May 2009

The Monetary Council Left The Bank Rate Unchanged at 9.5 Pct

At its meeting on 25 May 2009, the Monetary Council reviewed the latest economic and financial developments and voted to leave the central bank base rate unchanged at 9.5 pct.

Domestic and International Awards for Colliers International

In 2009, having fulfilled the most rigorous conditions for nomination and evaluation, real estate advisory Colliers International ranked 12th on the list of the Top 100 services companies.


Reuters Wed May 20, 2009
Hungarian Bank OTP on track for to hit year profit target-CFO

Mindshare Wins HUF 180 Million MFB Media Planner Tender

Mindshare Mediaugynokseg has won a HUF180 million media planner tender called by the state-owned Hungarian Development Bank (MFB), the latest issue of the Public Procurement Gazette shows.

EEA and Norwegian Mechanisms Program Successfully Closed in Hungary

Over the 2004-2009 period funding of over 135 million EUR in value, i.e., by and large HUF 34.5 billion, was made available for various Hungarian projects and funds by the European Economic Area (EEA) and Norwegian Financial Mechanism.

Hungary Mobile Internet Subscriptions Rise to 566,000 in April

The number of mobile internet subscriptions in Hungary rose to 566,000 at the end of April from 542,000 at the end of March, the National Telecommunications Authority (NHH) said on May 21.

Competition Office Investigates Food Industry Associations Because Of Codex Text

Hungary's Competition Office (GVH) on May 21 said it started an investigation of several food industry professional associations, after finding parts of an industry codex restrict competition.

Sun Microsystems Move to Millennium City Center

Sun Microsystems will relocate their offices from Buda Business Center to Millennium Tower II during summer 2009.

Proportionally Better than Planned, HUF 43.3 Billion Adjusted Q1 result

Consolidated profit after tax was HUF 41.8 billion in the first 3 months 2009, which is lower by 24 pct y-o-y.

Magyar Suzuki Managed to Close the Year with Great Performance

Despite the severe market conditions of the domestic and European car industry in 2008, Magyar Suzuki Corporation managed to close the financial year with great performance.

News Monitoring