Europe Intelligence Wire articles from June 2005, page 597

Europe Intelligence Wire archives from June 2005

Argosz Biztosito adopts K+H name.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1, 2005 (MTI-ECONEWS) - Insurer Argosz Biztosito has adopted the name of the rest of its parent company's units in Hungary and will be called K+H Altalanos Biztosito from June 1, CEO...

Q1 foreign trade deficit revised downwards - extended.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1, 2005 (MTI-ECONEWS) - Hungary's first-quarter foreign trade deficit was EUR 569.3m, narrowing EUR 149.1m from the same period in 2004, the Central Statistics Office (KSH) reported on...

Budapest residents want more livable city, deputy mayor says.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1 (MTI)- The residents of Budapest want to have more parks, green areas, pedestrian zones and less noise in the city, the Deputy Mayor, Tibor Bakonyi assessed the findings of a public...

Legislation to accelerate metro project, says mayor.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1 (MTI) - All 14 stations of Budapest's fourth, planned underground line can be constructed within the same project, if Parliament adopts a new metro act in June, Mayor Gabor Demszky told...

Pannon GSM signs joint purchase agreement with Telenor's.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1, 2005 (MTI-ECONEWS) - Wireless services company ProMonte, Telenor's unit in Montenegro, will start taking advantage of the bigger purchasing power of its Hungarian peer Pannon GSM, which...

Share turnover drops 18.5pc from April to May.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1, 2005 (MTI-ECONEWS) - Double-counted share turnover on the Budapest Stock Exchange (BSE) dropped 18.5pc in May compared to April, amounting to HUF 607.51bn, the BSE announced on...

Opposition MPs walk out on committee investigating former PM's.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1 (MTI) - Deputies of the main opposition Fidesz party walked out on a parliamentary committee set up to look into the wealth of former Prime Minister Viktor Orban, on Wednesday. ...

Forint weakens on interbank forex market.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1, 2005 (MTI-ECONEWS) - The forint was trading at 254.20/30 to the euro on the interbank forex market on Wednesday afternoon, as against 253.60/65 on Tuesday, weakening 22 basis points in...

Q1 foreign trade deficit revised downwards.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1 (MTI ECONEWS) - Hungary's first-quarter foreign trade deficit was EUR 569.3m, narrowing EUR 149.1m from the same period in 2004, the Central Statistical Office (KSH) reported on...

Budapest exchange soars instock synod.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1, 2005 (MTI-ECONEWS) - Investors beatified Hungarian pharmaceuticals concerns with celestial share increases on Wednesday, while OTP bank was anointed with a morning megaswap worth HUF...

Amendments to Electricity Act make purchasing on deregulated.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1, 2005 (MTI-ECONEWS) - Amendments to Hungary's 2001 Electricity Act being discussed by Parliament would make it easier for companies to start purchasing on the deregulated market and...

Committee investigating PM's wealth holds first session.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1 (MTI) - Parliament's investigation committee, initiated by the main opposition Fidesz party to look into the assets of Prime Minister Ferenc Gyurcsany and his family, held its first...

Stadler-Transelektro wins MAV tender, Bombardier disqualified.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1, 2005 (MTI-ECONEWS) - A consortium of Switzerland's Stadler and Hungary's Transelektro has been declared the winner of a tender to supply light suburban rail vehicles to Hungarian...

Last NABI bus to roll out of Kaposvar plant next week.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1, 2005 (MTI-ECONEWS) - Bus maker NABI will soon shut down its factory in Kaposvar (SW Hungary), after the facility completes its last order for 100 buses for the city of Los Angeles, NABI...

Chemicals industry could become motor of growth, says.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1, 2005 (MTI-ECONEWS) - Hungary's chemicals industry could become a motor of growth for the country, considering Hungarian chemical companies' advantageous geographical position and the...

Hungary must boost green electricity output to meet goal.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1, 2005 (MTI-ECONEWS) - Hungary needs to add capacity to produce another 600GWh of electricity using renewable resources each year if green electricity is to account for 3.6pc of national...

Renault-Nissan sets up European distribution centre in Gyor.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1, 2005 (MTI-ECONEWS) - Car makers Renault and Nissan have set up a joint EUR 13m European distribution centre in the Gyor (NW Hungary) industrial park. The 19,000sqm distribution centre...

Underground economy makes up 16 pc of GDP.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1 (MTI) - Hungary's underground economy accounts for 16 percent of its GDP, though statisticians deny including this factor in GDP calculations, a senior researcher said on Wednesday. ...

North Ossetian children holidaying in Hungary.
June 1, 2005... (From Hungarian News Agency (MTI)) Moscow, June 1 (MTI) - Seventy-five children, almost all victims of the hostage drama in the North Ossetian town of Beslan last September, will arrive in Hungary on Friday for a two-week summer holiday,...

Fuel prices for transporters will fall, says government.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1, 2005 (MTI-ECONEWS) - The government will take an active part in achieving lower fuel prices for transport companies, government spokeswoman Boglar Laszlo announced after the cabinet...

Cabinet decides to sell 75pc-minus-one-share stake in Budapest.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1, 2005 (MTI-ECONEWS) - The government has decided to sell a 75pc-minus-one-share stake in Budapest Airport, the company that operates Ferihegy International Airport, government...

Government decision to sell Budapest Airport.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1 (MTI) - The government agreed to sell its portfolio of shares, representing 75 percent minus one vote in Budapest Airport, the company that operates Ferihegy International Airport,...

Statisticians admit they include estimated figures of black.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1, 2005 (MTI-ECONEWS) - Although statisticians are reluctant to confirm it, they consider the black economy when calculating the performance of the economy, it was said at a conference of...

Hungary, Ukraine to fight floods together.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1 (MTI) - Government commissioners of Hungary and Ukraine signed a protocol on a joint flood prevention scheme at the end of a two-day meeting in Nyiregyhaza, NE Hungary, on Wednesday. ...

Gov't decides to employ private capital for motorway.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1 (MTI) - The government decided to give green light to the construction of two new, highway and motorway, sections to be built in a public-private partnership, Economic Minister Janos...

WWII bomb discovered and disarmed by major railway station.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1 (MTI) - A Russian-made World War II bomb weighing about 100 kilograms was discovered at busy Eastern Railway Station in Budapest on Wednesday, forcing a shut-down of the entire area...

First Lady says good-bye to diplomatic corps wives.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1 (MTI) - First Lady Dalma Madl, wife of President Ferenc Madl whose five-year term of office expires in early August, informally said good bye to diplomatic corps wives during an...

Zoo marks World Environment Day with contests for kids.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1 (MTI) - The Budapest zoo is getting ready to celebrate World Environment Day with a series of children's programmes, it announced on Wednesday. It chose to hold the event on Monday,...

Minister appoints drugs commissioner.
June 1, 2005... (From Hungarian News Agency (MTI)) Budapest, June 1 (MTI) - Kinga Goncz, minister of youth, family, social affairs and equal opportunity, appointed Katalin Felvinczi, head of the National Drug Prevention Institute, commissioner in charge...