German E.ON plans to invest EUR 300 mln in expanding its Hungarian gas storage capacity by 50%
German energy giant E.ON said on Thursday that it plans to spend around EUR 300 mln on expanding its Hungarian natural gas storage capacity by 50%, or 1.7 billion cubic meters, by 2009.
US Investment bank Morgan Stanley to establish key service center in Hungary
New York-based investment bank Morgan Stanley is to devolve key services away from its London and New York offices when it sets up a 450-strong business center in Budapest by the end of 2006, the company announced at a press conference Tuesday.
Consumer confidence in Hungarian economy at ten-year low in June, drags down composite index
After a sudden drop in the Hungarian composite confidence index in May, the negative tendency continued in June as consumer confidence plummeted to a ten-year low on concerns about the government's fiscal tightening, according to a monthly confidence index published by research group GKI.
Russia's Gazprom to acquire Hungarian energy assets in swap deal with Germany's E.ON
Russian energy giant Gazprom will gain assets in Hungary's gas and power sectors as a result of a swap agreement signed with German energy firm E.ON on Wednesday, E.ON announced.
Hungary's Banking Association asks President to request judicial review of tax changes
The Hungarian Banking Association and two large savings cooperative associations are calling on Hungarian President Laszlo Solyom to turn the tax law modifications recently passed by Parliament over to the Constitutional Court for preliminary judicial review before signing the laws.
