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14th September, 2017

NGO puts Paks documents online

The Public Interest Protection Centre has published on its website 255 documents related to the expansion of the state nuclear power plant in Paks.

The NGO, founded by Dialogue MEP Benedek Javor, pointed out that these documents are not available on the website of the state company MVM Paks II, which is organising the expansion.

They show that MVM Paks II spends about Ft 1 billion on public relations and communication, Napi underlines.

The documents are mostly goods and service contracts for 2014-16. The total amount of these purchases is near Ft 21 billion. (napi.hu; hvg.hu; index.hu; mno.hu; nepszava.hu)
14th September, 2017

Erste Bank looks to expand

Erste Bank is aiming for rapid growth in expanding its consumer credit, head of the retail segment Laszlo Harmati declared at a press conference on Wednesday.

After purchasing the retail division of Citibank, Erste has become the market leader in credit cards, Harmati added.

Erste is also the leader in retail capital market services.

The Erste brokerage has been integrated into the bank and a new division with private banking, brokerage and premium services was set up, led by Robert Cselovszki.

As Erste is not among the top three in micro-financing, this department will be renewed under the supervision of Zsuzsa Erdei.

The micro-financing department achieved 40% growth this year in new credits and client acquisition, Erdei underlined. (portfolio.hu; napi.hu)
14th September, 2017

OMV integrates Avanti filling stations

OMV Hungaria completed the integration of eight Avanti filling stations into its national network a few days ago, CEO Tibor Balogh said yesterday.

The number of OMV stations reached 186 with the inclusion of former Avanti units in Albertirsa, Janossomorja, Keszthely, Nagykoros, Ozd, Satoraljaujhely, Tata and Ullo.

OMV also plans to open new stations in Csongrad and Gyongyos this year, having opened 11 in 2016 and 10 so far in 2017. (portfolio.hu; napi.hu)
14th September, 2017

Coca-Cola opens storage facility

Coca-Cola HBC Magyarorszag opened its new Ft 2 billion storage facility in Dunaharaszti, south of Budapest, yesterday.

Coca-Cola’s investments prove that Hungary is the most attractive country in the region for investors, Foreign Affairs and Trade Minister Peter Szijjarto claimed at the opening ceremony.

It is no coincidence that two-thirds of the supply to Coca-Cola, such as apples and sugar, arrives from domestic companies, he added, saying there are plans to increase this figure.

The new 6,500m2 storage facility can hold 8.4 million litres of drinks.

Coca-Cola has invested Ft 15 billion in Hungary since it became the first company to sign a strategic co-operation agreement with the government in 2012. (magyarhirlap.hu; napi.hu; 444.hu; magyaridok.hu)
14th September, 2017

Meszaros man supervises Mediaworks

Tamas Halmi, an appointee of Felcsut mayor Lorinc Meszaros, is supervising the publisher Mediaworks, news website 24 reports.

Halmi joined the Mediaworks Hungary supervisory board on August 1, replacing Csaba Hudek, former head of the Opimus Group, which recently changed its name to Opus Global.

Halmi is the CEO of Felcsut-based companies Meszaros es Meszaros and Atlasz Geodezia. He is also the head of Opus Global. (24.hu)
14th September, 2017

BSE co-operates with MFB Invest

The Budapest Stock Exchange (BSE) has signed a co-operation contract with state venture capital company MFB Invest, in order to promote the capital market as a financing tool for companies.

The BSE and MFB Invest will especially co-operate in preparation work for IPOs.

They will identify and advise companies whose shares could be listed on the bourse.

Easy capital market financing is a key factor in improving the competitiveness and sustainable growth of Hungarian companies, said BSE chairman and CEO Richard Vegh.

The BSE’s five-year strategy supports this goal and the co-operation with MFB Invest fits that strategy, Vegh added. (portfolio.hu)

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