January 2009

Government support to retain R+D staff

The government will soon offer support to companies to retain their R+D staff, National Development and Economy Minister Gordon Bajnai said after a meeting of the Auto Industry Competitiveness Working Group on January 21st.


Monetary Council Cuts Hungary Base Rate by 50 Base Points

The National Bank of Hungary’s Monetary Council decided to cut the key central bank base rate by 50 base points to 9.50 pct.


Dunaferr Subsidiary Opens HUF 1 billion Warehouse on NE Hungary

Dutrade, a subsidiary of steel company ISD Dunaferr, opened a 3,500-square meter warehouse in Miskolc.


Villeroy and Bosch Likely to Restart Production in Hungary

The Hungarian unit of German kitchen and bathroom fixture maker Villeroy and Bosch will probably restart production this week.

Hungary and Israel Sign Cooperation Agreement on Industrial R+D

Hungary's Research and Development Minister Karoly Molnar signed a cooperation agreement on R+D in the industrial sector with Israel's industry minister Eli Yishai in Jerusalem on January 19th 2009.


Hungary Market Watchdog Extends Reporting Obligation for Short Transactions

Hungarian market watchdog PSZAF has decided to extend the reporting obligation for short selling transactions conducted through the Budapest Stock Exchange (BSE), PSZAF announced on its website on January 16th 2009.


Construction Output Rises Adjusted 4.5 pct yr/yr in November

Output of Hungary's construction sector rose 4.5 pct yr/yr in November 2008, according to workday-adjusted figures and increased an unadjusted 3.4 pct, the Hungarian Central Statistical Office (KSH) said on January 16th 2009. 


Synergon Signs Contracts Worth HUF 700 million with T-Kabel

IT company Synergon Informatika had signed in December three contracts together worth almost HUF 700 million with T-Kabel, the cable television unit of Magyar Telekom, Synergon said on January 15th 2009.


Zwack Board Decides to Pay HUF 1,300-per-share Interim Dividend

The board of Zwack Unicum, Hungary's most famous spirits maker, has decided to pay shareholders an interim dividend of HUF 1,300 per share.


Customer Price Inflation Slows Further to 3.5 pct in December

Twelve-month consumer price inflation slowed to 3.5 pct in December from 4.2 pct in November, the Central Statistics Office (KSH) said on January 15th 2009.


News Monitoring