ARE you tired of the everlasting traffic jams in and around Budapest? Are you in a hurry to be on time for an appointment? And fed up with spending hours in your car waiting to reach your destination?
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This exotic Old-World capital features world-class dining, fine wines and luxury hotels
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Cracks emerged Wednesday in the united response sought by European governments to rising oil prices, even as the threat of major protests receded in Britain and business at gasoline stations returned to normal after panic buying in recent days.
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Hungary's forint closed slightly firmer on Friday, tracking other Central European currencies, while government bonds eased further.
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Gábor Széles is expanding his media portfolio to include a new economic television channel Echo TV, an internet site echotv.hu and an Echo News Agency. Establishing a new TV channel, Vital TV and publishing a daily newspaper, most probably publishing Magyar Hírlap in the future, are the short-term plans of Széles according to Napi Gazdaság.
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Hungary's largest opposition party, which is leading the polls ahead the spring elections, launched a consultation Wednesday on radical tax cuts with economic players, party leaders said.
The center-right Fidesz party, which headed the previous government between 1998 and 2002, wants the consultations to lead to a set of proposals and a clear idea of "public will" concerning the economy by the end of December.
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The Hungarian government will clip the top rate of value added tax on all products down to 20% from 25% from 1 October - on paper. The European Commission may now relax, Hungary will this way comply with EU regulations.

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Morgan Stanley named TPSA and Turkcell as its top emerging Europe telecoms stock picks on Wednesday and advised investors to stay underweight in Russia's Vimpelcom and Sistema, Reuters reported.
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Property developer Biggeorge's-NV is to pump HUF 12-15 billion (EUR 49-61 million) into the development of a non-public take-off and landing ground at Börgönd, some 70 kilometres west of Budapest. The new air harbour would be completed by 2008 or mid-2009 and would be focusing on low-cost airlines.
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Offers submitted by four companies in a bid to build and operate an electronic ticket system for the Budapest Public Transport Company Rt (BKV) ranged between Ft 67 billion and Ft 84 billion, business daily Világgazdaság reported yesterday, citing project manager András Koos.
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Surging oil costs helped stoke inflation across Europe in August, reports showed on Tuesday, but analysts said price pressures were generally subdued and interest rates were likely to remain on hold for the time being.
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Croatia has shortlisted three candidates in a tender to choose an adviser for the second phase of the sale of oil concern INA, local media reported on Tuesday.
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Canada's Bombardier Inc has failed to overturn the award of a 130 billion forint ($655 million) commuter train tender in an appeal to a Hungarian court, state news agency MTI said.
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"Merlin International Theatre is back for the new season and we already have some great things to show you in English - and we still offer a discount to the members of the Chamber of Commerce, if you book your ticket at least a day before the performance!
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The Hungarian government has reached an agreement with the workers of state-owned airport operator Budapest Airport Rt. (BPA.YY), who had threatened to strike for improved wages and benefits.
The government is in the process of selling a 75% stake minus one share in Budapest Airport to foreign investors. Based on the initial bids, the deal could fetch about EUR1.6 billion, a record amount for a Hungarian state asset.
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