Hungarian trade deficit below market consensus at EUR 188 mln in April - preliminary data
Hungary's foreign trade deficit was lower than market expectations at EUR 187.6 mln in April 2006, which compares to EUR 418.8 mln a year earlier, according to preliminary data released by the Central Statistical Office (KSH) Friday.
Budapest office vacancy rate up to 13% in Q1 2006 on high completions, low demand
The office vacancy rate in Budapest increased to 13.2% in the first quarter of 2006 from 11.7% in the previous quarter, but down from 14% in Q1 2005, according to a quarterly report issued by property advisor CB Richard Ellis (CBRE).
Hungarian household gas, electricity prices to rise as gov't cuts subsidies under budget reform
Hungarian households will see double-digit natural gas and electricity prices increases as of August this year as the government cuts back on price subsidies in a bid to reduce its record high budget deficit, Hungary's Prime Minister Ferenc Gyurcsany announced Saturday.
Hungary to postpone tax reform, raise VAT, corporate tax in bid to reduce deficit
Hungarian Prime Minister Ferenc Gyurcsany said Saturday that in order to achieve desired reductions in the budget deficit, large parts of an ambitious government five-year tax reduction program will have to be shelved, and a number of taxes will have to be increased.
UK-based Vodafone's Hungarian unit launches full-scale 3G services in Budapest
Vodafone Hungary, the Hungarian subsidiary of the UK-based telecom group, Thursday launched its full-scale third-generation (3G) mobile services in the Hungarian capital city of Budapest, the company announced in a statement.
