Pannon GSM second mobile provider to launch commercial 3G in Hungary
Hungary's second largest mobile provider Pannon GSM, a subsidiary of Norway's Telenor, launched commercial 3G broadband mobile services in downtown Budapest as of Monday, following a four-month trial period.
Twin deficits, forex lending main destabilizing factors in financial system, says MNB head
While Hungary's financial system remains strong, its stability may be undermined by risks arising from increased lending activity and from negative changes in the macroeconomic environment, according to the findings of Hungary's central bank MNB in its quarterly Report on Financial Stability.
Pickup in new orders boosts PMI by 1.6 pp on the month in September
Hungary's Purchasing Manager Index (PMI) was up 1.6 pp on the month in September, according to figures released by the Hungarian Association of Logistics, Purchasing and Inventory Management (MLBKT).
Gas prices for industrial consumers to rise by 19% from November
End-user prices for non-household consumers of natural gas will rise by an average 19% from November 1 based on the decision of the Minister of Economy and Transport, MOL Hungarian Oil and Gas Company announced. Prices for household consumers, however, will remain unchanged.
Hotel sector sees surprise boost in September - revenues up 31%
Making up for a somewhat lackluster August, Hungary's hotel industry posted impressive growth rates in September, led by Budapest hotels, according to data released by the Central Statistical Office (KSH).
