CEOL
Hungary

Press Digest


BUDAPEST, Jan 23, 2000 -- (Reuters) Here are highlights of stories reported by Hungary's press, based on information by Nepszabadsag's Hungary Around the Clock service.

ALL PAPERS

- Talks between MAV management and railway unions on Thursday seemed to move ahead after months of deadlocked negotiations.

- The Prime Minister's Office plans to submit a motion on political parties' use of state properties, having prepared a summary which found that the Socialists occupy 79 percent of the 434 state-owned properties for which no rent is charged.

NEPSZABADSAG

- Ervin Demeter, political state secretary to the secret services minister, and Jeno Manninger, political state secretary at the Transport Ministry, have quit the Democratic Forum.

- High schools should also commemorate the victims of communism, not only those of the Holocaust, Smallholder deputy group leader Bela Horvath proposed to the education minister.

- There are over 40,000 homeless in Hungary, according to estimates.

NAPI MAGYARORSZAG

- Prime Minister Viktor Orban will fly to Bulgaria on Saturday for a meeting of prime ministers of countries bordering Yugoslavia.

***BUSINESS AND FINANCE***

ALL PAPERS

- Economics Minister Gyorgy Matolcsy spoke of a 'Hungarian New Deal' before members of the Association of Employers and Manufacturers in Budapest on Thursday.

- Analysts unanimously consider inflation to be the achilles heel of the Hungarian economy, according to the results of a Reuters survey published on Thursday.

- The effects of Wednesday's interest rate cuts by the National Bank of Hungary were felt on both the state securities and inter-bank markets, with yields on the 12-month discount treasury bills falling 140 basis points at Thursday's auction.

- North American Bus Industries (NABI) has purchased Optare Group, Britain's third largest bus manufacturer. The fact that the British plant is working at full capacity means that in the short term some production will be moved to Budapest.

- The government will not allow consumer drug price increases of more than six percent this year, Health Minister Arpad Gogl said on Thursday.

- At a meeting of K&H Bank Board of Directors on Thursday, strategic owners Kredietbank proposed a 10 billion forint capital increase.

- The State Privatisation Agency auction of BorsodChem shares was more than five times oversubscribed on Thursday.

NAPI GAZDASAG

- Construction industry output was up 3.8 percent by volume month-on-month in November and 9.1 percent year-on-year.

- The State Banking and Capital Markets Supervision on Thursday approved the public offer by French Perrier Vittel to buy all remaining shares in the mineral water company.

- The Budapest Stock Exchange secretariat has completed its evaluation of the 65 companies registered on the exchange.

NEPSZABADSAG

- Janos Kiss, CEO of troubled dairy processor MiZo on Thursday promised producers that all outstanding payments will be transferred.




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