British airport operator BAA announces staff cuts at Budapest Airport to up competitiveness
Hungarian airport operator Budapest Airport (BA), owned by the UK's BAA, on Thursday announced it would lay off 80 people at the company, and signaled that further staff reductions are needed to improve operations and stay competitive.
Hungary's OTP Bank in talks on acquiring four banks in Ukraine, Serbia and Russia
OTP Bank, Hungary's largest bank, is currently in talks on acquiring four foreign banks, Chairman and CEO Sandor Csanyi said at the bank's AGM Friday.
Hungarian airline Malev narrows pre-tax losses to HUF 1.3 bln in 2005, plans profits for 2006
Malev Hungarian Airlines managed to narrow pre-tax losses to HUF 1.3 bln in 2005, down from HUF 4.9 bln in 2004, although missed plans to break even, the company announced in a statement on Tuesday.
Illegal copying in Hungary leads to annual fallout of several HUF 100 bln
Hungarian and international copyright advocacy groups ASVA, BSA and ProArt have joined forces to call the attention to copyright law enforcement and against illegal copies, which cause several HUF 100 bln fallout for copyright industries in Hungary each year, a study published by the advocacy groups shows.
Hungarian household interest rates change little in March
Hungary's forint-based corporate and household lending rates showed a mixed picture in March, while long-term deposit rates are increasing, according to data released by Hungary's central bank MNB on Friday.
