British American Tobacco Hungary Kft, Hungary's leading tobacco firm, has recently reduced the price of its Pall Mall cigarettes by 12% from HUF 500 to HUF 440 per pack, business daily Napi Gazdaság reported on Monday.

more business & finance news »

Hungary has told NATO that Hungarian troops training Iraqi army officers next year will carry out no tasks that involve a risk of combat, a government spokeswoman said on Wednesday.

more current affairs news »

The South African rand eased on Thursday weighed by a firmer dollar and nerves ahead of an interest rate decision later on, while the forint dipped after the Hungarian government repeated the currency was too strong. The dollar steadied against the euro and yen on Thursday after posting strong gains the previous session and the pause in the U.S. currency's steep decline induced caution among emerging market bulls.

more business & finance news »

Eastern European clubs have again failed to make any impact on the later stages of the Champions League with none of the four who took part in the Group stage reaching the last 16.
more sports news »

The growing number of budget airlines serving Hungary have helped to significantly boost tourism revenues, government officials said Thursday.

more travel news »

State power wholesaler MVM successfully auctioned 240 MW of generating capacity on Thursday, selling 679.4 GWh of electricity for the period from 1 January 2005 to 30 June 2005, MVM announced. The auction was approved and supervised by the Hungarian Energy Office.

more business & finance news »

The Government Debt Management Agency (AKK) launched a USD 100 million bond issue on Wednesday, managed by Deutsche Bank and Morgan Stanley. The two-year bonds will have variable interest rates, and mature on 15 December 2006.

more business & finance news »

The Assembly of the Municipality of Budapest will decide next week on the tariff hikes BKV Rt will effect during 2005. The current plan calls for a 15% increase in January followed by a 5% increase in July.
more getting around news »

Bertrans Freight, Storage and Commercial Rt is to open a new logistics center at the Kecskemét Industrial Park. The new center, built on a 9.1-acre land, consists of office buildings, customs inspection halls, and a reception desk and aims at providing service for Hungary based multinational subsidiaries as well as small and mid size firms of the region. The Ft 553 million investment has been partly sponsored by EU funds. (Vg 13) E.C.

more  news »

Deutsche Telekom AG's T-Mobile unit and Telenor ASA's Pannon GSM Rt won permits to provide high-speed mobile-phone licenses in Hungary as they look to stay ahead in the competition for the new EU nation's customers.
more it & telco news »

The purpose of the amendments to Act XCIII of 2003 on the Rules of Taxation (ART) that will take effect on 1 January 2005 is to simplify the procedural and administrative requirements applicable to taxpayers and to introduce modern tax administration procedures as part of the effort to better align Hungarian legislation with that of the European Union, PriceWaterhouseCoopers said in a comment on Thursday.

more business & finance news »

Hungary's ruling Socialists, heirs to the communists who were in power until 1989, announced plans on Wednesday to open communist era police archives in an attempt to face the truth about the country's past.
more current affairs news »

Hungary's strong forint, caused by high interest rates, is damaging exports, and a flood of cheap imports is also hurting local firms, the country's finance minister told Reuters.
more business & finance news »

Telenor's mobile arm in Hungary, Pannon GSM (Pannon), has acquired one of the UMTS licences in Hungary, a "C" licence, for HUF 19 billion, equivalent to NOK 630 mill. The licence fee is payable with 5.5 billion HUF in 2004, and the
remaining in three yearly installments.

more it & telco news »

Hungary's OTP Bank won the bidding for Croatia's Nova Banka on Wednesday but analysts said the 236 million euro price tag for Croatia's seventh largest bank was anything but cheap.

more business & finance news »