Hungary falls to 41st place in IMD world competitiveness rankings on infrastructure, efficiency
Hungary's economy fell four places in Swiss research institute IMD's 2006 World Competitiveness Yearbook to take 41st spot out of 61 countries and regions surveyed, as a result of its infrastructure and government and business efficiency.
Hungary to partially privatize motorway firm AAK to ensure EU-compliant motorway financing
In order to secure long-term financing for large-scale motorway projects without crippling the state budget, Hungary's government is planning to partially privatize state motorway company AAK through the Budapest Stock Exchange (BSE) before the end of this year, and issue bonds in the value of EUR 1.18 bln through the AAK in the near future, Minister of Economy and Transport Janos Koka announced at a press conference Tuesday.
Hungary's IT Ministry, telecom authority to widen potential broadband Internet access
The Hungarian IT Ministry and the National Communications Authority (NHH) have announced plans to widen the potential broadband Internet access to 100% by 2011 from the current 85%, IT Minister Kalman Kovacs announced at a press conference Thursday.
Office vacancy in Hungarian capital up to 13% due to massive completions in Q1 - report
Take-up on the Budapest office market stood at a modest 35,100 square meters (sqm) in Q1 2006, down 34% on the year (y/y), which, together with high supply of new space, led to an increase of the office vacancy rate increased to 13.2%, the Budapest Research Forum (BRF) announced in a Q1 2006 report Friday.
Hungarian economic growth on track in 2006 on H2 budget reforms - GKI report
Hungary's economy will continue on the euro-accession path started in spring 2005 on decreasing inflation and expected budget reforms resulting in the regained trust of foreign investors, according to a recent report issued by economic research institute GKI.
