January 2010

FinMin Says ”We Don't Need IMF Money Any More,” PM Says ”We Must Grow Faster than the EU”

"…My expectation is that since Hungary is targeting the same track for the future, we won't need financial help," said Finance Minister Péter Oszkó to the Financial Times in an interview.


International news sources report on Hungarian business, government and economy.

Books and publications

Books and publications:
Bright and Splendid Hungary

Ministry of Culture Endorses Web Royalty Fee Regulations

Artisjus, the Bureau for the Protection of Authors Rights has presented a press release about music and film rights used in different environment.

Merrill Lynch: Hungary Could Enter ERM-II in 2011

ML-BofA believes that Hungary could be the pack leader in the group of Poland, The Czech Republic and Romania to enter ERM-II exchange rate mechanism, and finally introduce the euro in 2014.

The Monetary Council Reduced the Central Bank Base Rate to 6.00 Pct

The Monetary Council of the Magyar Nemzeti Bank reduced the central bank base rate by 25 basis points to 6.00 pct, in effect from 26 January 2010.

E.ON Földgáz Trade to Auction 1.075 Billion Cubic Meters of Gas on March 4

E.ON Földgáz Trade, the Hungarian unit of E.ON Ruhrgas International, will sell 1.075 billion cubic meters of gas in an auction on March 4.

Malév Passenger Numbers Climb 6 Pct in 2009

Hungarian national carrier Malév's passenger numbers rose 6 pct to 3.3 million in 2009, and growth in the first quarter of 2010 is expected to be in the double digits, Malév told MTI on January 25.

Power Companies Boost Profit in the First 3Q 2009

Power producers, distributors and traders in Hungary generated pre-tax profit of HUF 176.9 billion (EUR 654.72m) in the first three quarters of 2009.

Green Revolution in the Construction-Industry

Masterplast, one of the biggest construction material industrial producer and distributor announced its five-year strategic plan, whereby it increases frontage thermo-insulation from its current 40 pct to 48 pct within its full product range.

News Monitoring