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Eurozone entry may happen in 2013 according to Reuters poll
bbj.hu
Friday, July 21, 2006, 06:32
Analysts in a poll published by Reuters yesterday said Hungary would adopt the euro in 2013, well past the government's 2010 target. Six of twelve analysts in the poll said Hungarians would join the eurozone in 2013. The other six were equally divided over a euro adoption date in 2012 and 2014. None of the analysts thought the government's 2010 target date was achievable. The analyst’s forecast for the fiscal deficit was lower than the government's projection for the first time in years. They put the general government deficit at an unadjusted 8.5% of GDP in 2006 and at 5.6% of GDP in 2007. Adjusted for the effect of pension reform, the analysts projected a deficit of 7% of GDP in 2006 and 4.7% of GDP in 2007, under the government's respective targets of 8% and 5%. (Econews, Magyar Hírlap)
Construction industry association EVOSZ is urging the government to make funding for investments at SMEs available sooner, association chairman László Koji told state news agency MTI.
The EU remains an attractive destination for Chinese tourists, and while the U.K. is still the most popular looking at sheer numbers, Hungaryʼs 25.1% growth in arrivals in 2018 puts the country in third place in terms of relative growth, according to a press release from air travel analyst ForwardKeys.
Tesla, the American automotive company that specializes in electric cars, plans to open a dealership salon in Budapest, near Petőfi Bridge, according to a report on current affairs news portal hvg.hu.
Hungarian electronic music festival Balaton Sound has said it will rerun its so-called “Safety First” initiative, originally launched last year to help young people become more conscious and secure, according to a press release sent to the Budapest Business Journal.
Fourth-quarter after-tax profit of Magyar Telekom (MTel) rose 49% year-on-year to HUF 7.7 billion, supported by higher sales and one-off revenue from the sale of the telcoʼs old headquarters, according to an earnings report released late Wednesday, state news agency MTI reported.
Gránit Pólus Group has named Attila Prosits as its business development director, after he headed the capitalʼs WestEnd City Center mall successfully for nearly ten years, according to a press release sent to the Budapest Business Journal.
Gránit Pólus Group has announced the appointment of Simona Ioana Ion as property management director of Budapestʼs WestEnd City Center shopping mall, according to a press release sent to the Budapest Business Journal.
Wages at Budapest Airport and its subsidiaries are set to increase by 12.8% on average, as the airport reached an agreement with business councils and trade unions about base wages and bonus increases, according to a press release sent to the Budapest Business Journal.
Budapestʼs Central European University (CEU) and international network Scholars at Risk have been jointly awarded the 2019 Politiken Freedom Prize for "protecting scholars and the freedom to think, question and share ideas," according to a press release sent to the Budapest Business Journal.
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