US producer of supplies for the healthcare industry BD Medical Pharmaceutical Systems launched operations of its new plant in Hungary , the company announced. The facility is located in the city of Tatabanya in the northern part of the country and the location was selected due to the availability of skilled labour force and proximity to target markets. Its area was 25,000 sqm and would produce disposable syringes. Currently, employment at the plant was 100 people but the workforce was planned to expand to 500 in 2014 when the investor intended to reach full production capacity. Total investment cost for the construction amounted to EUR 100mn. |
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