February 2009

Csanyi: "OTP Bank is Trouble Free" Even More True Today

It is even more true today that there is no trouble with OTP Bank than it was two or three months ago.

Hungary Active Mobile Subscription Numbers Rise at Fastest Pace in Five Years

The number of active mobile phone subscriptions in Hungary grew 868,000 to 10,997,000 in 2008, the biggest increase in the past five years, the National Telecommunications Authority (NHH) said on February 4th 2009.

Hungary November Trade Surplus Revised Slightly up to EUR 109 million

Hungary posted a EUR 109.3 million trade surplus in November, the Central Statistical Office (KSH) reported in a second reading on February 3rd 2009. The figure is slightly higher than the EUR 99.9 million preliminary figure.

S+P Analyst Says Weaker Forint Raises Credit Risk of Banks

The weakening forint raises the credit risk of Hungary's banks, and any problems in the banking system that require costly state aid could put its ratings under pressure, Standard and Poor's analyst Kai Stukenbrock told Reuters on February 3rd 2009.

HP Magyarorszag Computer Sales Rise 30 pct in 2008

The Hungarian unit of American IT giant HP sold 110,000 computers in 2008, 30 pct more than in 2007, and revenue, calculated in dollars, rose about the same, HP Magyarorszag deputy-CEO Kristof Takats said on February 3rd 2009.

Vodafone to Set up HUF 500 Million Regional Service Centre in Miskolc

UK mobile communications service provider will set up a HUF 500 million regional customer service centre.

Debrecen, SE Hungary in competition for ESS

“Europe and the ESS project in particular is in the lucky situation that there are three good offers supported by committed national, regional and local governments”.

MOL, Croatian Government Sign Contract on INA Gas Division Sale

Hungarian oil and gas company MOL and the government of Croatia signed a contract on the separation and sale of INA's gas business.

Bajnai Reaches Agreement on Faster, Simpler Funding Payouts for Companies

Hungarian Economy and Development Minister Gordon Bajnai said he had reached an agreement on how to speed up and simplify payments of more EU development funding provided for companies.

PM Calls for Stricter Rules on Bank-Client Contracts

Prime Minister Ferenc Gyurcsany called for tighter regulations on unilateral changes to contracts between banks and clients at talks with financial industry players in parliament on February 2nd.

News Monitoring