Hungary’s government has picked the state highway manager, AAK Zrt., to build an electronic road toll network by July 1, Napi Gazdasag reported, citing National Development Ministry deputy state secretary Vilmos Valyi-Nagy.
Investor anxiety that the Hungarian government’s self-described unorthodox economic policies will spread to the central bank with a new Magyar Nemzeti Bank chief named this year are unjustified, BNP Paribas SA said.
Magyar Telekom Nyrt. gained for a fifth day, the longest rally in almost 10 months, after Napi Gazdasag reported that its T-Systems unit may win a tender for the construction of an electronic toll system.
Hungary is preparing to cut staff levels at budget-funded institutions by 5 percent and at supporting institutions by a further 10 percent, Napi Gazdasag reported, citing Jozsef Feher, secretary-general of the Hungarian Civil Servants Association.
Magyar Telekom Nyrt., the Hungarian unit of Deutsche Telekom AG, dropped for the first time in six days after Bitport reported the company’s T-Systems unit is set to lose a tender to supply an electronic road toll system.