Hungary's electronics maker Videoton plans to spend about HUF 4bn (EUR 14.5mn) on technology expansion, MTI news agency reported, citing the company's CEO Otto Sinko. The project will be carried out, regardless of the slower growth in the year so far, the chief executive was quoted as saying. Through the technology expansion, the company will be able to utilise more business opportunities, and improve its relations with both existing and new partners, Sinko added. Videoton employs 7,900 workers. Its turnover stood at EUR 312mn in 2010. Videoton operates 27 specialised medium-size subsidiaries, focusing mainly in automotive industry (38%), household appliances (24%) and industrial electronics (23%). |
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