INTERFAX - Hungary Business news report of 13.06.2008

NEWS

IMF calls on Hungary to stick to 3% inflation target, continue reducing budget deficit

STATISTICS

Hungary’s industrial output rises 6.5% y/y adjusted in April – final data

Hungary’s CPI inflation accelerates to 7.0% y/y in May, above expectations

Hungary’s fiscal budget surplus 97.5 bln in May, higher than expected

COMPANY NEWS

MANUFACTURING

German auto supplier Knorr-Bremse to build HUF 10 bln plant in Hungary

REAL ESTATE

Hungarian real estate fund assets drop 1.3% m/m in May to HUF 568 bln – fund association

U.K.-based office provider Regus boosts Romanian operations due to high demand

Polish developer Echo Investment to launch HUF 40 bln Hungarian mixed project in spring 2009

Hungarian developer Ablon to invest EUR 280 mln in Romanian office project near airport

Hungarian developer Futureal plans EUR 250 mln high-rise office complex in Budapest

PRESS: Norway-based investment fund RI to continue buying new homes in Romania

PRESS: Romanian property firm Urbanna to invest EUR 20 mln in residential projects

U.K.-based office provider Regus to continue expansion in Hungary

U.K investment fund Fabian, Hungarian developer SCD to build EUR 43 mln Romanian projects

Romanian developer Impact forms JV with city of Cluj to build EUR 600 mln residential project

PRESS: Romanian developer Glina to expand Bucharest residential development

PRESS: Lithuanian developer Hanner to build EUR 50 mln residential project in Romania

Romanian developer Tiriac Imobiliare to invest EUR 900 mln by end-2010

Austria’s GLD Invest passes up Budapest office market as margins shrink

PRESS: German investment fund Degi buys Romanian commercial center for EUR 147 mln

PRESS: No real estate bubble in Romania – central bank governor

ENERGY NEWS

OIL & PETROCHEMICALS

Romanian oil firm Rompetrol’s Vega refinery turns to EUR 2.9 mln loss in Q1 2008

PRESS: Romanian oil firm Petrom to export gas through Hungary

PRESS: Share swap between Hungarian oil firm MOL, Croatia’s INA a possibility – Croatian gov’t

Hungarian retail fuel prices to remain unchanged at all-time highs for third consecutive week

GAS

Hungarian gas trader Emfesz admits to slow household gas service start

Hungarian gas pipeline operator Foldgazszallito to invest HUF 69 bln in capacity expansion

PRESS: Hungarian oil firm MOL to revise Romanian fuel supplies

PRESS: Romanian oil firm Petrom mulls construction of 2 bln cbm gas depot for Nabucco

PRESS: Hungary, U.S. disagree over Iran’s, Russia’s role in planned Nabucco gas import pipeline

HEAT, POWER & SEWAGE

Hungarian grid operator Mavir selects Romania’s OPCOM to supply electricity exchange platform

PRESS: Romanian gas firm Romgaz to enter electricity production

EMERGING MARKETS NEWS HIGHLIGHTS

Referendum on Ukraine’s membership in NATO may happen in two or five years - US ambassador

Gazprom mulls expansion of Nord Stream to more than 55 bcm of gas per year

Russian court orders new legal proceedings in Katyn massacre case

Lithuania, Poland, Ukraine to set up joint battalion by 2010

TNK-BP president summoned to Russian prosecutor’s office, fails to show in person

FINANCIAL MARKETS

EQUITIES

Budapest Stock Exchange share trading 06–13/06/2008

Budapest Stock Exchange, Indices, 06–13/06/2008

FIXED INCOME

Hungary fixed income benchmark yields 06–13/06/2008

Hungary fixed income benchmark yields 13/06/2008

CURRENCY

National Bank of Hungary official exchange rates 06–13/06/2008

MONEY MARKET

National Bank of Hungary official interest rates – 13/06/2008

Nb: This news report features only the headline of each news