NewsLetter

GE Money's Budapest Bank opens new HUF 1 bln operations center in Hungary

Budapest Bank, the Hungarian unit of the American GE Money Bank group, on Wednesday inaugurated its new HUF 1 bln operations center in the city of Bekescsaba, in southeast Hungary, that will create over 500 jobs by the end of 2008.

German discount retail chain Aldi plans EUR 1.3 bln investments in Hungary

German discount retail operator Aldi is planning investments totaling EUR 1.3 bln in Hungary in the coming years, with its first units to be opened in 2007.

EC endorses EUR 93 mln subsidy to Korea's Hankook for new EUR 424 mln tire plant in Hungary

The European Commission (EC) has approved Hungarian government plans to grant aid and subsidies totaling EUR 92.6 mln to Korean-based tire maker Hankook Tire for the construction of a new production plant in Hungary, according to an EC statement published Friday.

US IT firms Oracle and IBM open USD 3 mln joint competency center in Budapest

US-based IT companies IBM and Oracle have opened their first Competency Center in the Central European region in Budapest with a USD 3 mln investment that builds on the two companies' global cooperation, company representatives announced at a press conference in Budapest Thursday.