Korean car components producer Samyang planned to build a new plant in the Hungarian town of Jaszbereny in the central part of the country, deputy CEO of the investor Chong Yeol Lee announced. Test operations of the new facility are to be launched by December. The plant will produce plastic parts for the car and electronics industry and Korean Samsung is one of the potential key clients. Volume of production of the plant should reach 10,000 tons annually. Total cost of the investment is estimated at EUR 11mn.
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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