Analysts expect slowdown in monetary easing after latest 25 bp rate cut
Following a 25 basis point base rate cut to 6.0% by Hungarian central bank MNB on September 19, analysts expect a slowdown in the monetary easing trend, resulting in a 5.5–6.0% rate at the end of 2005.
Government submits tax reform proposals to parliament
The government has put its 2006 tax reform proposals before parliament, finance minister Janos Veres announced in Budapest on Monday.
Telecom authority passes decrees to boost competition on ADSL, leased line markets
The National Telecom Authority's Council (NHHT) has passed resolutions pertaining to four wholesale markets of the fixed-line telecom market, naming significant market players (SMP) and passing pricing guidelines in each segment, the Council announced in a statement Tuesday.
Real wages rise 5.2% in July 2005
Wages in Hungary continued to rise dynamically both in gross (7.6%) and in net (9.1%) terms in July 2005, when compared to the same month last year, according to figures released by the Central Statistical Office (KSH).
Audi inaugurates EUR 40 mln tool plant in western Hungary
German car manufacturer Audi inaugurated on Friday a new machine tool plant in the western Hungarian town of Gyor, the company announced Friday. The event was attended by Hungarian prime minister Ferenc Gyurcsany.
