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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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 Sunday 07 September 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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'Auto Sales Figures Down' by Robin Marshall
"Hungary matched the European-wide trend in June which continued the recent slowdown in the European car market, with a drop of 8.2% (131,876 units) compared with the same month last year, posting a total sales volume of 1,389,418 units, according to industry analysts JATO Dynamics. more »

Forint Loses Hand In Hand With Regional Currencies
Forint Loses Hand In Hand With Regional Currencies
"Hand in hand with the South African rand, the Turkish lira and the Polish zloty, the Hungarian forint altogether lost approximately 0.5% today against the euro, with a major slump followed by a small correction. more »

OMV Revokes Declaration Of Intent For Merger With Hungary's MOL
OMV Revokes Declaration Of Intent For Merger With Hungary's MOL
"OMV has revoked its intention published on September 25, 2007 to make an offer to shareholders of MOL of HUF 32,000 per share . The motive behind the move is that the European Commission had indicated it would not accept commitments that OMV had proposed; since other commitments would be unacceptable to OMV, OMV has decided to withdraw the merger notification filed with the European Commission on January 31, 2008 . more »

Let's Not Convert Our Forint Holdings Into Euros Just Yet!
Let's Not Convert Our Forint Holdings Into Euros Just Yet!
"While the forint firmed to all-time highs against the euro in July, fund managers polled by Portfolio.hu do not expect a marked depreciation of the Hungarian currency to start in the next three months. more »


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