US's NCR to open ATM manufacturing plant in Hungary
US-based NCR Corporation announced Wednesday that it will open an automated teller machine (ATM) manufacturing plant in Budapest, to provide the additional capacity needed to support the fast expanding markets of Eastern Europe and Russia.
Korea's Hankook Tire to build HUF 132 bln factory in Dunaujvaros
South Korean tire maker Hankook will build a HUF 132 bln (USD 632 mln) plant in the Hungarian city of Dunaujvaros, thus creating the company's first manufacturing unit outside Asia in a bid to cut production costs and get closer to western European markets.
Housing boom nearing end - home construction declines for first time since 2003
A recent housing boom in Hungary has apparently come to a halt, as the number of newly completed homes declined in the third quarter of 2005 after two years of continuous growth, according to figures released by the Central Statistical Office (KSH).
Field in Budapest Airport tender narrows to three as Australia's Macquarie withdraws bid
The number of bidders in the privatization tender of Hungarian airport operator Budapest Airport Rt has narrowed to three, as Australian airport investment fund Macquarie Airports (MAp), managed by investment bank Macquarie, has withdrawn its bid.
Business outlook down in October over macro concerns, says Ecostat
Outlook among Hungary's largest companies as well as among SMEs declined considerably in October, as uncertainties over the country's fiscal situation and possible delays in the adoption of the euro overshadowed otherwise positive trends, according to a monthly business confidence report released by research institute Ecostat.
