Hungary, Factors to watch, Aug 10

BUDAPEST, Aug 10 (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 - Central bank to hold 3-month, 6-month EUR/HUF and one-week EUR/CHF swap tenders, results at 0930 and 1000

BUDAPEST - Central Bank non-rate-setting meeting (1200)

BUDAPEST - President Laszlo Solyom to meet PM Bajnai about recent attack on Roma at 1300.

IN THE REGION

BUCHAREST - The finance ministry tenders 1.2 billion lei in one-year treasury bills.

BUCHAREST - The National Statistics Board will release foreign trade data for June.

BUCHAREST - An IMF mission to review Romania's 20 billion euro stand-by deal ends.

SOFIA - Stats office to release June industrial output and sales data.

IN THE NEWS

SOCIALISTS BACK PM'S "AUSTERE" BUDGET

The Socialist Party's executive committee expressed support for the budget of Prime Minister Gordon Bajnai's cabinet when the premier briefed them on his plans on Friday. Bajnai will give a more detailed presentation to the Socialist parliamentary group today, after which he will he receive the ministers of social affairs, transport, education and finance to work out the details of the budget. The cabinet plans to submit next year's draft budget to Parliament on Sept. 8, and it could be passed in late November.

GOV'T CUTS MAV, VOLAN SUBSIDIES

"The government has decided to cut next year's budget for State Railway MAV and regional bus company Volan by HUF 70 billion, to HUF 260 billion," government spokesman Domokos Szollar told reporters on Friday. How the subsidy reductions will be split between the two firms was not revealed.

700 EMPLOYEES TO BE AXED AT ELCOTEQ

Electronic parts maker Elcoteq will lay off 400 permanent employees and 300 contracted workers at its factory in Pecs, Magyar Hirlap writes. Elcoteq spokesman Zoltan Krippl confirmed the news, but said the final details will be worked out in talks with the trade unions. The Finnish-based company set up its operation in Pecs in 1998.

(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)