Development bank MFB signs EUR 100 mln refinancing deal with EIB
State-owned Hungarian development bank MFB has signed a EUR 100 mln refinancing deal with the European Investment Bank (EIB), the MFB announced in a statement Wednesday.
Retail sales up 7.3% y-on-y in September
Hungarian retail sales were up an adjusted 7.3% year-on-year in September, according to data released by the Central Statistical Office (KSH) Wednesday.
No. 1 mineral water firm Szentkiralyi unites with fruit juice leader Sio against multinationals
Hungary's market leading mineral water firm Szentkiralyi announced Thursday that it has joined forces with the country's leading fruit juice manufacturer Sio-Eckes in order to ward off competition from multinationals.
Network expansion costs bring 15% decline in profits for Raiffeisen Bank in Q1–Q3
Net income at Austrian banking group Raiffeisen's Hungarian unit Raiffeisen Bank Rt came in at HUF 13.3 bln (USD 68 mln) for the first nine months of 2005, down 15% from the period last year, as the costs of dynamic network expansion took their toll on the bottom line.
Construction output jumps 37% y-o-y in September, led by road and utility works
Construction output in Hungary was up 37% year on year in September 2005, according to both unadjusted and working day adjusted figures released by the Central Statistical Office (KSH) Monday. This brings growth in the first nine months of the year to 17.4%.
