Finance Ministry to stick to 2010 euro target date in new convergence program
The finance ministry is to draw up a new convergence program for euro entry in 2010, finance minister Janos Veres told a conference of the Central European Business Center in Budapest on Thursday.
Renewable energy company EETEK given go-ahead for HUF 26 bln wind turbine project
Budapest-based renewable energy company EETEK Hungary Rt has been granted the environmental permits needed to realize a HUF 26 bln (USD 125 mln) wind turbine project in Bagyogszovat and Harskut, the company announced.
Inflation slightly better than forecasts at 0.2% m-o-m, 3.7% y-on-y in September
Hungarian CPI rose 0.2% on the month and 3.7% year on year in September, according to figures released by the Central Statistical Office (KSH) on Tuesday. The annual rate is slightly better than consensus forecasts of 3.79-3.84%.
Privatization agency invites new tender for sale of Csepel Freeport
Hungarian privatization agency APV has invited a new tender for the sale of Budapesti Szabadkikoto Logisztikai Rt (BSZL), the operator of the Csepel Freeport in Budapest, following a previous tender that was ruled invalid in August.
EU warns Hungary about high budget deficit, formal warning likely to follow
Hungary has not done enough to curb its budget deficit, and the European Commission's (EC) next report on Hungary's budget is likely to contain a negative assessment, EU Economic and Monetary Affairs Commissioner Joaquin Almunia said Tuesday after meeting EU finance ministers in Luxembourg.
