The Hungarian government and the local unit of Japanese car maker Suzuki signed on November 21 a strategic partnership agreement, which aims to support the company's activities in Hungary, MTI news agency informed. The government also agreed to upgrade the road infrastructure in the northern town of Esztergom, where Suzuki's factory is located. Suzuki plans to assemble some 180,000 vehicles at its plant in 2013, up from an expected output of 155,000 units this year, local Napi Gazdasag reported earlier in November. The company has switched to a single-shift production for the November-December period but it expects to reintroduce the second shift in January 2013. The Hungarian government has signed similar agreements with Coca-Cola HBC Hungary, drug producer Gedeon Richter, aluminium producer Alcoa and German car maker Daimler. |
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