The Chamber of Commerce Brabant, in cooperation with the Hungarian Embassy and ITD Hungary, is organizing an investment seminar in Eindhoven, on Thursday, April 15, 2010.
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Industrial output is likely to continue to rise in the coming months, in part because of a low base, analysts told MTI on Wednesday, after the publication of fresh data.
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Hungarian telecommunications company Magyar Telekom and U.S. computer-networking company Cisco Systems agreed on Tuesday to establish a joint, HUF 50m (EUR 190,058) innovation center in Budapest, the business daily Napi Gazdasag reported on Wednesday.
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Ajka Kristaly has won a contract to make glasses and bottles for Rolls-Royce luxury cars, the business daily Napi Gazdasag said on Tuesday, quoting Ajka Kristaly CEO Zoltan Katzer.
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GDP produced by Hungary's manufacturing industry fell at a single-digit pace in Q4 2009 for the first time in one year, but it fell on the quarter after a rise in Q2. Services was the only sector where GDP fell less than the 4pc yr/yr average drop in Q4. Net exports narrowed from Q3 but remained the main GDP growth factor in Q4 last year, detailed GDP figures of the Central Statistics Office (KSH) published on Wednesday show. The Q4 and 2009 GDP figures were unchanged from the preliminary ones. The fall of domestic consumption slowed as government consumption contributed to growth in the quarter. After a rise in Q3, inventories fell again, suggesting a pickup of demand.
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Hungary's industrial output rose an unadjusted 3.4pc and a workday-adjusted 5.7pc in the twelve months to January 2010, the Central Statistics Office (KSH) said in a first reading on Tuesday. The increases were from a low base. Output also rose, however, sharply from December after two months of decline.
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Hungary registered a EUR 1.541bn surplus on foreign trade of services in 2009, the Central Statistical Office (KSH) reported on Monday. The surplus rose 50pc from just above EUR 1bn in 2008 as import of services fell more than services exports did last year.
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The government and the prime minister have both passed a resolution on the measures and tasks necessary to the implementation of phase one of the European Union's Extreme Light Infrastructure (ELI), a HUF 100bn (EUR 376.25m) super laser project to be hosted jointly by Hungary, Romania and the Czech Republic, both resolutions were published in the latest issue of the official gazette Magyar Kozlony.
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On 26 February 2010, the Hungarian Parliament adopted Act XII of 2010 amending certain financial laws related to the new Civil Code. PriceWaterhouseCoopers latest Tax Alert Newsletter published this summary.
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Hungary had a EUR 375m trade surplus in December and posted a EUR 3.979bn trade surplus in the full year of 2009, the Central Statistics Office said in a second reading published on Thursday. The December figure is unchanged but the full-year surplus is revised down almost EUR 600m from EUR 4.57bn in the first reading. Terms of trade improved in 2009 for the first time since 2002. The volume growth of trade, started in November, picked up, and exports grew again far more rapidly than imports, all from a low base.
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