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Expat Life in Budapest, Hungary - News, Events, Movies, Restaurants, Jobs, Schools, Sport, Clubs in the Hungarian Capital
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 Saturday 30 August 2008
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Expat Life in Budapest, Hungary - News, Events, Movies, Restaurants, Jobs, Schools, Sport, Clubs in the Hungarian Capital

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Nat. Bank of Hungary to vote “No
"Both external and internal factors come into play in analyst expectations of the National Bank of Hungary to postpone a base rate cut previously expected to take place on August 27, an analyst poll conducted by Portfolio.hu reveals. more »

Plaza Centers agrees to sell Arena Plaza for about EUR 400 m
Plaza Centers agrees to sell Arena Plaza for about EUR 400 m
"Plaza Centers N.V., a leading emerging markets property developer, has announced that it has executed a binding agreement for the sale of its Arena Plaza shopping and entertainment centre in Budapest to UK based Active Asset Investment Management (aAIM), one of the UK's fastest growing commercial property investment groups. more »

International markets see forint weakened while Hungary celebrates
International markets see forint weakened while Hungary celebrates
"Compared with the hectic ups and downs witnessed last week, the Hungarian currency had a relatively quiet day in London and overseas yesterday while the local market was closed due to a bank holiday. The EUR/HUF rate remained below the 260 mark, while USD/HUF quotes bounced back down from 193. more »

Csaba Kákosy to replace János Kóka as Hungary's Economy Minister?
Csaba Kákosy to replace János Kóka as Hungary's Economy Minister?
"Head of the Economy and Transport Ministry's Office Csaba Kákosy dismissed news of his impending promotion to minister as “speculation" in an interview with business daily Világgazdaság. The appointment of a new minister is not expected to take place in the immediate future, however the newspaper considers Kákosy as a likely candidate with a good track record. more »


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