Hungary's forint eased to the euro on Friday and government securities yields went up by 1-3 basis points in the shorter and 5-11 bps in the longer segment.
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Hungary's flagship bank OTP has said on Friday that its Chairman-CEO, Sándor Csányi, or more precisely Csányi's limited company Bonitas Kft, has sold a total of 180,609 OTP shares at an average price of HUF 8,530 apiece.

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In the latest edition of its Newsflash, PriceWaterhouseCoopers draws attention to the proposed simplified overall taxation for individuals (SOTI) that is expected to be available from 1 January 2006, either on the basis of new contracts or modified existing contracts.
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The official launch of Phase IV of Marina Part - voted Best Development in Budapest - became a virtual stampede on Saturday 10th September 2005 as existing owners of earlier Autóker Holding projects were given the first opportunity to view the latest and best stage of Budapest’s finest development. River-view apartments and those overlooking the marina itself were in especially high demand. It was estimated by the end of the day that around 50% of the apartments with Danube-facing views had already been reserved. “The interest has been beyond our expectations,”said an exhausted Eszter Vadas, Assistant Sales Manager of Autóker Holding Plc, Hungary’s most respected developer.

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BUDAPEST - A Turkish Airlines (THY) plane en route from Istanbul to London made an emergency landing at Budapest Ferihegy Airport on Thursday.
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Turkish Foreign Minister & Deputy Prime Minister Abdullah Gul met on Saturday Nigerian Prime Minister Hama Amadou and foreign ministers of Hungary, Italy, Portugal, and Mexico within the framework of the studies of UN General Assembly.
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Support for joining the euro zone has risen in Hungary, according to Eurobarometer figures released yesterday. The report says that Hungarians worry most about unemployment.
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Ferenc Mádl referred the higher education law to the Constitutional Court before signing it into law - parts of it were unconstitutional, he thought. But there are problems with the law that go beyond his own reservations. Amongst the most important relate to the reform of higher education management and the switch to a 'multi-cycle' system.
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Most processes outsourced to Hungary are low added-value, routine activities like telephone customer service centres. But activities outsourced to India are starting to rival investing companies' main activities.

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EU Monetary Affairs Commissioner Joaquin Almunia said on Friday in Budapest that Hungary cannot pass the accounting of motorway construction off budget. According to analysts, this could boost this year's budget deficit by as much as an additional 1.3% of GDP to 5.5-6.0% and may make Hungary's plan to adopt the euro in 2010 virtually unachievable.
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Hungary's Parliament will discuss the draft of new railway regulations next Wednesday, which would considerably reshuffle national railway company MÁV in the next eight years, business daily Világgazdaság reported on Friday.
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Local reports suggest that Eurostat will ultimately reject the Hungarian government's attempts to pass the accounting of motorway construction off budget. Given the sizeable construction projects going on, this could boost this year's budget deficit by as much as an additional 1.3% of GDP and may make Hungary's plan to adopt the euro in 2010 virtually unachievable, said DrKW analyst Ivailo Vesselinov on Friday.
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Airline Malév Rt said yesterday it has signed an agreement with Thai airline Bangkok Airways allowing Malév passengers transferring to Bangkok Airways flights to other destinations in Thailand and Cambodia to travel with a single ticket. The new arrangement, which is valid until September 30, 2006, but may be extended, will apply to Malév's scheduled Bangkok flights, which it will relaunch, three times a week, from December 2. The agreement will halve the transfer time Malév passengers have to wait in Bangkok to one-and-a-half hours. Passengers will also save abut Ft 20,000 on airport tax.
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Gross wages rose by 7.6% year on year in July and net wages went up by 9.1% from a year earlier, the Central Statistics Office (KSH) said on Friday.
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Thirteen Cubans will participate in the World Wrestling Championships on September 25-October 2, in Hungary, Thursday said sports authorities of the island.

Of the total, seven will participate in free-style wrestling and six in Graeco-Roman style, said the authorities.
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