New office space set to grow by 150% in 2005, says study
New office space in Budapest is set to expand by 270,000sqm in 2005. This represents an increase of 150% when compared to new supply last year, according to a survey by urbanization research center Studio Metropolitana.
Budget committee supports Veres's nomination for finance minister
Parliament's budget and finance committee endorsed the nomination of Janos Veres as Hungary's new finance minister, after holding hearings on Thursday. The vote was 14 for, with 10 abstentions. Prime minister Ferenc Gyurcsany announced on Monday that Veres would be the new finance minister after the ousting of Tibor Draskovics.
Banking sector reached its limit with 58% profit growth in 2004, says PSZAF
Following stellar profit growth of 58% in 2004, Hungary's banking sector may see its profitability decline in 2005, as slowing lending growth, declining but volatile interest rates, rising costs of retail expansion and the deterioration of portfolio quality all pose risks in the coming year, financial authority PSZAF said in its quarterly report on the banking sector.
BSA launches new anti-piracy campaign - SMEs targeted
The Hungarian branch of the Business Software Alliance (BSA) has launched its 2005 anti-piracy campaign aimed at tackling persistently high software piracy rates in Hungary, spokesperson Erzsebet Sebok announced.
Credit insurer Atradius seeks to be Hungarian market leader
Atradius, one of the world's leading credit insurance firms, has recently set up its Hungarian representative office in Budapest, and has plans to become the market leader in the country, managing director Balazs Vanek told reporters.
