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Life in Hungary

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Latest news

Government to Discuss Tax Cuts at August 21st 2008 Cabinet Meeting

The government will discuss tax cuts at a cabinet meeting on August 21st, Finance Minister Janos Veres said in an interview published in Monday's issue of the economic daily Vilaggazdasag.

GKI projects higher growth, firmer forint

Economic think tank GKI has raised its projection for Hungary's 2008 GDP growth to 3.0 pct in its latest forecast from 2.5-3.0 pct in May, and it puts the average HUF/EUR rate at 245 for the year, compared to an average of 253.6 in the first half of 2008.

Aquaplus Wins Tender to Build Siklos Baths with Bid of EUR 8.7 m

Aquaplus has won a tender to plan, build and operate a seasonal thermal bath in Siklos (SW Hungary) with a bid of net HUF 2.04 billion (EUR 8.7 million), the latest issue of the Public Procurement Gazette reveals.

Nitrokemia to Build EUR 170.2 m Lactic Acid Plant in Hungary

Hungarian chemicals company Nitrokemia plans to build a HUF 40 bn (EUR 170.2 million) lactic acid plant in Balatonfuzfo in North-West Hungary, the company announced at the site on July 31st 2008.

Number of Registered Businesses Increases 22.5 pct in H1

The number of businesses registered in Hungary was 1.624 million at the end of June, 2008, 298,000 or 22.5 pct more than at the end of 2007, and 342,000 or 26.7 pct more than at the and of June, 2007, the Hungarian Central Statistical Office (KSH) reported on July 31.

News Monitoring