Hungary hopes to save up to HUF 100 bln by streamlining bureaucracy, property sell-offs
Hungary's new government is aiming to save up to HUF 100 bln by streamlining operations at its more than 800 institutions and selling off redundant property, government spokesman Andras Batiz told reporters Thursday.
Hungarian unemployment rate falls to 7.5% in February-April
Unemployment in Hungary was 7.5% in the three-month period from February to April, down from 7.7% during the previous three months but up from 7.2% one year ago, according to data released by the Hungarian statistical office Friday.
Hungarian central bank ups 2006, 2007 inflation forecasts on forint rates, oil prices
Hungary's central bank MNB has raised its inflation forecast for 2006 and 2007 in part due to higher forint rates and oil prices, as well as the increase in minimum wages, the MNB said in its "Report on Inflation" review published Monday.
German gas firm E.ON Ruhrgas plans to retain majority stake in new Hungarian acquisitions
German gas giant E.ON Ruhrgas plans to retain its majority shareholdings - and resulting strategic control - in the Hungarian gas companies it recently bought from Hungarian oil and gas firm MOL, Chairman of the Management Board of E.ON Ruhrgas International (ERI) Ulrich Scholer told a press conference in Budapest on Monday.
OECD says failure by Hungary to set realistic fiscal targets could lead to financial turbulence
While Hungary's GDP growth is expected to strengthen this year and next, restoring fiscal balances must remain a key priority for Hungarian policy makers, according to the conclusions of the latest "Economic Outlook" report of the Organization for Economic Cooperation and Development (OECD) published Tuesday.
