September 2008

Spar Opens New Logistical Center near Budapest

The Hungarian unit of the Austrian supermarket chain Spar has opened its new logistical hub.


Hungarian Farmers Harvest 17 million Tons of Wheat in 2008

Hungarian farmers harvested 17 million tons of wheat in 2008.

Government, NBH Keep Mid-Term Inflation Target Unchanged at 3 pct

The government and the National Bank of Hungary (MNB) have set a joint mid-term inflation target at 3 pct for 2010.


Fall in Hungary Retail Sales Accelerates to 1.9 pct in June - Extended

Twelve-month retail sales volume in Hungary fell a calendar year-adjusted 1.9 pct in June, dropping at a slightly faster rate than the 1.6 pct decline in May, the Hungarian Central Statistical Office (KSH) reported on August 25th 2008.


Environmental Cleanup of Debrecen Airport Completed

The environmental cleanup of the Debrecen airport was completed on July 31st 2008, head of department at the mayor's office Laszlo Varga said at a press conference on August 22nd 2008. 


Hungarians Spend 28 pct More Abroad in the First Half 2008 – Extended

Hungarians spent HUF 302 billion (EUR 1.29 billion) when traveling abroad in January-June 2008, 28 pct more than a year earlier, figures published by the Hungarian Central Statistical Office (KSH) on August 22nd 2008 reveal. 


Generali-Providencia Wins Tender to Insure MAV

Generali-Providencia Biztosito won a public procurement tender, providing MAV with liability insurance.


E.ON Foldgaz to Begin Gas Import Negotiations with Panrusgaz

E.ON Foldgaz, the Hungarian unit of German energy corporation E.ON Ruhrgas, will soon begin negotiations with Hungarian gas-trader Panrusgaz.


EU Funds Cover 10 pct of Hungary's Needed Road Development Costs Until 2013

EU funds available between 2007 and 2013 will cover only about 10 pct of the HUF 2,500 billion (EUR 10.66 billion) required for the development of Hungary's 30,000 kilometres (18,640 miles) of public roads.

Suzuki Turns Out One-Third More Cars at Hungary Plant

Japanese carmaker Suzuki turned out 149,438 vehicles at its plant in Hungary.


News Monitoring