British-Swiss firm Vorskla Steel to set up EUR 300 mln steel plant in Hungary
British-Swiss steel company Vorskla Steel AG, registered in Switzerland, signed a memorandum on Wednesday with Hungary's Ministry of Economy and Transport on a EUR 300 mln project involving the construction a new steel plant in the eastern Hungarian town of Zahony.
Hungarian Finance Ministry expects budget deficit to reach 83% of annual target by mid-year
Hungary's Finance Ministry expects the budget deficit to reach HUF 1,283 bln, or about 83% of the annual target, by the end of the first half but still believes the full-year target is feasible, the ministry's State Secretary Tamas Katona said Wednesday.
Office vacancy rate reaches record low in Hungary, CEE in 2005 - CB Richard Ellis report
The aggregate office vacancy rate reached an all-time low of 11.7% in Hungary and a record-low 7.9% in the main CEE markets in 2005, according to Istvan Toth, researcher at property consultant CB Richard Ellis (CBRE).
Confidence in Hungarian economy climbs further in March to new 3-year high
Overall confidence in Hungary's economy continued to grow in March after hitting a three-year high the previous month, according to a confidence index released Thursday by research group GKI.
European commission reprimands Hungary over uncompetitive Media Act
The European Commission (EC) warned Hungary in a statement Tuesday that it must end restrictions on cable television providers in line with EU competition rules or face possible action in the European Court of Justice.
