TriGranit’s foreign projects
Property developer TriGranit last week announced a major shopping mall project in Moscow and plan to build a luxury holiday resort on the Montenegrin coast. The Moscow centre is projected to be 134,000...
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Construction begins on faith
House Speaker Katalin Szili last Thursday opened the construction of the HUF 226.1 billion (EUR 880 million) sections of the M6 motorway and the M60 road near Pécs, southern Hungary. The 79 kilometres...
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Hungary in Afghanistan long term, Sólyom tells Karzai
President László Sólyom last Friday assured his Afghan counterpart Hamid Karzai that Hungarian troops would be in Afghanistan for the long haul during Karzai’s one-day visit to Budapest. “Hungary is...
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FinMin Veres on maintaining budget discipline, the black economy, and...
Staying the course Finance Minister János Veres emphasised to a group of business leaders last Thursday that the government intends to stick to its fiscal consolidation policy through the current...
View ArticleBy the numbers – Fiancial briefs
The International Monetary Fund (IMF) last week predicted that Hungary’s economy would grow by 1.8% in 2008 compared to 1.3% last year and would go on to grow by 2.5% in 2009. The prediction is lower...
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Hungary fiscal system vulnerable but will stand shocks – c’bank report
Hungary’s financial system is vulnerable to new risks but will remain robust against global economic shocks, according to a report by the National Bank of Hungary’s Monetary Council. The...
View ArticleBy the numbers – Financial briefs
Retail sales volume fell by 2.5% yr-on-yr in February 2008, the Central Statistical Office (KSH) said last Wednesday. A consortium led by Austrian construction firm Bilfinger Berger has tendered the...
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Nation needs someone to steer it off road to mediocreville
What will come, will come There is every indication that the governing parties see a minority government as the solution to the post-referendum political situation. What this really means is that...
View ArticleSME confidence index drops in April, says Ecostat
Ecostat’s confidence index for small and medium sized enterprises (SME) dipped to 91.2 percent in April from 97.8 percent in March and 101.4 percent – the index’s all-time high – in April 2007, as...
View ArticleHungary June inflation eases to 6.7 pc from 7.0 pc in May
June inflation rose just 0.1 percent compared to May, partly owing to a drop in food prices of 0.4 percent as well as a 0.2 percent fall in the price of consumer goods. Fuel prices rose 2.2...
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