"OMV has revoked its intention published on September 25, 2007 to make an offer to shareholders of MOL of HUF 32,000 per share . The motive behind the move is that the European Commission had indicated it would not accept commitments that OMV had proposed; since other commitments would be unacceptable to OMV, OMV has decided to withdraw the merger notification filed with the European Commission on January 31, 2008 . more »

"While the forint firmed to all-time highs against the euro in July, fund managers polled by Portfolio.hu do not expect a marked depreciation of the Hungarian currency to start in the next three months. more »

"Hungary's solar module maker Heliogrid will start production at its new plant in Rétság (some 60 km north of Budapest) in the autumn, more or less in line with original plans, Ottó Luda, head of sales at the company has said. more »