January 2009

Fotex Crystal Unit to Lay Off More Than Half of Staff

Hungarian holding company Fotex said late on January 6th 2009 that its crystal making unit Ajka Kristaly had informed the Employment Office that it planned to lay off 250 employees.


Hungary to Decide on Mobile Frequencies Tender in January

Hungary's National Communications Authority (NHH) will decide the results of a tender for new mobile frequencies in January.


Hungary Gas Deliveries from Ukraine Halted

Russian gas shipments via Ukraine to Hungary halted at 15:30 on January 6th 2009.


Art Collectors, Investors Spend 10 pct More at Winter Auctions

In spite of the global financial crisis, Hungarian art collectors and investors spent 10 pct more at last year's winter auctions.


PMI Increases to Seasonally Adjusted 41.0 in December

Hungary's Purchasing Manager Index (PMI) rose slightly in December, mounting to a seasonally-adjusted 41.0 as opposed to previous month's 39.9. 


Current Account Deficit Rises to EUR 2.492 Billion in Q3

The current account deficit of Hungary rose significantly in the third quarter of 2008.


Revenue Growth of Hungary's Biggest 500 Companies Slows Sharply in 2007

The combined revenue of Hungary's biggest 500 companies grew 10.6 pct in 2007, well under the 17.5 pct increase in 2006, business weekly HVG's latest TOP-500 list reveals.


Hungary Wiener Market Grows 3 pct to HUF 25 Billion

Hungary's wienerwurst market expanded 3 pct to about HUF 25 billion in the twelve months to October from the same period a year earlier, a survey by market research company ACNielsen shows.


State Lottery Revenue Rises to HUF 156 Billion in 2008

State lottery company Szerencsejatek had revenue from lottery sales of HUF 156 billion in 2008, according to preliminary figures, up from HUF 144 billion in 2007, the company announced on December 29th 2008.


T-Mobile Makedonija Wins UMTS (3G) License

UMTS license was granted to T-Mobile Makedonija AD Skopje by the Macedonian Agency for Electronic Communication.


News Monitoring