March 2009

Prime Minister Gyurcsany Asks Hungarian Socialist Party to Seek His Successor

Prime Minister Ferenc Gyurcsany announced on March 21 that the party should seek a new prime minister to head a reconstituted government that would have a wider support to handle the current economic crisis.

Decathlon to Build Central European Logistical Center in Hungary

French sporting-goods chain Decathlon will build its central European warehouse and logistical center in Hatvan (N Hungary).

EU Approves Miskolc Tram Project

The European Commission has approved Hungary's priority project to renovate the tram network in Miskolc (NE Hungary), the National Development Agency announced on March 19.

Public Tender Call for the Military Airbase

The Hungarian State Holding Company (MNV Zrt.) announced a single-round public tender to sell the real estates of the former military airport in Taszár.

Hungary for ESS

“We have a high level of cooperation in the European synchrotron research program, where Hungarians, Czechs and Slovaks work very close in a consortium” – says Professor József Pálinkás.

Synergon: SAP Development at the National Communications Authority

Synergon Information Systems Plc. carries out the continued development of the Enterprise Resource Planning (ERP) system of the National Communications Authority (NCA). The value of the project is close to HUF 150 million.

Hankook Not Planning Lay-offs at Hungarian Unit

The Hungarian unit of Korea's Hankook Tire, Hankook Tire Hungary, announced on March 23 that it is not planning any lay-offs at its plant in Dunaujvaros (Central Hungary), the Dunaujvaros online newspaper dh reported.

The Third Meeting of Central and Eastern European Central Bank Governors Is Held in Budapest

On  March 20, the Magyar Nemzeti Bank (the Central Bank) hosted a working meeting of six Central European central bank governors in Budapest.

Real Earnings Fell by 6.9 pct in January

Real earnings in January fell by 6.9 pct compared to January 2008, paralleled by a 3.1 pct increase of the consumer price index. The average number of employees was 2 million 687 thousand in January 2009.

Budapest’s Modern Office Stock Surpassed 2 Million Square Meters in the 2nd Half of 2008

Budapest’s modern office stock surpassed 2 million square meters in the second half of 2008, with 116,500 square meters of new space delivered in this period, according to DTZ’s markets overview.

News Monitoring