July 2009

GKI's Economic Sentiment Index Has Been Improving for Three Months

The value of GKI's economic sentiment index adjusted for seasonal effects that had been decreasing since last October and had stagnated in April has been improving for three.

Bosal Group to Receive State Subsidy For HUF 3 Billion Investment at Plant in Hungary

Belgian automotive company Bosal Group on 20 July signed a contract to receive state subsidy to cover a portion of the company's investment at its plant in Kecskemet.

IMF Changes Conditions of Hungary's EUR 20 Billion Loan

The modification is part of the changes by the IMF to all of its lending agreements concluded with countries and it was done in light of the financial crisis.


International news on Hungarian business and finance.

IT Services Hungary opens HUF 4bn office complex in Hungary

IT Services Hungary, the unit of the German information and communications technnology company T-Systems, announced the inauguration of its HUF 4 bn (EUR 15,03 m) service centre in Debrecen (East Hungary) on Tuesday.

Monetary Council Reduced the Central Bank Rate by 100 Basis Points

At its meeting on 27 July 2009, the Monetary Council reviewed the latest economic and financial developments and voted to reduce the central bank base rate by 100 basis points from 9.50 pct to 8.50 pct, with effect from 28 July 2009.


Changes in deferred tax introduced by the 2010 tax package

Flood Protection and Better Water Quality from EU Funding

The assistance contract of the priority project „Rehabilitation of Tata Old Lake and Által Stream Basin” was signed on 24 July.

Spanish Company to Build Largest Wind Farm in Hungary

Spanish wind-power company Iberdrola Renovables has decided to build 62 wind turbines on its wind farm located near Kisigmand (NW  Hungary), the daily 24 Ora said on 27 July.

Meeting with Japanese Tourism Executives

The CEO of the Hungarian National Tourist Office (HNTO) met with executives of the most important tour operators and state administration in Tokyo.

News Monitoring