Inflation falls to 3.2% y-o-y in October – below expectations
Hungarian inflation was some 0.4 pp lower than expected in October 2005, with consumer prices unchanged on the previous month and rising only 3.2% year on year, down from 3.7% in September, according to figures released by the Central Statistical Office Friday.
Russian companies planning listing on Budapest Stock Exchange
Several Russian companies are considering floating their shares on the Budapest Stock Exchange (BSE), Valery Musatov, Russia's ambassador to Hungary, said on Friday after conducting talks with the chairman and the CEO of the BSE, according to a statement released by the stock exchange.
State moves to secure future of 200-year-old porcelain manufacturer Hollohazi
One of Hungary's oldest porcelain manufactures will be reorganized by its state-run holders after a failed privatization bid earlier this month.
EU investigates Hungary's electricity sector over breach of state subsidy laws
The European Commission launched an investigation Thursday into the largely state-controlled Hungarian power generation sector following suspicions that current purchasing practices contravene EU rules on state subsidies.
GSK Pharma scoops
The local subsidiary of British pharmaceutical producer GlaxoSmithKline (GSK) was named Hungary's "Best Employer" among large companies in 2005, an increasingly prestigious prize handed out each year by Hewitt Inside Consulting and business weekly Figyelo.
