Real wages rise 8.2% in January–May 2005
Wages in Hungary rose by 9.8% in gross and 11.0% in net terms in May 2005 when compared to the same month last year, according to figures released by the Central Statistical Office (KSH) Tuesday. Real wage growth was 7.1% in May.
Auto supplier Ibiden announces new EUR 95 million investment
Japanese automotive firm Ibiden will develop a second EUR 95 million production facility adjacent to its current operation in Dunavarsany (near Budapest), according to Ibiden president Yoshifumi Iwata.
Ten bidders past pre-qualification of Budapest Airport privatization - indicative bids due August 9
Of 11 bidders, all but one have made it past the pre-qualification phase of the privatization tender of Hungarian airport operator Budapest Airport (BA), privatization agency APV announced.
Tourism revenues up 15.8% in January-May
Tourism revenues at commercial accommodations in Hungary were up 15.8% to HUF 73.6 billion (USD 355 million) in the first five months of 2005, according to data released by the Central Statistical Office (KSH).
Economy minister predicts HUF 4 billion FDI in Hungary in 2005
Foreign direct investment in Hungary could reach EUR 4 billion by the end of the year, compared to EUR 3.5 billion recorded last year, according to economy minister Janos Koka.
