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14th June, 2018

Innovative drug makers elect new chief

The Association of Innovative Pharmaceutical Manufacturers (AIPM) has elected CEO of Pfizer Magyarorszag Peter Vereckei as its new president effective June 1.

Vereckei has been vice-president of AIPM since 2016. He joined Pfizer 18 years ago and became its local CEO in January 2014.

He said he will lobby to expand drug subsidies to the per capita average in the Visegrad Four countries, after a drop in real value over the last ten years. The drug subsidy system should be flexible and predictable, Vereckei underlined.

AIPM would like to see cuts in the extra taxes levied on the drug sector. (napi.hu)
14th June, 2018

Bosch celebrates 100 millionth tool

Robert Bosch Power Tool has produced its 100 millionth tool, the Miskolc hand tool factory of the German group announced.

The factory opened in November 2001 and capacity has quadrupled in the last decade, said CEO Laszlo Fuko. The 38,000m2 factory employs nearly 2,400 workers.

Bosch realised Ft 1.3 trillion revenues on Hungary in 2017, up 13% from a year earlier.

The economic success of recent years could not have been achieved without the support of multinational companies, Foreign Affairs and Trade Minister Peter Szijjarto said adding that “our task is now to make Hungary successful in the new digital era as Hungary became successful in the era of traditional industry”. (napi.hu; origo.hu; magyarhirlap.hu)
14th June, 2018

Budapest sightseeing bus tender fails

At its extraordinary meeting on Wednesday, Budapest city council announced that the concession tender on operating hop-on-hop-off sightseeing buses had no result.

At the same time, council asked mayor Istvan Tarlos to examine whether city-owned public transport company BKV could operate such a service.

The council will also examine whether the BKV could subsequently invite bids from subcontractors.

Three bids were filed for the tender. That filed by City Tour was declared invalid as it provided insufficient documents.

The evaluation committee recommended the consortium of two companies, Program Centrum and Mr Nilsz, as the winner, although it offered a monthly Ft 25 million, a lower price than The Big Bus Company which offered to pay Ft 41.7 million per month.

Jobbik representative Marcell Tokody said that the recommendation by the evaluation committee was unacceptable. (napi.hu)
14th June, 2018

MTelekom offers embedded SIM tech

Magyar Telekom is the first company to offer Hungarian subscribers embedded SIM (esim) technology, sales director Zoltan Pereszlenyi announced on Wednesday.

The subsidiary of Deutsche Telekom also offers a Huawei smart clock with esim from June 13. The clock can be linked to Magyar Telekom by registering the device online.

Due to its small size, the 6x5mm esim card can be embedded in many devices. (napi.hu; hvg.hu; index.hu; origo.hu)
14th June, 2018

NAV drops Masterplast investigation

The investigation of tax and customs authority NAV into a suspected Ft 227 million VAT fraud at a subsidiary of Masterplast was dropped according to the May 25 ruling of Fejer County Prosecutors.

The company announced the development on the Budapest Stock Exchange website, after trading in shares of the construction material maker had been suspended.

Thee NAV launched its investigation on October 21, 2015. Based on the findings and the possible findings of a continued investigation no evidence of a crime could be established. (portfolio.hu)
14th June, 2018

Airport to launch new tunnel in August

A new mobile passenger tunnel at terminal 2B at Liszt Ferenc Budapest Airport could open on August 1, two months earlier than planned, technology director Stephan Schattney of operating company Budapest Airport told journalists on Tuesday.

Construction was accelerated thanks to the mild winter, he explained. Renewal of the first runway will be completed at the end of June, he added. (portfolio.hu; napi.hu; hvg.hu; index.hu; origo.hu; 444.hu)

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