August 2009

Malev Aircraft Maintenance Unit Joins SuperJet Service Network

Aeroplex, the maintenance unit of Hungary's national carrier Malev, has signed an agreement on joining the aircraft servicing network of SuperJet International.


EU Supports M3 Motorway construction

Drawing the highest possible ratio of EU funds is essential for implementing as many investments as possible in Hungary.


Guntner-Tata Was Awarded HUF 185 Million Development Grant

The Hungarian unit of German cooling systems maker Guntner was awarded a HUF 185 million state development grant.


PRESS MONITOR

International news sources reporting on Hungarian tourism, business and diplomacy .


50 Basis Points Reduction

At its meeting on August 24, the Monetary Council reviewed the latest economic and financial developments and decided to reduce the central bank base rate by 50 basis points from 8.50 pct to 8.00 pct, with effect from August 25.


Economic Sentiment Index Has Improved

The value of GKI's economic sentiment index adjusted for seasonal effects improved further in August and thus the index has been increasing since May.


OTP Sold Approx. 1,6 Million Own Shares to EBRD

OTP Bank Plc. announced on August 19 that in accordance with the announcement published on July 10 in line with the signed agreement with EBRD dated July 9 the Bank sold 1,585,559 own shares to EBRD.


Real Earnings Fell by 2.2 pct

The average gross and net earnings in corporations employing at least 5 persons and in budgetary institutions increased by 1.3 pct and 1.0 pct, respectively, compared to the same period of the previous year.


Call for Tender for Taszár Airport

The Hungarian State Holding Company invites bidders interested in buying the former military airport in Taszar.


U.S. sales of Mangalitsa ham is expected to be 1,000-2,000 this year

Sales of ham produced from Mangalitsa hogs raised in Hungary is expected to reach between 1,000 and 2,000 in 2009, National Association of Mangalitsa Breeders President Peter Toth told MTI.


News Monitoring