Hungarian telco Pro-M launches digital emergency radio network in Budapest
Hungarian joint company Pro-M, formed by Deutsche Telekom-owned Magyar Telekom and its mobile arm T-Mobile, Wednesday announced that it has launched a digital radio telecom system for Hungary's emergency services in Budapest by the April 5 deadline set in its contract.
UK alcoholic drinks giant Diageo to double size of Budapest financial services center
British alcoholic drinks giant Diageo is to double the size of its financial services center in Budapest by adding a further 300 skilled jobs by the end of the year, Diageo Financial Service Center managing director Stephen Smith said Wednesday.
European Commission acts over Hungarian tobacco advertising at F1 Grand Prix event
Hungary was warned by the European Commission (EC) Tuesday that it must curb cigarette advertising at its Formula One motor-racing Grand Prix event in order to comply with an EU-wide ban on tobacco advertising or face possible action in the European Court of Justice.
Denmark's Grundfos to invest EUR 70 mln in new plant, expansion in Hungary
Denmark's pump manufacturer Grundfos, announced plans Monday to invest EUR 70 mln to build a new plant in Szekesfehervar (northwest Hungary) and expand capacity at its plant in nearby Tatabanya, creating 800 new jobs.
Hungary's top bank OTP acquires 75% stake in Serbia's Zepter banka for USD 41 mln
Hungary's top bank OTP announced in a statement Monday that it has signed an agreement to acquire a 75.1% stake in Serbian financial institution Zepter banka a.d. Beograd, for a purchase price of USD 41.305 mln.
