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).
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.
Confidence of Hungary's top 100 companies down in May on macroeconomic uncertainty
Confidence among Hungary's top 100 companies fell in May as concerns over macroeconomic imbalances and uncertainty surrounding the new Hungarian government's program spread caution in the market, according to a confidence index released by research group Ecostat Monday.
Hungary's high current-account gap could lead to currency collapse - Economist Intelligence Unit
Hungary is facing solid GDP growth of 4.4% annually in 2006–2007, but rising domestic consumption, slow exports and buoyant foreign currency lending have resulted in a high current-account deficit that could possibly weaken the Hungarian currency to the point of collapse, according to the latest monthly forecast of UK-based think tank the Economist Intelligence Unit (EIU).
Hungarian PM plans over 30% layoffs at ministries through 2007 in bureaucracy overhaul
Hungary's Prime Minister Ferenc Gyurcsany outlined plans Wednesday to overhaul government operations, including the centralization of certain non-core tasks that is expected to lead to a more than 30% reduction in staff at government ministries by end-2007.
