Investment bank JPMorgan has raised its earnings per share forecasts for Hungary's biggest private sector bank, OTP , but has suspended its price target for the stock after its strong rally.

more business & finance news »

Hungary's MOL said a consortium in which it holds a 10 percent stake had made a second discovery of oil and gas in the Tal Block, located in the Northern Western Frontier Province of Pakistan.

more business & finance news »

Hungary's industrial output rose faster than expected in November as exports remained steady and domestic sales bucked a recent slower trend to produce modest growth, the Central Statistical Office (KSH) said.

more business & finance news »

LIVINGSTON have failed to bring in three Hungarian players in time to play in tonight's tricky Scottish Cup tie against Morton.
more sports news »

Hungarian businessman Kristof Nobilis, one of the country's richest men, has acquired a 49% stake in Index.hu Rt, the operator of portal site Index, according to the daily Nepszabadsag. The purchase price was reportedly around HUF 1 billion.

more business & finance news »

Prime Minister Ferenc Gyurcsány was loudly criticized by Hungarian opposition for his statements during his recent visit to Pope St. John Paul.

more current affairs news »

The arbitration court of the stock exchange ruled that K&H Equities Rt. has to pay Budapest’s District 10 Municipality HUF 3.4 billion in compensation for damages.
more business & finance news »

Today Citizens Advisers announced Dr. Vesela Veleva, social research analyst, will conduct a series of lectures and a seminar for graduate students and faculty at Central European University (CEU) in Budapest, Hungary, on January 11 through January 18, 2005.
more community & culture news »

Ericsson has been selected by T-Mobile Hungary, a mobile operator in Hungary who recently have been awarded a 3G license, to roll out its 3G network. A letter of intent is signed for a framework agreement where Ericsson will provide radio access and core network systems and equipment, including related network roll out services.
more it & telco news »

The U.S. ambassador to Russia really rocked _ on drums.
And the Hungarian ambassador to the United States rocked, too _ on lead guitar.
more entertainment news »

Siemens Rt has been excluded from the tender of Hungarian Railways MÁV Rt to supply trains for its suburban lines, according to unnamed sources. MÁV announced the tender last September and will spend Ft 40 billion on the purchase of new trains.
more getting around news »

Hungarian oil and gas company MOL said on Thursday it had appointed Ray Leonard, most recently vice president exploration and production with Russia's Yukos, as the head of its international upstream business.

more business & finance news »

Norway's women had to fight for it, but won Sunday's final against Denmark in the European Handball Championship for women in Budapest 27-25, after 11-11 at half time.

more sports news »

Europe is constantly changing — and the changes are nearly always good news for sightseers. After updating my guidebooks for each country in Europe, here’s the latest for 2005 in the first of three installments.

more travel news »

Hoffmann-La Roche Inc. and ComGenex Inc. announced today that they have entered into a research collaboration agreement. Under the terms of the agreement ComGenex will use its high throughput medicinal chemistry platform technologies to support Roche's internal lead generation for drug discovery and development programs. Financial terms of the collaboration were not disclosed.
more business & finance news »