Renewable energy company EETEK given go-ahead for HUF 26 bln wind turbine project
Budapest-based renewable energy company EETEK Hungary Rt has been granted the environmental permits needed to realize a HUF 26 bln (USD 125 mln) wind turbine project in Bagyogszovat and Harskut, the company announced.
Inflation slightly better than forecasts at 0.2% m-o-m, 3.7% y-on-y in September
Hungarian CPI rose 0.2% on the month and 3.7% year on year in September, according to figures released by the Central Statistical Office (KSH) on Tuesday. The annual rate is slightly better than consensus forecasts of 3.79-3.84%.
Privatization agency invites new tender for sale of Csepel Freeport
Hungarian privatization agency APV has invited a new tender for the sale of Budapesti Szabadkikoto Logisztikai Rt (BSZL), the operator of the Csepel Freeport in Budapest, following a previous tender that was ruled invalid in August.
EU warns Hungary about high budget deficit, formal warning likely to follow
Hungary has not done enough to curb its budget deficit, and the European Commission's (EC) next report on Hungary's budget is likely to contain a negative assessment, EU Economic and Monetary Affairs Commissioner Joaquin Almunia said Tuesday after meeting EU finance ministers in Luxembourg.
Business confidence at one-year high in September, says GKI
Consumer and business confidence in Hungary improved side by side in September, with improving prospects in the industrial sector boosting business confidence to a one-year high, research institute GKI said in its latest monthly confidence report.
