Pannon GSM launches customer tests of 3G in downtown Budapest
Pannon GSM, Hungary's second largest mobile provider, announced that it is launching customer tests of its 3G network in downtown Budapest as of June 15. Customers of the mobile firm will be able to use the service without special SIM cards.
Banking sector profit growth unabated in Q1, says PSZAF - net income up 61%
Although a decline in profitability was foreseen for this year following a stellar rise in 2004, there was further significant profit growth of 61% in Hungary's banking sector in the first quarter of 2005, financial authority PSZAF said in its quarterly report.
May budget deficit less than forecast at HUF 127.7 billion
Hungary's consolidated state budget deficit was HUF 837.7 billion at the end of May, some HUF 25.2 billion lower than the expected HUF 862.9 billion, the finance ministry announced.
State could sell up to 100% of Budapest Airport - first deadline June 28
Bidders must submit their declarations of intent to take part in the privatization of a 75% minus one vote stake in Budapest Airport Rt (BA), the operator of the Ferihegy international airport, by June 28, according to the tender invitation published by privatization agency APV.
Retail network shrinks 0.3% in Q1 2005
There was a 0.3% decrease in the number of retail units during the first quarter of 2005 compared to the same period of last year, according to data released by the Central Statistical Office (KSH).
