EU investigates Hungary's electricity sector over breach of state subsidy laws
The European Commission launched an investigation Thursday into the largely state-controlled Hungarian power generation sector following suspicions that current purchasing practices contravene EU rules on state subsidies.
Gross room revenues at Hungarian hotels up 18% in October
Gross room revenues at Hungarian hotels increased by 18.0% in October 2005, bringing growth in the January–October period to 16.3%, the Central Statistical Office reported Wednesday.
GSK Pharma scoops
The local subsidiary of British pharmaceutical producer GlaxoSmithKline (GSK) was named Hungary's "Best Employer" among large companies in 2005, an increasingly prestigious prize handed out each year by Hewitt Inside Consulting and business weekly Figyelo.
Foreign trade deficit lower than expected at EUR 172 mln in September
Hungary's foreign trade deficit was EUR 172 mln in September 2005, lower than the EUR 288 mln figure in the same month last year and also better than analyst forecasts of EUR 271 mln.
State moves to secure future of 200-year-old porcelain manufacturer Hollohazi
One of Hungary's oldest porcelain manufactures will be reorganized by its state-run holders after a failed privatization bid earlier this month.
