Magyar Telekom group, government sign contract on emergency radio system
The Prime Minister's Office and the consortium of Hungary's dominant telecom firm Magyar Telekom (MT) and its mobile arm T-Mobile signed on Thursday a contract to set up and operate a digital radio communications network for Hungary's emergency services (EDR).
Monetary Council leaves base rate unchanged at 6.00%, in line with expectations
The Monetary Council of Hungary's central bank MNB decided at its Monday meeting to leave the base rate unchanged at 6.00%. The move, which was in line with market expectations, was driven by concerns over a fragile global investment climate and fiscal worries.
Korea's Hankook Tire picks Hungary as preferred site of EUR 500 mln investment
Korean tire manufacturer Hankook Tire has chosen Hungary as the preferred site for an investment worth an estimated EUR 500 mln, Hungary's Ministry of Economy and Transport announced in a statement.
Media provider UPC plans to launch digital TV services in Hungary next year
UPC Hungary, a provider of "triple-play" media and telecom services, plans to launch digital cable TV services in 2006, the company announced on Monday.
Bank card transactions in Hungary rise 9% to HUF 2.44 trln in H1 2005 - MNB statistics
The total value of transactions carried out with bank cards in Hungary reached HUF 2.44 trln (USD 11.5 bln) in the first half of 2005, up 9% compared to the same time previous year, according to a report by central bank MNB on the bank card sector.
