European Commission cuts Hungary's contribution to EU budget by EUR 85 million
The European Commission has decided to cut Hungary's contribution to the EU budget this year by another EUR 85 million, following a EUR 22 million reduction earlier this year, the Commission announced. Hungary's contribution will thus be EUR 896 million in 2005.
Defense ministry to spend HUF 59 billion on military procurement in 2005
Hungary's defense ministry is planning to spend HUF 59 billion (USD 290 million) on procurement this year, Ferenc Bese, head of the ministry's office for procurement and security investments told the press.
Foreign trade deficit EUR 431.2 million in April - worse than forecast
Hungary's foreign trade deficit came in at EUR 431.2 million in April 2005, according to first estimate data published by the Central Statistical Office (KSH).
Ferihegy passenger traffic to reach 7.6 million this year; HUF 200 billion developments foreseen
This year passenger traffic at Budapest's Ferihegy international airport will reach 7.6 million, which is considered to be a "psychological limit" to launch an airport expansion project with the construction of Terminal 2/C, said Antal Nemeth, Development Director of Budapest Airport (BA).
Hotel occupancy 53% in January-May; room revenues, guest nights rise
The average occupancy rate in Hungary's hotels was 53.4% in January–May 2005 and 67.0% in May alone, up from 60.5% in April, according to figures released by the Central Statistical Office (KSH).
