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MFB injects Ft 3.2 bln in Európai Építő
bbj.hu
Friday, February 17, 2006, 13:21
The Hungarian Development Bank (MFB) Rt announced on Wednesday it has acquired a 49% stake in construction company Európai Építő through a Ft 3.2 billion capital raise. Minister of Economy and Transport János Kóka, speaking at the press conference to announce the capital raise, said the measure showed MFB could help companies with more than just loans. He added that the raise was part of planned measures intended to break the “chain of debt” currently being experienced by building industry companies. Európai Építő is also owned by Hungarian private individuals, employees and the local council of Budapest's District 5. It had revenue of Ft 8.3 billion and pre-tax profit of Ft 80 million-Ft 100 million in 2005, according to preliminary consolidated figures.
Gránit Pólus Group has named Attila Prosits as its business development director, after he headed the capitalʼs WestEnd City Center mall successfully for nearly ten years, according to a press release sent to the Budapest Business Journal.
Gránit Pólus Group has announced the appointment of Simona Ioana Ion as property management director of Budapestʼs WestEnd City Center shopping mall, according to a press release sent to the Budapest Business Journal.
Wages at Budapest Airport and its subsidiaries are set to increase by 12.8% on average, as the airport reached an agreement with business councils and trade unions about base wages and bonus increases, according to a press release sent to the Budapest Business Journal.
Budapestʼs Central European University (CEU) and international network Scholars at Risk have been jointly awarded the 2019 Politiken Freedom Prize for "protecting scholars and the freedom to think, question and share ideas," according to a press release sent to the Budapest Business Journal.
The Government Debt Management Agency (ÁKK) sold HUF 40 billion of bonds maturing in 2026 and 2028, accepting bonds expiring in 2020 as payment at a switch auction on Wednesday, state news wire MTI reported.
S&P Global Ratings on Tuesday said it raised its long and short-term resolution counterparty ratings (RCRs) on Hungaryʼs OTP Bank and its unit OTP Mortgage Bank from "BBB-/A-3" to "BBB/A-2," state news agency MTI reported.
Long-distance coach operator Flixbus has announced expanding its summer route offers, meaning that from June onwards, it will provide daily connections to more than 20 settlements from Hungary, including destinations on the Slovenian coast and in Istria for the first time.
The organizers of the annual Red Bull Air Race visited Zamárdi, on Lake Balaton, on Tuesday in their search for an alternative venue for this yearʼs event, which has been banned from downtown Budapest, the cityʼs mayor told state news agency MTI.
Hungary has become the 29th country to sign the Declaration creating a European Blockchain Partnership, the European Commission said on its website, ec.europa.eu.
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