Korea's Hankook Tire picks Hungary as preferred site of EUR 500 mln investment
Korean tire manufacturer Hankook Tire has chosen Hungary as the preferred site for an investment worth an estimated EUR 500 mln, Hungary's Ministry of Economy and Transport announced in a statement.
Monetary Council leaves base rate unchanged at 6.00%, in line with expectations
The Monetary Council of Hungary's central bank MNB decided at its Monday meeting to leave the base rate unchanged at 6.00%. The move, which was in line with market expectations, was driven by concerns over a fragile global investment climate and fiscal worries.
Unemployment up a notch to 7.3% in July-September
Hungary's unemployment rate was 7.3% in the period July-September 2005, up 0.1 percentage point compared to the June-August period, and slightly higher than average of the year to date, according to figures released by the Central Statistical Office (KSH).
Vodafone dominates Hungary's mobile race in September as overall penetration reaches 90%
Vodafone Hungary was once again the country's most successful mobile phone provider in terms of customer acquisitions in September, increasing its market share from 20.60% to 20.92%, according to figures released by the National Communications Authority (NHH) on Thursday.
Gross wages up 6.9% in August, 10% in first eight months of 2005
Wages in Hungary rose by 6.9% in gross and 8.6% in net terms in August 2005 when compared to the same month last year, according to figures released by the Central Statistical Office (KSH).
