete a HUF 17bn (EUR 58mn) project for the construction of its fourth plant in Hungary by June 2013, MTI news agency reported. The new plant will be located in Szekesfehervar, central Hungary. It will employ 300-350 workers by 2015 and will produce giant industrial pumps mainly for exports to Russia, eastern Europe and South Korea. In its three factories in Hungary, Grungfos currently employs 1,900 people. |
Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more