EUR 100m Hungarian-Japanese Capital Fund Established
The Hungarian Development Bank (MFB) and Japan's SBI Holdings signed an agreement on December 15, 2008 to set up an EUR 100 million capital fund.
Local Councils to Call Tender for Pecs-Pogany Airport
The local councils of Pecs, Pogany and Baranya County intend to invite open tender for loss-making Pecs-Pogany Airport.
Budapest Airport Strike Continues, Though Flight Schedule Proceeding Normally
Employees at Budapest Ferihegy International Airport continued to strike for a seventh day on December 16, 2008, but passenger traffic is nevertheless proceeding smoothly at the airport.
Monetary Council Cuts Rates 50bp to 10.50 pct
The Monetary Council of the National Bank of Hungary cut the base rate 50bp to 10.50 pct at a non-rate setting meeting.
Government to Speed up Investments to Boost Employment
The government aims to speed up big infrastructure developments in order to help companies keep staff numbers intact.
Minister Says Rural-Development Programs to Continue in Spite of Financial Crisis
The government intends to continue funding current rural-development programs in spite of the financial and economic crisis, Minister of Agriculture and Rural Development Jozsef Graf said on the evening of December 4, 2008.
Number of Mass Redundancies Triples in November - Extended
Nearly 60 companies reported mass redundancies of a combined 3,100 staff in November, Karoly Piris, who heads Hungary's Employment and Social Office said on December 4, 2008.
Hungary Posts Foreign Trade Surplus of EUR 177 Million in September
Hungary posted a EUR 176.7m trade surplus in September, the Central Statistics Office (KSH) said in a second reading on December 4, 2008.
Finance Minister Says Hungary Is Ready for Introduction of the Euro
Due to the global financial and economic crisis Hungary is expected to repay its debts sooner, thus moving the country closer to joining the eurozone.
Central Bank Governor Says Budget Deficit Could Fall below 3 pct in 2008
National Bank of Hungary Governor Andras Simor said at a meeting of the Hungarian Association of Industrialists and Employers (MGYOSZ) on December 3, 2008. that Hungary's budget deficit could drop below 3 pct of the GDP in 2008.
