April 2010

Next Gov’t to Submit Plan on Tax System, Red Tape and Local Councils

Hungary's new government will prioritise changes to the tax system, reduction of state bureaucracy, and new cooperation with local councils, Viktor Orbán, head of Fidesz, said.


Monetary Council Reduces Base Rate to 5.25pct

The Monetary Council has reviewed the latest economic and financial developments, voting to reduce the Central Bank base rate by 25 basis points from 5.50pct to 5.25pct with effect from April 27, 2010.


Sanyo Moves Equipment into HUF 4.5 billion Plant in Hungary

Japanese electronics giant Sanyo has started moving equipment into a HUF 4.5 billion solar cell plant being built at its base in the Hungarian city of Dorog.


BDO Unit Expects Hungarian Mergers and Acquisitions Market to Grow in 2010

The market of mergers and acquisitions in Hungary could expand at a rate of 10– 20pct in 2010 after a slump last year, the Hungarian unit of international consultancy BDO International said on April 19.


PRESS MONITOR

International news sources report on Hungarian business and finance.


BOOKS and PUBLICATIONS

Book recommendations for the week: On The Edge. Ukrainian - Central European - Russian Security Triangle


Fidesz Wins Two-Thirds Majority in General Election

The conservative Fidesz party has won a two-thirds majority in the runoff to Hungary's general election on April 25.


GKI's Confidence Index of Consumers Approaches a Four-Year High

In April, GKI's economic sentiment index (adjusted for seasonal effects) continued its rise which started a year ago.


2009 Proves one of the Hardest Periods for Domestic Tourism

For the domestic tourism industry, and especially for Budapest, 2009 proved to be one of the hardest periods in a long time.


Budapest Airport Back to Normal

Operations are fully back to normal at Budapest Airport, with all arrivals and departures running according to schedule. Airlines are operating their flights under the usual timetable.


News Monitoring