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 "The negotiations with the IMF this autumn, mentioned in the recent announcement of the Ministry of Economy, are only the regular economy policy consultations the multilateral institution holds with all member states, the latest press release of the Hungarian Ministry of Economy emphasized. It is difficult to interpret the events of the past 20 hours. more » "As a result of general pessimism on the international markets, the Swiss franc strengthened in several waves against the euro today. The negative data published in the US this afternoon, resulted in a record strong Swiss franc against the euro. This is bad news for those taking out Swiss franc denominated loans. One franc cost almost 218 forints. more » "Pannonia Ethanol Zrt. has broken ground on Hungary's largest and most environmentally friendly bio-ethanol production facility in Dunaföldvár. The plant is scheduled to begin production in 2011 and will produce 240 million liters of bio-ethanol a year. It will use 575,000 metric tons of corn annually, contributing to a more stable and long term market for Hungarian corn which will help increase rural incomes. more » "The financial supervisory Pszáf is advising savings co-operatives to send balance information letters to clients from a central source, rather than from branches, after discovering evidence of abuse by savings co-operatives employees. more »|
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