September 2008

Budapest International Fair to Begin This Week

The 112th Budapest International Fair will be held from September 10th to September 14th.


Sara Lee Completes HUF 1 Billion of Investments at Hungary Plant

US food giant Sara Lee completed HUF 1 billion (EUR 4.2 million) investment.


Three-Fourths of Hungary's Cereal Crop is of Good or Excellent Quality

Three-fourths of Hungary's 7.9 million-ton cereal crop - including wheat, barley, oats, rye and triticale - is of good or excellent quality, Agriculture Minister Jozsef Graf said on September 4th 2008.


Otthon Centrum Sees New Home Prices Rising in Line With Inflation

Hungarian real estate company Otthon Centrum projects the price of new homes in Hungary will increase about 7 percent in 2008.

Hungary's Q2 GDP Growth Revised Down to 2.0 percent

The Central Statistics Office (KSH) revised Hungary's Q2 year-on-year GDP growth down from the preliminary figure to 2.0 percent in a second reading published on September 5th 2008.


Antenna Hungaria Signs Contract for Digital TV, Radio Concessions

The Hungarian National Telecommunications Authority (NHH) on September 5th 2008 signed a contract with Antenna Hungaria on the operation of terrestrial digital television and radio concessions.


Azerbaijan's Unibank Could be OTP Acquisition Target

"Hungarian OTP Bank is a potential purchaser of the stocks of Azerbaijani Unibank," head of the European Bank for Reconstruction and Development's Baku Office Francis Delaey told TrendCapital, an Azeri website, on September 4th 2008.


Hungarian, Polish Farm Ministers for Scrapping of Special Duties on Chinese Apple Concentrate

Agriculture Minister Jozsef Graf on September 4th 2008. said he would work with his counterpart in Poland to press for the elimination of EU preferential duties on apple concentrate from China.


INA Shareholders Say MOL Offer Price Too Low

Croatian investors say that MOL's proposed purchase price for 30 percent of INA does not reflect the Croatian company's market value.


Hungarian Banking Sector's After-Tax Profit Declines 13 percent in H1 2008

The combined after-tax profit of Hungary's banking sector fell 13 percent in the second half.

News Monitoring