Entrepreneurs and industrial firms appeal to the government to speed up reforms. They want the government to determine the deadline for introduction of the Euro, simpler taxes and greater focus on reforms in education and science.
According to Russian media, Russian government is interested in CSA takeover. The airline could be taken over by or a different company. Deputy Prime Minister of the Russian government allegedly mentioned a planned participation in privatisation of CSA and Letiste Praha.
The Central Bank of Hungary left interest rates unchanged. The basic rate remains at 7.5%. The market had diverse opinions whether rate changes will be introduced already in October or in November.
German consumers´ prices have decreased by 0.2% m/m in October, while inflation was at 2.4% y/y, according to preliminary data.
Producers´ price index in Hungary declined by 2.7% in September following a decline in August by 2.3%.
European Commissioner Almunia says that USA must support the dollar. According to him, there are fears that excessive volatility of the conversion rates may have serious impact on the Eurozone economy.