Hungarian consumer confidence up as business confidence at highest since EU entry
Hungarian consumer confidence grew in November, boosted by a more favorable outlook on jobs and inflation as business confidence rose to its highest level since Hungary's accession to the EU in May 2004, according a confidence index compiled by economic research group GKI.
French consortium Csepel 2005 FH wins Hungarian sewage plant tender with EUR 249 mln offer
French-led Csepel 2005 FH consortium won the public procurement tender to design, construct, and run the Budapest central sewage processing plant in the Csepel district of Budapest, according to a statement published late Thursday by the Budapest Mayor's Office.
Hungary's development bank MFB predicts steady growth in 2006
Hungarian development bank MFB is planning steady growth in 2006 as a new approach to development financing shifts emphasis away from state support to the banking sector, the bank's leaders said at a press conference in Budapest.
Domestic tourists boost total guest nights at Hungarian hotels 4.1% in November
Guests nights in Hungarian commercial accommodation rose 4.1% year-on-year in October to 1,518, according to data released by the Hungarian statistical office Monday. Growth was driven by domestic tourism as the number of foreign guest nights effectively stagnated over the month.
Hungarian business leaders agree in principle to pass VAT cut onto consumers
In a move designed to reassure consumers and put pressure on small retailers, Hungarian business leaders signed an agreement with the government Tuesday in which they agreed in principle that a 5% cut to the top 25% rate on VAT should be passed onto consumers next year.
