September 2008

MOL-Offer for INA: HRK 2,800 Per Share

Hungarian Oil and Gas Company MOL on September 1st 2008 said it would make a public purchase offer for a 30 percent stake.

French Atomic Energy Commission Head Evaluates Hungary for Neutron Research Centre

Bernard Bigot visited Hungary on Thursday to evaluate the Hungary’s bid.

Government Will Not Guarantee Gas Companies Compensation for Losses On Regulated Market

Hungary's government will no longer guarantee gas companies compensation in the form of centrally-regulated price increases for losses resulting from a negative gap between the import price and their selling price.


Retail Gas Price to Rise 6.55 Percent on October 1st

Hungary's Economy Ministry announced on August 31st 2008, that retail gas prices would rise by an average 6.55 percent and gas prices for industrial users will rise by 9.4 percent on October 1st.


Hungarian Households Take Out More CHF Loans in July

Hungarian households signed contracts for more new Swiss franc denominated loans in July - the most popular retail lending product - than a month earlier, the National Bank of Hungary's latest monthly rates report reveals.


Sentiment Improves at SMEs, Deteriorates at Big Companies in August

Sentiment at Hungary's biggest companies deteriorated slightly, while it improved a bit at SMEs in August, economic research institute Ecostat's latest measure of business confidence reveals.


Hungary Investment Volume Falls Preliminary 2.1 Percent yr/yr in 2nd Quarter

Year-on-year investment volume in Hungary dropped 2.1 percent in the second quarter of 2008, falling at a slower pace after a 4.8 percent drop in Q1.


PM Sees Tightening Purse Strings as Well as Tax Cuts in 2009

The tax reductions proposed by the Prime Minister would offset lost budget revenue.


Natural Decline of Hungary's Population Down in H1

Hungary's population declined 2.3 percent in January-June 2008 compared to the same period a year earlier.


Daimler Benz Establishes Hungarian Manufacturing Unit

German car company Daimler-Benz, which announced in June that it would build a EUR 800 million manufacturing plant in Hungary.

News Monitoring