Ecostat estimates GDP growth at 4.6% in Q3
Economic research institute Ecostat, an offshoot of Hungary's Central Statistical Office (KSH), estimates that Hungary's GDP grew by 4.6% in the third quarter of 2005, according to its flash GDP estimate published on Monday.
Central bank says fiscal tightening of up to 7% of GDP needed for 2010 euro
Based on current trends, Hungary will have to enact fiscal tightening equivalent to 5.5–7% of GDP in the coming years in order to meet criteria for eurozone accession in 2010, according to a new report by Hungary's central bank MNB.
Consumer and business confidence down again in October
Hungarian business and consumer confidence fell again in October after a partial recovery during the previous month, economic research institute GKI said in its monthly confidence report.
US aluminum giant Alcoa announces EUR 70 mln investment in Hungary
US aluminum giant Alcoa will invest a further EUR 70 mln in its manufacturing operations in Hungary, Economy Minister Janos Koka and director of Alcoa's Hungarian operations Bela Forgo announced at a press conference on Monday.
EBRD urges Hungary to rein in public spending and push ahead with reform
A major international report out Tuesday urged the Hungarian government to rein in public spending and push ahead with wide-ranging public and private sector reforms.
