GKI maintains projections for H2 upturn in economy
Economic research institute GKI predicts that the Hungarian economy will grow at a more dynamic pace in the second half of 2005 than it did at the beginning of the year. In its latest forecast report, the institute therefore affirms its 2005 GDP growth forecast at 3.5%.
Flextronics to employ Hungarian capacities in USD 500 million deal with shipping firm Raymarine
Singapore-based electronics contract manufacturer Flextronics will use its Hungarian manufacturing and service capacities to supply nautical electronic equipment maker Raymarine with vertically integrated production services worth USD 500 million, the companies announced.
Ecostat estimates Q2 GDP growth at 4.0%
Economic research institute Ecostat, an offshoot of Hungary's Central Statistical Office (KSH), estimates that Hungary's GDP grew by 4.0% in the second quarter of 2005, according to its flash GDP estimate published on Monday.
Three consortia submit bids at EDR tender, offers between HUF 10–12 billion
All three bidders submitted their bids by the August 15 deadline in a tender to set up a digital radio communications network for Hungary's emergency services (EDR).
Real wages rise 7.6% in January–June 2005
Wages in Hungary rose by 6.7% in gross and 8.5% in net terms in June 2005 when compared to the same month last year, according to figures released by the Central Statistical Office (KSH). Real wage growth was 4.5% in June.
