September 2008

Hungary Has Foreign Trade Surplus Eur 100 million in June – Preliminary

Hungary posted a EUR 100 million trade surplus in June.

Energy Office Proposes 11 pct Rise in Price of Gas for Retail Consumers - Newspaper

The business daily Napi Gazdasag said August 11th 2008, that it had information of the Hungarian Energy Office (MEH) having proposed that the price of retail gas be raised 11 pct on October 1st 2008.


Consultancies propose tax changes

(MTI ECO) Hungarian tax consultancies have presented a number of proposals for tax changes to the government.

Bukk National Park Receives EUR 5.1 million in Development Grants

The Bukk National Park in northeast Hungary has signed a contract for EU and state development funding of HUF 1.2 billion.


Hajduszoboszlo Lays Cornerstone for EUR 20.4 million Water Park

The city of Hajduszoboszlo laid the cornerstone for a HUF 4.8 billion water park at its thermal baths on Friday, August 8th 2008.


Construction of Motorway Stretch to Pecs to Be Completed by 2010

The construction of a stretch of Hungary's M6/M60 motorway between Szekszard and Pecs (SW Hungary) is expected to be completed on time.


OMV Revokes Declaration of Intent to Merge With MOL

Austrian oil company OMV announced on August 6th 2008, that it had revoked its intention published on September 25th 2007 to make an offer to MOL shareholders of HUF 32,000 (EUR 136) per share.


Egis Q3 Profits Fall 5 pct on forex Losses

Hungarian drug maker Egis's unconsolidated profit slipped 5 pct to HUF 2.2 billon (EUR) in the third quarter of its business year started July 1st 2008, from the same period a year earlier.

Pfizer May Pick Hungary for USD 30m R&D Centre

US pharmaceutical giant Pfizer could set up a USD 25-30 million R+D centre in the Hungarian city of Szeged.

Government to Discuss Tax Cuts

The government will discuss tax cuts at a cabinet meeting.

News Monitoring