March 2010

A Total of 145 New Kilometers Are Handed over on Motorways 6 and 60

The town of Pécs in the South of the Transdanubian region can be reached by motorway from now on.


Temic Telefunken to Receive State Support for HUF 7 Billion Investment Project

The Hungarian government will give a yet unspecified amount of support for a HUF 7 billion investment by Temic Telefunken Microelectronic Hungary.


The EC Says Hungarian Balance ”Broadly Stable” But Calls for Further Reforms

In an assessment of Hungary's updated convergence program, the European Commission said Hungary's budget balance was "broadly stable" in 2009.


PRESS MONITOR

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


LEGAL ALERTS

Updates on legal issues and regulations.


Books and Publications

This week's recommended read: "Privatization, Politics, and Economic Performance in Hungary" from Zoltan Antal-Mokos.


The Esztergom Plant Will Begin Manufacturing of Sixth-Generation Suzuki Swift

Magyar Suzuki, the Hungarian unit of Japan's Suzuki Motor Corporation, will begin manufacturing sixth-generation Suzuki Swifts at the company's plant in Esztergom following the annual summer production shutdown.


Mixed Forecast from GKI Think Tank, the GDP Will Stagnate This Year

GKI head András Vértes said Hungary's fiscal position is excellent compared to its peers in Europe.


Industrial producer prices were 0.9 pct higher than in the previous month

Industrial producer prices involving both domestic and export sales prices were 0.9 pct higher than in the previous month and 2.8 pct lower than a year before.


Monetary Council Voted to Reduce the Central Bank Base Rate by 25 Basis Points

At its meeting on 29 March 2010, the Monetary Council reviewed the latest economic and financial developments and voted to reduce the central bank base rate.


News Monitoring