February 2010

Human Infrastructure Developments in the Middle Transdanubian Region

Having just signed a series of assistance contracts under the New Hungary Development Plan, further human infrastructure developments can get underway in Veszprém County with the help of EU funding.


The Monetary Council Reduced the Central Bank Base Rate by 25 Basis Points to 5.75 pct

At its meeting on February 22, the Monetary Council reviewed the latest economic and financial developments and voted to reduce the central bank base rate by 25 basis points from 6.00 pct to 5.75 pct, with effect from  February 23, 2010.


Foreign Visitor Consumption Rose 10.4 Pct in 2009

Hungary's tourism surplus hiked almost 18.2 pct to HUF 429 billion in 2009 as spending by foreign tourists rose 10.4 pct to HUF 1,201 billion and Hungarians spending abroad rose 6.5 pct, in forint terms to 777 billion.


PRESS MONITOR

International news sources report on Hungarian business and economy.


BOOKS AND PUBLICATIONS

We recommend the following book for the week: Christianity and Modernity in Eastern Europe.


Mavir Invests HUF 60–70 Billion in Development and Renovation until 2015

Mavir, the Hungarian National Electricity supplier realizes a HUF 60–70 billion investment project on developing its electricity network and system management, which is part of a HUF 107 billion-program stretching until 2020.


Incubation Center of Creative Industrial Sectors Opened at University of Debrecen

The incubation center of creative industrial sectors was set up with the help of EU funding amounting to nearly HUF 400 million at the University of Debrecen.


Real Earnings Fell by 2.4 Pct in 2009

Real earnings fell by 2.4 pct compared to January–December 2008, paralleled by a 4.2 pct increase of the consumer price index.


Construction of Another Micro-Regional Outpatient Healthcare Center to Commence

A total of HUF 481 billion has been earmarked under the New Hungary Development Plan for healthcare developments over the 2007–2013 period.


Construction Output Decreased by 4.3 Pct in 2009

Continuing the decline of previous years, output of construction decreased by 4.3 pct in 2009.


News Monitoring