Vegyépszer Zrt, one of the largest industrial property developing company of Hungary lays off 250 workers, which is almost 30 % of the workers.
Approximately eight hundred Slovakian employees gave their renounciation in the Suzuki factory in Esztergom hoping to receive three months payment, reported Slovakian Új Szó.
The representatives of the Hungarian Develpment Bank and the Japanese SBI Holding Inc signed a declaration of interest in creating a Japanese-Hungarian venture capital fund of EUR100 million, reported Hungararian economical daily, Világgazdaság.
The Hungarian budget policy is adequate, concluded James Morsink leader of the delegation of the International Monetary Fund (IMF). The IMF analysts came to examine the fiscal policy measures taken since the loan agreement have been concluded between Hungary and the IMF in November.
|
As expected the Parliament accepted the 2009 budget with 209 votes in favor and 171 against. Liberal SzDSz kept its promise and voted with the government in favor of the budget. The main number were set; the revenue is Ft8,300.2 billion, the expense is Ft8,961 billion while the deficit is set at Ft660.8 billion.
Refugees are a symbol of our turbulent times. As each new conflict erupts, the world’s newspapers and television screens are filled with pictures of masses on the move, fleeing from their own countries with just the clothes on their back and the few possessions they are able to carry.
The market conditions which major world economies have been experiencing over the past 3 months have battered even the most experienced investor. The ‘perfect storm’ of mortgage-backed investments, falling real estate prices, failing retail and investments banks, and imploding equity markets, has once again reminded investors that markets can turn, and turn quickly.
|
|
|
|
|
News
György Budaházy, extreme right leader, wanted to protest against Hanuka in front of the Dohány utca Synagogue on December 18, reported Hungarian Daily, Népszabadság. Budaházy requested permission for the demonstration, as a private person which was refused by the police on the basis that it would cause traffic problems.
Within a couple of days two foreign students were victims of crimes in Budapest. Ophélie Bretnacher 22 year old French Erasmus student went missing on December 4, while walking home from Portside de Cuba, a downtown club around 3 am.
János Kóka was elected as faction leader of liberal SzDSz again. Kóka won by four votes against József Gulyás.
|
|
|
