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7th December, 2017

Tesco ups wages

Based on the agreement reached with its unions, Tesco will add Ft 2.8 billion to wage expenditures next year the hypermarket chain announced on Wednesday.

Next year the lowest monthly wage at Tesco will be Ft 197,000, higher than the Ft 180,500 minimum wage for skilled labour. The minimum Tesco wage will also apply to unskilled labourers, the chain underlined.

Tesco is increasing the lowest wages by nearly 10%. (portfolio.hu; napi.hu; hvg.hu; index.hu; magyaridok.hu; nepszava.hu)
7th December, 2017

MOL to sell off UK operations

MOL has commissioned the Bank of America Merrill Lynch (BAML) to sell its UK operations, news agency Reuters learnt from banking sources.

The value of the transaction is estimated to be hundreds of millions of dollars.

The energy company entered the UK production market on the North Sea at the end of 2013.

The Hungarian oil giant has put a $375 million price tag on its UK portfolio.

MOL has a 50% stake in the Scolty-Crathes field and a 20% stake in the Catcher field. (portfolio.hu)
7th December, 2017

GYSEV contracts Thales for security system

GYSEV has purchased a train security system from Thales for Ft 9.7 billion, the Austrian-Hungarian railway company announced in the public procurement gazette Kozbeszerzesi Ertesito on Wednesday. The contract was signed on November 17.

Only Thales Austria and its Hungarian subsidiary filed a bid to fit the 110km Gyor-Sopron-Szombathely line with the ETCS 2 security system. (napi.hu)
7th December, 2017

Law enforcement expands IT capacities

The police has announced the winners of its IT system development tenders in the public procurement gazette Kozbeszerzesi Ertesito.

T-Systems will expand the Oracle database server capacity of the agency for Ft 212 million, below the estimated cost of Ft 260 million.

Tigra will conduct the database server capacity expansion for Ft 459 million, well below the preliminary Ft 722 million estimate.

An electronic certification and signature system will also be established by M&S Informatika for Ft 14.5 million, also below the Ft 22.3 million estimate. In addition, the company will establish a cloud system for Ft 1.1 billion, over the original estimate of Ft 935 million. (napi.hu)
7th December, 2017

GVH fines used-car trader AAA

The competition authority GVH has fined used-car trader AAA Auto Ft 30 million, the authority announced yesterday.

The GVH ruled that AAA Auto had misled potential purchasers about their legally secured rights. Giving information on consumer rights, must be separated form special offers of any company; companies must comply with the law, GVH underlined. (napi.hu; portfolio.hu; hvg.hu)

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