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On Wednesday the Hungarian government has put an end to the lingering drug price controls debate when it came to terms with pharmaceutical companies. In the following Concorde Securities analyses the implications of the agreement on Richter, Egis and the central state budget. more health & wellness news »Hungary's recent economic data is expected to prompt the central bank (NBH) to slow the pace and extent of expected interest rate cuts this year, the latest monthly poll of 15 analysts by Reuters showed on Thursday.
more business & finance news »Tobacco manufacturer Philip Morris Hungary Kft is expected to announce a plant shut-down in Eger today, according to daily Magyar Nemzet. A trade union meeting will be held today, according to unnamed sources. more business & finance news »The Ministry of Agriculture and Rural Development has launched a three-year, Ft 3 billion grant scheme to provide financial support for R+D programs in an effort to develop marketable products, technology or services in the farming and food industry. more business & finance news »Yesterday, the State Audit Office (ÁSZ) announced the results of its investigation of Magyar Posta Rt. According to ÁSZ, Magyar Posta made a number of grave investment mistakes between 1999 and 2003, and failed to make much needed improvements to the quality of core services, leading to a loss of Ft 5.7 billion. more business & finance news »Econet Rt's stock fell nearly 10% yesterday at the Budapest Stock Exchange Rt (BÉT), with prices down to Ft 109 per share from Ft 134 a week ago. more business & finance news »Hungary’s government agreed with drugs producers on Wednesday on price controls. Health Minister Mihály Kökény told later in the day that drug prices were to be increased only when the forint eases to levels above 267.00 to the euro from the base level of 251.24. A price hike may not be effectuated more than once a year. more health & wellness news »The Hungarian subsidiary of Swiss publisher Ringier will build a printing facility in the Harbor Park logistics center in Budapest's Dist. 22, Harbor Park announced yesterday. more current affairs news »Matáv Rt has signed an agreement with media group IKO Media Csoport on setting up a joint holding company which will provide interactive solutions and premium SMS services, as well uniting their stakes in Hungarian commercial TV channel RTL Klub, Matáv announced yesterday. more it & telco news »Slovakia and Hungary have settled a long-standing dispute over Tokay wine. A trilateral agreement was signed by the Slovak and Hungarian Agriculture Ministers and a representative of the European Commission (EC) on Monday. more news »Ireland staged its biggest literary carnival on Wednesday, drawing thousands onto Dublin's streets for the centenary of "Bloomsday" -- the day set in fictional stone by James Joyce in his epic novel "Ulysses". more community & culture news »Home savings bank OTP LTP signed 83,000 new contracts worth Ft 122 billion in the first five months of 2004, accounting for 74% of the value of new contracts and giving it a 50.3% market share, OTP LTP announced yesterday. more business & finance news »Hungary's central bank (NBH) could further cut interest rates if the government makes its program for reducing the budget deficit credible among investors, NBH Governor Zsigmond Jarai said on Wednesday. more business & finance news »Swedish telecommunications equipment producer Ericsson plans to open a research and development center in Budapest in the Lágymányos Sience Park, according to unnamed sources. The agreement about the investment will be signed today in Sweden by IT Minister Kálmán Kovács and the Swedish company. more it & telco news »
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