Budapest Times: “Cornerstone of 2nd SMR Factory Laid” (Aug 11, 2010)

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http://www.budapesttimes.hu/index.php?option=com_content&task=view&id=15126&Itemid=28

  • more focused on political/economic ties between India and Hungary
  • religious ceremony held for opening of a new SMR (India-based corporation that works on car-mirror technology/manufacturing) branch in the Hungarian city of Mosonmagyarovar
  • SMR has had a presence in Hungary since 1995; India sees Hungarian workers as well-qualified and relatively cheap, especially when compared to other worker pools in (Western) Europe
  • not much else to pull from this article, just a reiteration of the economic reasons for interaction between the two countries

Budapest Times: “Where is the Hollywood Magic?” (Aug 11, 2010)

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http://www.budapesttimes.hu/index.php?option=com_content&task=view&id=15124&Itemid=28

  • several European countries have followed Hungary’s film tax incentives, providing many cuts/discounts for foreign producers (especially Hollywood-based) to film within their borders
  • this is in direct response to Hungary’s major film incentive policies enacted in 2004; furthermore, various studios have been constructed/developed over the past 5 years to show Hollywood companies the benefits of using Hungary as a filming location
    • ex) Korda Studios, built in 2007 in the city of Etyek
    • ex) 2010, US-based Raleigh Studios built a huge complex in Rakospalota
  • few years of great success wooing Western European and Hollywood filmmakers, but then with economic crisis, there has not been so much investment in the past year (yet some hope remains with the new interest by Raleigh Studios)
  • **there is a list of prominent (new) studios in Hungary at the end of the article…might be good to look into to see if any have their own sites**