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Main Hungarian business and financial news from the previous week
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See below MTI’s main business and financial news from the previous week:
TAKATA GOES AHEAD WITH EXPANSION AT AIRBAG PLANT IN HUNGARY
As we wrote, Japanese automotive industry supplier Takata is continuing with a capacity expansion at its airbag plant in Hungary, as planned, Takata Safety Systems Hungary told MTI after its parent company declared bankruptcy in Japan and the United States because of liabilities related to recalls of defective airbag inflators. In the coming months, Takata will add another 200 jobs at the plant in Miskolc (NE Hungary) which employs 1,400 people at present.
HUNGARY HOSTS OECD’S CONFERENCE OF THE GLOBAL FORUM ON PRODUCTIVITY
The Hungarian government hosted the OECD’s 2017 Conference of the Global Forum on Productivity in Budapest. In the framework of the conference, Economy Minister Mihály Varga and OECD Secretary-General Angel Gurria signed an agreement to jointly develop a broad strategy for improving the competitiveness and productivity of Hungarian SMEs. The agreement marks the first such country-specific project for the OECD.
WABERER’S OFFER PRICE SET AT HUF 5,100, LOW END OF RANGE
The offer price in an IPO of shares of Hungarian haulier Waberer’s International was set at 5,100 forints (EUR 16.5) per share, at the low end of the 5,100-6,300 forints offer price range. Calculating with the offer price, Waberer’s will raise about net 14 billion forints in the IPO or 45 million euros.
SOFT DRINK MAKER HELL ENERGY INAUGURATES HUF 30BN CAN PLANT
Quality Pack, a unit of soft drink maker Hell Energy, inaugurated a 30 billion forints can plant in Szikszó (NE Hungary). The 42,000-sqm plant can turn out 1.2 billion cans a year. Headcount at the plant will reach 150 within three years.
[button link=”https://dailynewshungary.com/wizz-air-announces-massive-expansion-budapest-network/” type=”big” color=”pink” newwindow=”yes”] WIZZ AIR ANNOUNCES MASSIVE EXPANSION OF BUDAPEST NETWORK[/button]
BUSINESS LEADERS JOIN PM’S DELEGATION ON VISIT TO ANKARA
Business leaders from 72 Hungarian companies, including ones in the water management, farming and IT sectors, joined Prime Minister Viktor Orban and his ministers on an official visit to Turkey. Orban opened a Turkish-Hungarian business forum and participated at the third meeting of the Hungarian-Turkish High Level Strategic Council during the visit.