Monetary Council of the Central Bank (NBH) has reduced the base rate to 6.25 pct by 25 bp. "Global risk-taking appetite has been negatively influenced by the downgrade of Greece, the Dubai debt repayment issue and the nationalization of an Austrian bank. These developments have influenced Hungary's risk rating: the yields of longer-tem government securities have risen, just as the yields of our international forex bonds and the country's CDS premium, and the forint exchange rate has weakened slightly," said Governor of NBH Mr András Simor.
The EU-funded project aimed at fully constructing the sewage system in Hatvan and its surrounding region has reached its final phase.Under the third phase of this project the sewage system is being fully developed in the settlements of Apc, Ecsed and Szucs, as well as parts of Hatvan, where no such network existed earlier.. Once this development is implemented, more than 4,600 households will be connected to the new network, creating a modern and healthier environment.
Two projects were partially handed over on December 18 within the framework of the Pécs 2010 European Capital of Culture (ECC) program.The building housing the Regional Library and Knowledge Centre, as well as the adjacent road, parking lot and garden is being developed, which extends to include the procurement of all necessary equipment, within the framework of the project "Setting up the Southern Transdanubian Regional Library and Knowledge Centre" handed over on 18 December and costing nearly HUF 5.5 billion to complete.The integrated municipal county library, as well as the central university library, together with the law and economics faculty library, will be accommodated in this new building. By providing library services in this building, it will become possible to operate services in a standardized and cost-efficient manner.
The HUF 85-billion program, under which 8 pole hospitals will be developed, is the most significant New Hungary Development Plan (NHDP) healthcare investment to date. Alongside the assistance contracts signed so far, the assistance contracts of another two hospitals have just been signed, which enables investments to get underway in Gyor and Nyiregyhaza as well.The call bearing the title "Infrastructure Development in Healthcare Poles", earmarked an extended framework amounting to a total of HUF 85 billion, is the highest value call announced under the Hungary Development Plan.These developments contribute to establishing peak institutions offering state-of-the-art services in every region. The procurement of medical equipment and technologies as well as the significant upgrading of the IT system complement this building investment.
A modern rainwater drainage system and outlet lake has been developed in Makad under the New Hungary Development Plan (NHDP) with a funding of approximately HUF 135 million, which investment was ceremoniously handed over on 17 December.The implementation of 101 municipal and outer area drainage projects are currently in progress under the New Hungary Development Plan, for which funding amounting to over HUF 20 billion has been approved.
The European Commission will support the construction of the M43 road between Szeged and Makó, near Hungary's border with Romania, with HUF 42 billion, State Secretary at the National Development and Economy Ministry László Varju said on December 17.The 7.6-kilometer road will have five roundabouts and one bridge spanning the Tisza River.Hungarian state co-financing for the project will be 10 pct of its total cost.The project is the 14th largest, EU-supported investment project which was approved by the European Commission, Mr Varjú said. Together the approved projects are worth HUF 750 billion, including HUF 500 billion in EU development funding.Hungary has submitted a total of 29 big projects for approval to Brussels.
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