Finance Minister Prepares New Macro Targets for Budget Because of Financial Crisis


Due to the global financial crisis, new macro targets are being prepared.

Hungary PMI Drops to Adjusted 50.3 in September

Seasonally-adjusted Purchasing Manager Index (PMI) for September is down by 1.6 in comparison to August data.


Gestor, BPI Hungary Plan EUR 45 million Conversion of Rundown Buildings in Capital

Hungarian property developers Gestor and BPI Hungary plan to spend EUR 45 million to convert a block of rundown buildings in Budapest's District IX into offices, shops and a hotel, the companies' heads announced at the site on October 1st 2008.


Competition Office Grants Conditional Approval for Spektrum TV Acquisition

The Hungarian Competition Authority (GVH) on September 29th 2008 announced that it had granted conditional approval of Chellomedia Programming's acquisition of Hungarian television channel Spektrum TV.


Unemployment Rate Unchanged at 7.5 pct in June-August

Average unemployment rate remains unchanged compared to previous three-month period.


Budapest Spa to Sell Assets to Pay for Bath Developments

Local council-owned Budapest Spa plans to sell off some assets to raise HUF 4.5 billion-5.0 billion (EUR 18.5-20.5 million) to modernize its baths, business daily Vilaggazdasag reported on September 26th 2008.


Vodafone Selects MADS to Provide Mobile Advertising Platform

Mobile service provider Vodafone Hungary announced on September 25th 2008 that it selected Dutch mobile advertising technology provider MADS to deliver a platform for its Vodafone Live! Portal.


Budapest International Fair to Begin This Week

The 112th Budapest International Fair will be held from September 10th to September 14th.


Otthon Centrum Sees New Home Prices Rising in Line With Inflation

Hungarian real estate company Otthon Centrum projects the price of new homes in Hungary will increase about 7 percent in 2008.

Hungarian Households Take Out More CHF Loans in July

Hungarian households signed contracts for more new Swiss franc denominated loans in July - the most popular retail lending product - than a month earlier, the National Bank of Hungary's latest monthly rates report reveals.


News Monitoring