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.
Hungarian electricity prices to rise 4.4% for commercial users from Jan.
Regulated Hungarian net electricity prices for non-household users will increase by 4.4% from January 2006, the Ministry of Economics and Transport announced in a statement.
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.
British airports operator BAA to take control of Budapest Airport on Friday
Amid strikes, a credit downgrade and a legal challenge by a rival bidder, airport operator British Airports Authority (BAA) announced Sunday that it will take control of Budapest Airport (BA) on Friday December 23 after agreeing to pay a record GBP 1.3 bln during the privatization of the operator of Hungary's Ferihegy international airport.
