Big investment talk promises bigger investment actionThe days of Communist-era prefabricated hotels, poor quality “Zimmer frei” bed and breakfasts and dingy sausage stalls will become a thing of the past if the ambitious plans of a Hungarian company come to fruition. SCD Holding, a property development and management company, plans to turn Balaton into an attractive holiday destination. SCD will invest more than HUF 100 billion (EUR 395.01 million) in a total of 28 projects near the lake by 2014. The projects at 21 locations around “Hungarian Sea” would create some 20,000 new hotel beds, 600 to 800 modern bungalows, 2,200 to 2,600 camp site spaces and 260 to 300 new landing stages for yachts. Large-scale theme and amusement parks are also envisaged.

MNB Monetary Council proving itself with steady approachIt is two weeks since the central bank rate decision on 22 May and the National Bank of Hungary (MNB) inflation report published on the same day, yet the development of monetary policy and related expectations are still the main driving factors on the forint and bond markets. This should give no cause for surprise. Firstly, market surveys carried out prior to the decision reflect the division of opinion among analysts, and, secondly, the latest inflation forecast of the MNB caused a negative assessment.

Hunt on for tax-dodging politicianFollowing the publication of an editorial in the May edition of Manager Magazin that contained allegations of financial impropriety by an unnamed government politician, the deputy leader of the conservative Hungarian Democratic Forum (MDF) has called for the Prime Minister to deal with the case and name the politician in question.