Indian producer of car windscreen wipers PMP will stop production at its Hungarian plant, located in Veszprem, western Hungary, business daily Napi Gazdasag reported. The investor plans to relocate its operations to the Czech Republic since it did not find an appropriate industrial base for its projects in Hungary and it was no longer able to produce wiper systems for the Hungarian plant of Japanese car maker Suzuki. The move would result in the dismissal of the seventy workers in the plant. |
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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