January 2009

IMF Appreciates Hungarian Financial-Economic Steps

"The programme we established with Hungary is on track” – said Dominique Strauss-Kahn, Managing Director of IMF.


Hungary Broadband Internet Subscriptions Reach 1.52m at End-November


The number of broadband internet subscriptions in Hungary grew to 1.52 million in November from 1.5 million in October.


Plus Merges With Spar Magyarorszag

Hungary's Plus chain of supermarkets merged with peer Spar Magyarorszag on December 31, 2008.


Hungary's Transmission Network Prepared to Receive Russian Gas

Russian news agency Itar-Tass reported on January 13th 2009 that Gazprom had resumed gas transmission to Europe at 8am, Central European Time.


Hungary Insurance Market Growth Slows to Crawl in Q1-Q3

Hungarian insurers' combined revenue from premiums inched up 1.4 pct to HUF 690 billion in Q1-Q3 compared to the same period last year.


Hungary Guest Nights Drop 6.5 Pct in November

Guest nights spent at commercial accommodations by Hungarian and foreign tourists fell 6.5 pct in November 2008 if compared to the same month of the previous year. 



Government Calls Tender for HUF 50bn Stretch of M3 Motorway

The government has called for a tender for a HUF 50 billion stretch of the M3 motorway in NE Hungary, Finance Minister Janos Veres said on January 9th 2009.


2008 Fiscal Deficit Preliminary HUF 907.1 Billion, Below Forecast

Based on preliminary figures, the fiscal deficit for 2008 is reported to be HUF 907.1 billion which is below the forecast figures.


Zoltek, Coloplast Restart Production in Hungary After Some Gas Restrictions Lifted

US-owned carbon fibre maker Zoltek and Danish healthcare products maker Coloplast restarted production at their plants in Hungary after restrictions on gas consumption by some big consumers were lifted on January 8th 2009.


Van De Velde to Shut Down Plant in Hungary

Belgian-owned lingerie maker Van de Velde is shutting down its plant in Hungary because of a drop in orders, managing director Istvan Marka said on January 7th 2009.


News Monitoring