Employers and Unions Reach 2009 Wage Agreement

Employers and unions agreed at a meeting on December 12, 2008 of the National Interest Coordination Council (OET) to a general wage increase of 3-5 pct in 2009 and to establish Hungary's monthly minimum wage at HUF 71,500 next year. 


Antenna Hungaria to Launch Mobile Television Services Next Spring

Swisscom-owned broadcasting company Antenna Hungaria (AH) is planning to launch mobile television services in April or May of 2009, AH segment Director Rudolf Karpati said on December 12, 2008. 

Consumer Price Inflation Slows Further to 4.2 pct in November

Twelve-month consumer price inflation slowed to 4.2 pct in November from 5.1 pct in October and 5.7 pct in September, the Central Statistics Office (KSH) said on December 11, 2008. 

MOL to Lower Wholesale Diesel, Petrol Prices

Hungarian oil and gas company MOL will lower its wholesale diesel and 95-octane petrol prices by HUF 6 and HUF 8 per liter, respectively, from November 26th 2008.


Hungarian Retail Sales Volume Down 1.6 pct yr/yr in September

Retail sales volume in Hungary fell a calendar year-adjusted 1.6 pct yr/y in September 2008, the Hungarian Central Statistical Office (KSH) reported on November 24th.


Consumer Price Inflation Slows to 5.1 Pct in October

Twelve-month consumer price inflation slowed to 5.1 pct in October from 5.7 pct in September and 6.5 pct in August, the Hungarian Central Statistical Office (KSH) said on November 11th 2008. 


GKI Offers Better Growth Outlook than Government for 2009

In a forecast prepared jointly by Hungary's Erste Bank, economic think tank GKI expects Hungary's economy to expand by 0.5 pct.


Hungary to Make 6 pct Reduction in Greenhouse-Gas Emissions by 2012

Hungary will make a 6 pct cut in the country's emissions of greenhouse gases by 2012 as compared to 1985-1987.


AKK Cancels Bond Issues for Rest of Year

The Government Debt Management Agency (AKK) said that it was cancelling all remaining bond auctions.


Wabard Could Sign More Than 50,000 Mandatory Vehicle Contracts in Switch-Over Month

Business prospects for Wabard look very promising in the switch-over month of November.


News Monitoring