Hungary's top bank OTP withdraws from race for Croatian HVB Splitska banka
Hungary's biggest bank OTP Bank said Friday that it has decided against submitting a bid for Croatia's HVB Splitska banka, as a possible win in the tender would have meant divesting from its already existing subsidiary in the country.
Hungary applies for World Bank funds to help defense against bird flu
The Hungarian government said Thursday that it has applied for millions of dollars in non-refundable grants from the World Bank to help finance the country's defense against avian influenza.
Hungarian FinMin forecasts HUF 263 bln budget deficit for March on extra pension payment
Hungary's Finance Ministry expects a budget deficit of HUF 263 bln in March, due primarily to the payment of the first part of this year's bonus pensions, the ministry's State Secretary Tamas Katona said Thursday.
Hungarian automotive firm Raba signs HUF 6.7 bln military contract
Hungarian Raba Jarmu Kft, the vehicle manufacturing arm of automotive firm Raba, has signed a HUF 6.7 bln contract with the Hungarian ministry of defense for the supply of military vehicles in the latest phase of a 15-year agreement begun in 2003, Raba said in a statement.
Hungarian EcoMin Koka calls for cross-party commitment to economic stability to calm markets
Hungarian Minister of Transport and Economic Affairs Janos Koka Tuesday called on the leaders of Hungary's four parliamentary parties to declare their unconditional commitment to economic stability in the wake of significant weakening of Hungarian capital and money markets, which over recent days have seen the forint lose some 4% of its value, rising bond yields, and wide swings on the stock exchange.
