Government

Monetary Council Reduced the Base Rate to Summer 2006 Level

Monetary Council of the Central Bank (NBH) has reduced the base rate to 6.25 pct by 25 bp.


HINT – Hungary: Invest, Network and Trade Issue 5 is in Distribution

ITD Hungary and Hamu és Gyémánt Publications is proud to announce that Issue 5 of the Hungarian economic and trade diplomacy has been published. Order you copy at order@investhungary.com!


PRESS MONITOR

International news sources report on Hungarian economy and business.


2010 Budget Endorsed by Legislators

Hungarian legislators endorsed the budget plan prepared by the technocratic government.


The Second Phase of the Small Balaton Water Protection System Approved by the Government

The Government has approved and submitted the funding request of a major project called "Implementation of Phase II of the Small Balaton Water Protection System (KBVR)" to the European Commission.


Hungary Will Not Draw Next IMF Loan Installment

Finance Minister Peter Oszko announced that after the review, which acknowledged the achievements of the crisis management, Hungary would not intend to draw the next EUR 792 million installment of the loan.


PRESS MONITOR

International news sources report on Hungarian economy and diplomacy issues.


EU Funding Amounting to Over HUF 13 Billion for Hungary-Serbia Cooperation

The Hungary-Serbia IPA Cross-border Cooperation Program helps strengthen cross-border contacts between Hungary and Serbia during the 2007–2013-period.


Állami Nyomda Acquires Biometrics Company for HUF 25 Million

Printing company Állami Nyomda on October 30 said it acquired 100 pct of biometric technology company Techno-Progress for HUF 25 million.


PM Bajnai Announces Anti-Corruption Package

Prime Minister Gordon Bajnai has announced that a Hungarian anti-corruption legal package will be introduced from January 1, 2010 which is based on the US system.


News Monitoring