IMF concludes Article IV consultations with Hungary
On 15 June 2005, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Hungary, the IMF announced Wednesday.
Electrolux to invest additional EUR 20 million in manufacturing facility
White goods manufacturer Electrolux has announced plans to invest a further EUR 20 million to expand production capacity at its refrigerator manufacturing plant in Nyiregyhaza (eastern Hungary).
CPI to fall to under 2% next year due to VAT cuts, says finance minister
Annual average inflation will fall to under 2.0% and may even approach 0% in 2006 due to a lower VAT rate to be introduced in January, said Hungarian finance minister Janos Veres after a cabinet meeting on Wednesday.
MOL gas business sale to E.ON approved by Hungarian Energy Office
MOL Hungarian Oil and Gas Company announced that, according to information received from E.ON Ruhrgas International, the Hungarian Energy Office (MEH) has approved the partial sale of MOL's gas business to E.ON Ruhrgas International.
Corporate, retail interest rates mostly decline in May, but spreads rise further
Both corporate and retail interest rates continued to decline for the most part in May, according to data released by central bank MNB.
