State budget closes July with higher-than-expected HUF 51.7 billion surplus
Hungary's consolidated state budget deficit was HUF 936.4 billion at the end of July, some HUF 23 billion lower than the expected HUF 959.3 billion, the finance ministry announced on Friday.
EIU forecasts Hungary's GDP growth to slow to 3.2% in 2005
The Hungarian economy is expected to grow by around 3.2% in 2005 and by 3.8% in 2006, slowed down by easing industrial output and export growth, according to the European Intelligence Unit's (EIU) latest Global Forecast.
Sanyo inaugurates new HUF 4.5 billion plant in Dorog
Japanese electronics company Sanyo inaugurated its new HUF 4.5 billion (USD 22 million) plant for producing photovoltaic batteries in Dorog (northern Hungary) on Wednesday.
EIB to provide EUR 1 billion loans for Budapest investments
The government, the Budapest City Council and the European Investment Bank (EIB) have signed an agreement Monday on a loan of EUR 1.07 billion for the construction of Budapest's fourth metro line and the implementation and operation of a new Budapest central wastewater treatment plant.
GKI confidence index continues low-ride in June
The composite confidence index of economic research institute GKI fell to –21.7 points in June, the lowest level in the index's nine-year history.
