The Equal Opportunities Ministry has decided to allocate Roma scholarships itself, withdrawing the right from the Hungarian Roma Foundation Macika in this matter. The chairman of Macika has protested. The ministry announced earlier that it has postponed the transfer of Ft 640 million to the foundation to cover the scholarships until 2006.

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A chef with the McLaren-Mercedes Formula One racing team fell to his death from a disused roof terrace of a Budapest hotel on Wednesday.
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Five of the seven Michelin-contracted Formula One teams have approached rivals Bridgestone about a possible switch in 2006, the Japanese tyre company said on Wednesday.

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Hungary's privatisation agency APV will meet on Thursday to discuss the privatisation of loss making airline Malev, business daily Napi Gazdasag reported.

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Hungarian grain will start to flow to drought-hit Spain and Portugal in August, the agriculture ministry said, adding that red tape had slowed the process down.

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World champion Michael Schumacher expects a tough time in Budapest for this weekend's Hungarian Grand Prix.

The Ferrari driver has been eclipsed by rivals Fernando Alonso and Kimi Raikkonen this season and sees his task getting no easier at the Hungaroring.


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KIMI Raikkonen heads into this weekend's Hungarian Grand Prix knowing only victory in Budapest will do if he is to re-ignite his championship challenge with Fernando Alonso.

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Government spokesman András Batiz called media reports on the 2006 budget off base yesterday, saying that the numbers being circulated had not come from the Finance Ministry.

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JP Morgan has on Wednesday analysed monetary policy in Hungary, Poland and the Czech Republic through the lens of the Taylor rule (see last paragraph). According to the Taylor rule Hungary's base rate is to fall to 5% already by the first quarter of 2006 and to 4.5% by mid-2006 from the current 6.75%. Polish policy rates are to fall to around 3.5% by year-end, but move back up to 4% by mid-2006. Czech rates are to remain on hold throughout 2005 and 2006.

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Renault’s Fernando Alonso could find himself in seventh heaven on Sunday at his favourite Hungarian circuit. Two years ago, as a 22-year-old, the Spaniard made Formula One history at the Hungaroring as the youngest Grand Prix winner.

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Holiday-makers flying abroad this summer can now find pertinent travel information about their journey at just one touch of a button - helping them to prepare for a stress-free and relaxing trip.
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This month sees the launch of British Airways' new onboard shopping magazine, High Life Shop!

The magazine, which has been created by Cedar Communications, showcases the extensive range of fashion, beauty, gifts and electrical goods that are available to buy on board British Airways flights. The new format includes a range of feature articles ranging from in-depth product previews to expert endorsements and informative lifestyle articles.
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"Mysterious balance improvement" is the title of an article published in business daily Világgazdaság on Tuesday that tackles the possible steps by the Finance Ministry to improve the state of the budget this year. The paper suggests that the ministry will build new motorway stretches this year in the scope of public-private partnership (PPP) programmes and sell more state assets than originally planned.

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KBC's Hungarian brokerage arm, K&H Equities reinitiated coverage of hotel operator Danubius with a 'buy' rating on improved operating environment at home and at foreign units, the brokerage said on Tuesday.

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