Japanese electronics corporation Panasonic plans to reduce the production of photovoltaic solar panels in Hungary and Mexico and shift it to Malaysia as of October, electronic news portal Recharge quoted companys spokesperson Viktoriya Chamata as saying. As a result of the restructuring, Panasonic will lay off 400 workers at its plant in Dorog, northern Hungary. The plants output, which supplies mainly the European market, will be reduced by 30%. Panasonic Hungary produced 315 MW of solar module in 2011. |
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