NewsLetter

MOL urges diversification of gas imports

While continuing to stress that the current impasse between Russia and Ukraine on natural gas supplies is unlikely to affect Hungarian consumers, officials of MOL Hungarian Oil and Gas Company concede that it would be in Hungary's best interest to diversify its natural gas import sources, now dominated by Russia.

Hungarian airline Malev reorganizes group structure, lays off 400 workers

Hungarian national airline Malev announced Tuesday that it has agreed with trade unions on a reorganization of the group's structure, including the outsourcing of ground services and maintenance activities to separate firms, and a headcount reduction affecting 400 workers.

Research firm GKI ups Hungarian GDP forecast to 4.2% in 2005 on export, investment rally

Hungarian economic research firm GKI has raised its year-end Hungarian GDP forecast from 3.9% to 4.2% as the country continues to benefit from the improving economic climate in the EU, according to a monthly report published Tuesday.

Hidepito-Strabag consortium wins Danube bridge tender with HUF 62 bln bid

Hungarian motorway company Nemzeti Autopalya Rt (NA) has selected a consortium of Hungary's Hidepito and Austrian construction firm Strabag to build a new bridge over the Danube that will form part of the M0 ring road circling Budapest, NA announced on Wednesday.