Foreign trade deficit narrows to EUR 132.3 million in May - better than forecast
Hungary's foreign trade deficit came in at EUR 132.3 million in May 2005, according to first estimate data published by the Central Statistical Office (KSH).
MOL: European Commission opens investigation into E.ON's acquisition of gas business
The European Commission (EC) announced Friday it has started a detailed investigation under the EU Merger Regulation into the planned acquisition of the natural gas wholesale and storage activities of Hungarian oil company MOL by Germany energy group E.ON, due to competition concerns.
Tax reform plans welcome but partly misplaced, says MKIK
While the government's recently unveiled tax reform plans reflect a "laudable intent," they do not necessarily bring short-term benefits for businesses, could potentially redistribute income from small business to larger enterprises, and could even lead to job losses due to planned increases in the minimum wage, according to the Hungarian Chamber of Commerce and Industry (MKIK).
SAP opens research lab in Hungary
German software company SAP inaugurated a new R&D lab in Hungary on Friday, at an event attended by Hungarian prime minister Ferenc Gyurcsany. The new center is located in Budapest's Graphisoft Park.
PMI slips back into the negative at 48.1 points in June
Hungary's purchasing manager index (PMI) fell to 48.1 points in June from 52.5 in May, according to seasonally adjusted figures published by the Hungarian Association of Logistics, Purchasing and Inventory Management (MLBKT).
