Monetary Council cuts base rate by 25 bp to 7.00%, as expected
Effective June 21, the Monetary Council of central bank MNB reduced the base rate by 25 basis points to 7.00% at its June 20 meeting. The move was in line with market expectations.
Five applicants invited to bid in metro 4 tunnel construction tender
Five companies and consortia have been invited to submit final bids for tunnel construction work related to Budapest's fourth metro, Budapest municipal authorities announced.
No significant tax cuts on horizon, says finance minister
There will be no significant tax cuts before the next election [in spring 2006], said Hungarian finance minister Janos Veres at a reception held by the American Chamber of Commerce (AmCham).
EU approves Hungary's coal industry restructuring plans
The European Commission (EC) has authorized the restructuring plans for the Hungarian, Polish and German coal industry, considering that the plans presented by the three governments are in line with European rules on state aid for the coal industry and are compatible with the proper functioning of the common market.
Turnover of Hungarian market research industry USD 64 million in 2004
The combined revenues of Hungary's market research firms reached HUF 13.3 billion (USD 64 million) in 2004, approximately 8% more than in 2003, according to estimates of the Alliance of Hungarian Market Researchers (PMSZ), whose member companies control 90% of the market.
