OTP would invest in Postabank if asked

Article Abstract:

OTP Rt., the largest bank in Hungary, expressed its willingness to make an investment in Postabank Rt. if the Hungarian government will request it to. Government-owned Postabank, which currently ranks as the second-biggest bank in the country in terms of depositors, was renationalized by the government of Hungary in May 1998 after it infused new capital into the bank in the amount of 24 billion forints ($110.9 million). OTP, which said there has been no communication yet from the government, said that it is interested in operating the bank's retail-banking business.

Comment:

Expresses its willingness to make an investment in Postabank Rt if the Hungarian government will request it to

Commercial Banks, Commercial Banking, Asset sales & divestitures, Acquisitions & mergers, Postabank es Takarekpenztar Rt, Article, OTP Rt.

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Suburban flight hits Slovak city: as borders dissolve, locals seek homes amid EU neighbors

Article Abstract:

The suburban borders of the Slovak capital of Bratislava are expanding into neighboring nations of the European Union, demonstrating how a city can become a regional generator of job opportunities and new businesses. Slovakia and Hungary will join Austria in January 2008 as part of the EU borderless zone known as the Schengen Agreement.

Austria, Scientific Research and Development Services, Public affairs, Slovakia, Development, Economic Programs-Total Govt, Administration of Economic Programs, Social aspects, Economic aspects, Political aspects, Economic development, European Union, Transnationalism, Bratislava, Slovakia

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