NewsLetter

Liberalized natural gas market accounts for 6.7% of consumption in Hungary

Since the opening of Hungary's natural gas market to all non-residential consumers last year, 44 industrial consumers together accounting for 6.7% of all consumption have opted for the liberalized market, according to figures presented by Zoltan Csallokozi, head of the Hungarian Alliance of Gas Utilities (GE) during a conference Thursday.

Hungary's central bank reduces 2006-2007 inflation forecasts but sees uncertainty ahead

Hungary's central bank MNB has reduced its inflation forecasts for both 2006 and 2007 in its latest "Quarterly Report on Inflation," but warns that the pace of disinflation seen over the past year may not be sustainable in the future.

Hungary agrees to 'above-inflation' minimum wage deal for 2006-2008

Hungary's tripartite National Interest Reconciliation Council (OET) reached an agreement on above-inflation, structured increases in the national minimum wage for the next three years at a meeting last Friday.

Central bank keeps base rate on hold at 6.00%, as expected

The Monetary Council of Hungary's central bank (MNB) decided at its Monday meeting to leave its base interest rate unchanged at 6.00%. The move was in line with market expectations.