August 2010

Think Tank Says Export-Driven Growth Will Hit 1 Pct

According to the forecast of GKI Economic Research Co. prepared in co-operation with Erste Bank, the mostly exports driven GDP growth rate will be approximately 1 pct.


Fifth Iberdrola Plant Commissioned in Hungary

Spanish wind energy giant Iberdrola Renovables has commissioned its second wind farm in North Western Hungary, bringing the company’s total wind energy capacity operated in the country to 88 megawatts.


PRESS MONITOR

Guardian
To Viktor Go the Spoils: How Hungary Blazes a Trail in Europe.


TAX & LEGAL ALERT

Legal alert for the week: Local Business Tax Devolve Back to Local Governments


BOOKS and PUBLICATIONS

Recommended read for the week: The Hungarians: A Thousand Years of Victory in Defeat.


The Number of Guests and Tourism Nights Was 1 Pct Higher

In January–June 2010, the number of guests and tourism nights was 1pct higher in public accommodation establishments compared with the same period a year earlier.


Hungarian Insurers' Premium Revenue Climbs 11 Pct in Q1

Hungarian insurers' combined revenue from premiums climbed 11 pct to HUF 244.5 billion in the first quarter from the same period a year earlier, fresh data published by financial market regulator PSZAF on August 9 show.


SMR Subsidiary Expands Production in Hungary

Samvardhana Motherson Refletec (SMR), an Indian-based multinational rear-view mirror manufacturer has broken ground for a new 15 000 sqm production facility near the north-western Hungarian town of Mosonmagyaróvár.


Trade Balance Showed a Surplus of EUR 567 Million

In June 2010, according to first estimates, exports amounted to EUR 6,284 million, while the value of imports reached EUR 5,717 million.


Hungarian Energy Giant Test Drill is Promising

The results of further testing of the Butmah (1783 to 1814m) section of the Jurassic on its Shaikan-1 discovery well have been announced by MOL.


News Monitoring