Some 1,500 Cyprus-registered companies have Hungarian owners, company information service company Opten claims. Annual reports for 2011 indicate that the companies most exposed to Cyprus are Ukrainian-owned metal works ISD Dunaferr Dunai Vasmû, Hungary-Meat, SMR Automotive Mirror Technology Hungary, the West End shopping centre, Bonbonetti Choco, property developer Duna Kongresszus and Expert Kereskedelmi és Informatikai ltd.
The Hungarian revenues of Cyprus-based companies exceeded Ft 800 billion in 2011.
Source: Hungary Around the Clock
This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC follow this link and click on 'Free Trial Subscription'.