US vehicle components maker Modine started the construction of an EUR 10mn plant in Mezokovesd, northeastern Hungary, MTI news agency reported. The 5,400 square metres factory will manufacture engines that comply with the Tier IV and EURO 6 emission requirements. The car parts will be used by Daimler, Deutz and MAN commercial vehicles. The unit is expected to start operation in a year. It will create about 600 workplaces. Modine Manufacturing opened its first subsidiary in Gyongyos ten years ago. |
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