August PMI slips to 52.0 as growth in new orders slows down
Hungary's purchasing manager index (PMI) fell to 52.0 points in August from 52.2 in July, according to seasonally adjusted figures published by the Hungarian Association of Logistics, Purchasing and Inventory Management (MLBKT).
Government to cut administrative spending by HUF 300 billion in 2006
In order to offset lower revenues resulting from tax cuts, and a commitment to further reduce the budget deficit, the Hungarian government will reduce spending on "administrative bureaucracy" by HUF 300 billion (USD 1.5 billion) in 2006, prime minister Ferenc Gyurcsany announced Thursday.
Industrial producer prices rise 4.2% in July, 4.5% in January-July
Hungary's producer price index (PPI) rose 4.2% year on year in July 2005 and 4.5% in the first seven months of the year, according to figures released by the Central Statistical Office (KSH).
Labor Court rules Budapest Airport tender invalid - APV to appeal
The Budapest Labor Court has ruled that a tender by privatization agency APV for the sale of airport operator Budapest Airport (BA), announced on July 12, was invalid, the Budapest Municipal Court announced.
Investment volume grows 9.4% in Q2, 8.3% in H1
Investment volume in Hungary increased by 9.4% in the second quarter of 2005 over a year earlier, according to unadjusted preliminary figures released by the Central Statistical Office (KSH).
