Hungarys ContiTech Fluid Automotive, the local unit of German auto components supplier Continental, plans to wrap up a EUR 5mn expansion project at its plant in Vac, near Budapest, in 2013, BBJ news portal reported, citing local daily Vilaggazdasag. The plant, which produces heating and cooling hoses, is expanding its product palette to include fuel lines. ContiTech mulls also an expansion of its base in Mako, in southeastern Hungary. Continental completed similar projects in Veszprem and Budapest in 2012. The company employs 6,300 people in Hungary. |
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