Hungary, Factors to watch, Aug 11

BUDAPEST | Tue Aug 11, 2009 1:57am EDT

BUDAPEST Aug 11 (Reuters) - Following is a list of events in Hungary and the region, as well as news stories and press reports which may influence financial markets.

The Hungarian press digest is at the end of this item.

(For any queries: Budapest editorial +361 327 4745)

WHAT IS HAPPENING IN HUNGARY ALL TIMES GMT

BUDAPEST - Statistical office to publish July consumer inflation figures (0700)

BUDAPEST - Finance Ministry news conference on July budget data and budget trends (0830).

BUDAPEST - Government to auction 40 billion forints ($210.6 million) worth of three-month Treasury bills, results at 0930

BUDAPEST - Central bank to sell two-week bills at weekly tender, results at 1010

IN THE REGION

BRATISLAVA - The Statistics Office to publish June foreign trade data (0700)

BUCHAREST - The National Statistics Board will release inflation data for July.

BUCHAREST - Finance Minister Gherorghe Pogea holds news conference at 0730 GMT to comment on the first IMF review of its loan to Romania during a mission which ended on Monday.

PRAGUE - June industrial and construction data (0700)

PRAGUE - Harvest estimate (0700)

PRAGUE - June current account balance data (0800)

WARSAW - Poland's stat office releases foreign trade data for Jan-Jul period.

IN THE NEWS REUTERS

Roma killings could destabilise Hungary - president

Hungarian President Laszlo Solyom on Monday condemned attacks on Gypsies, or Roma, and said the incidents could undermine the country's stability.[ID:nLA330744]

Elcoteq to cut 700 staff at Hungarian unit

Finnish electronics group Elcoteq ELQAV.HE will cut about 700 staff at its manufacturing unit in Pecs in southwest Hungary, it said on Monday.

IN THE NEWS

BAJNAI CALLS FOR BLOCKING NEO-NAZI DEMO

Budapest and Hungary must not become a haven for neo-Nazis, and the planned neo-Nazi demonstration in Budapest in Aug. 15 must be prevented, Prime Minister Gordon Bajnai told a meeting of the Socialist caucus on Monday.

Meanwhile deputy caucus leader Istvan Gondor said the Socialist parliamentary group was united behind the 3.8 percent deficit target for next year. The caucus will hold an informal meeting on Aug. 19.

LEASING MARKET COLLAPSES IN Q2

The total value of leased assets was only HUF 226 billion in the second quarter, down 70 percent year-on-year, from HUF 614 billion. The number of leasing contracts dropped by some 75 percent.

(Source: taken from Nepszabadsag's Hungary Around the Clock service. Reuters has not verified these stories and does not vouch for their accuracy.)

(Reporting by Krisztina Than)

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