April 2009

Stadler Inaugurates HUF 5 Billion Train Body Plant In Hungary

Swiss rolling stock maker Stadler Rail Group has inaugurated a HUF 5 billion aluminum train body plant

Job Preservation Main Focus of Crisis Management Program, Says Economy Minister Nominee

Job preservation is at the centre of the government's crisis management program, economy minister nominee Istvan Varga said at a confirmation hearing before Parliament's Economy Committee on April 27.

City Center to Be Renewed With The Help of EU Funding

The foundation stone was laid and the assistance contract for the development of the new high street in the inner city of Budapest was signed on April 23.

Hungarian PM Chose Shell Executive for Minister of Economy

Mr István Varga, 52, former executive of the Hungarian unit of Royal Dutch Shell is chosen as candidate by PM Gordon Bajnai for minister for national development and economy.

Oszko Sees Chance to Reduce Tax Centralization to 33-34 Pct by 2011

Planned tax changes will have an overall neutral effect on the budget this year, as savings from the tightening steps will be sufficient to compensate for a revenue shortfall.

Billions of EU Funding for the Modernization of the Uzsoki Street Hospital

The Uzsoki Street Hospital will evolve into a regional hospital providing full medical services by 2010 with the help of funding granted by the NHDP.

Billions of EU Funding for Hungarian-Slovak Partnerships

Projects approved funding within the framework of the first call for applications of the Hungary-Slovakia Cross-Border Cooperation Program have been selected.

EU Decision Procedure Concerning Metro Line 4 is Proceeding According to Plan

The National Development Agency rejects allegations claiming that the European Commission has rejected some of the documents of the Budapest Metro Line 4 investment on the grounds of official information issued by Brussels.

Development of the Buda Tramway Network to Get Underway

Tramway transport in Buda will be renewed in the coming years with the help of EU funding. The assistance contract for the first phase of the multi-billion forint investment worth over HUF 5.4 billion was signed on April 17.

Assistance Contract Signed for the Development of the Bus Corridor in Rákoskeresztúr

Bus travel time will considerably decrease on a 10-kilometer stretch between the centre of Rákoskeresztúr and Örs Vezér Square through the reconstruction of the existing road network. 

News Monitoring