Finance ministry expects HUF 46 bln budget deficit in October, stands by year-end target
The finance ministry expects the state budget to show a consolidated deficit of HUF 46.1 bln in October, state secretary Tamas Katona announced.
Coalition parties agree on capping spending in 2006, targeting 2010 euro entry
The coalition parties of the Hungarian government said on Monday that they have agreed not to raise the expenditure side of the 2006 budget, and to target 2010 as the date for eurozone entry. "The parties in the coalition have agreed not to propose raising any of the expenditures in the 2006 budget draft, paving the way to meet the Maastricht criteria by 2008 and introduce the euro in 2010," government spokesman Andras Batiz told reporters.
Car maker Audi's revenues up 5% in Hungary to EUR 3.17 bln in Q1–Q3
Audi Hungaria Motor Kft, the Hungarian subsidiary of the German automotive firm, recorded revenues of EUR 3.17 bln in Q1–Q3, the company announced.
New car sales decline 5.6% in Q1–Q3 – Suzuki still market leader
New care sales in Hungary continued to decline in the first nine months of 2005, down 5.6% on the year, following a drop of 0.2% in 2004 overall, according to figures released by the Hungarian Car Importers' Association (MGE).
Average Budapest office rents stabilize at EUR 10.5–15 per sqm
Average Budapest office rents have stabilized at EUR 10.5–15 per square meter per month, according to a report released by real estate agent Jones Lang LaSalle (JLL).
