Hungarian Companies Affected By Cyprus Crisis

  • 20 Mar 2013 8:10 AM
Hungarian Companies Affected By Cyprus Crisis
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

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