GE's Hungarian unit Budapest Bank notes 30% net profit drop in 2005 on expansion, investments
Budapest Bank (BB), the Hungarian unit of the GE Money Bank group, saw its bottom line shrink by one-third to HUF 7.8 bln in 2005 due to significant investments into network expansion and operations, the bank announced Monday.
Vacancy rate in Hungarian built-to-let industrial property market rises to 8.1% in 2005
The vacancy rate in built-to-let industrial premises in Hungary went up to 8.1% in 2005 from 7.2% in 2004 as the quantity of new supply rose ahead of tenant take up, leading to a softening of rents in the sector, says a report released Monday by real estate consultants DTZ.
Hungary's two main parties MSZP, Fidesz neck and neck in latest polls ahead of April elections
Hungary's two major political parties, governing Hungarian Socialist Party (MSZP) and center-right opposition party Fidesz, are in a statistical dead heat with barely more than six weeks left to go until April general elections, according to the latest monthly survey of research firm Szonda Ipsos.
Finance Ministry forecasts HUF 298 bln budget deficit for February, HUF 260 bln for March
The Hungarian Finance Ministry said on Thursday that it expects large budget deficits in both February and March, taking the fiscal deficit to nearly half the yearly target by the end of the first quarter.
Hungary's telco regulator to further cut charges for connections to mobile networks in 2006
Hungary's National Communications Authority (NHH) will force the country's three mobile operators to further cut the termination fees they charge competitors for calls routed to their networks in 2006, following a similar move last year, NHH chairman Daniel Pataki at a press conference.
