PRESS MONITOR
International news sources report on Hungarian economics and finance.
AmCham Shows Hungarian Electronics as Biggest Contributor to GDP
The American Chamber of Commerce has disagreed and recalculated with the statistical results of the Central Statistical Office (KSH).
PRESS MONITOR
Guardian
To Viktor Go the Spoils: How Hungary Blazes a Trail in Europe.
Hungary Posted a Budget Surplus of HUF 36.1 Billion in July
Hungary posted a budget surplus of HUF 36.1 billion in July. The January–July balance shows a HUF 997.5 billion deficit, which is 114.6 pct of the full-year target.
Government to Launch Consultations on New Széchenyi Development Plan
The government is to launch a series of consultations, presenting the outlines of the new Széchenyi plan – the government's new development plan – at a meeting of entrepreneurs.
Budapest Inaugurates EUR 429 Million Sewage Treatment Plant
Budapest Mayor Gábor Demszky inaugurated on August 2 a new central sewage treatment plant and related facilities, built for EUR 429 million.
PM Confirms 2011 Introduction of Single-rate Income Tax
From January 2011, Hungary will gradually introduce a single-rate personal income tax – Hungary’s PM Viktor Orban said in a TV interview on Monday.
BOOK REVIEW
Recommended read for this week: Dilemmas of Transition: The Hungarian Experience (1990)
GKI: Improving Business And Deteriorating Consumer Expectations
In July, GKI's economic sentiment index (adjusted for seasonal effects) remained unchanged.
Parliament Approves Bank Levy
Late on July 22, parliament approved a three-year bank levy which is to generate budget revenues of HUF 200 billion in 2010, including some HUF 13 billion in revenue from extraordinary bank taxes already in place.
