US-based generic drug maker Mylan possibly bringing drug production to Hungary
Mylan is spending EUR 67m on a packaging plant in the Hungarian city of
“ needs such investments and such innovations that strengthen the Hungarian economy. Those do not destroy, but undisputedly build our country based on Hungarian small and medium-sized enterprises” - emphasized State Secretary for External Trade Relations of the Hungarian Government Zsolt Becsey at the investment announcement press conference on Thursday. ambassador to Hungary Eleni Tsakopoulos said the fact had drawn USD 9bn in FDI from American investors since 1990 was a good sign of the country's ability to attract capital. 's geographic location, its good infrastructure and its well-educated, motivated and creative work force are a draw for US investors, she added. “After conducting a broad search for a suitable facility with the potential to expand, the opportunity in Komárom turned out to be an ideal fit,” said Mylan chief operating officer Rajiv Malik. “Not long from now, we’ll have a high quality, efficient packaging operation up and running that will be able to support our dynamic business and the local economy." Mylan Inc. ranks among the leading generic and specialty pharmaceutical companies in the world and provides products to customers in more than 140 countries and territories.
HP to expand in Wroclaw, Poland
Hewlett-Packard (HP), the computer group, plans to create up to 700 new jobs at its Global Business Centre in
The
Business environment improves in Central and Eastern Europe
The World Bank’s for the first time evaluated business conditions in 87 countries. The report “Investing Across Borders 2010” concluded that Central and
The report looked at issues such as the influence and bureaucracies of governments when conducting business in a country. For example the report found that setting up a business in can take as long as six months and in up to ninety-nine days or longer. While compared to and , where all necessary documentation can be completed in less than 2 weeks, and in and where a business can now be setup over the internet. According to the study nine out of ten countries don’t allow foreigners to run a business without heavy restrictions. Many governments require foreign investment approval, restricted foreign ownership and make it difficult to obtain simple permits. The author of the study, Peter Kusek stated that, “ Previously...
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