The official opening of the remaining 16-kilometer stretch of the M30 highway last Thursday connected Miskolc, Hungary’s second biggest town, to the country’s motorway network.

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Former IT tycoon Economy and Transport Minister János Kóka has parted from all his ownership in businesses, keeping only his stake in a family-owned company.

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A day after the collapse of peer Air Polonia, East Europe's budget airlines on Monday sought to reassure passengers that they had enough cash to survive cut-throat competition in the promising market.

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Hungary's relations with neighbouring east European countries should improve after a failed referendum to give Hungarian minorities abroad dual citizenship, foreign minister Ferenc Somogyi said on Monday.

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Minardi raised $1.5 million through an auction of old Formula One cars and memorabilia last month, team boss Paul Stoddart said on Monday.

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A Hungarian referendum on Sunday was unsuccessful according to preliminary results, so ethnic Hungarians will not have the chance for preferential Hungarian citizenship, while healthcare privatisation can continue.

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Low-cost airline easyJet carried 2.1 million passengers during November – a 25% increase on the same month a year earlier, it emerged today.

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After lacklustre trade all day, the Budapest Stock Exchange (BSE) finished 0.6% up at a new historic high of 14,398 points on Monday. Turnover was a mere 6.8 billion, with OTP accounting for one third of it.

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With a new branding concept, Kevin Roberts, CEO of international advertising agency Saatchi & Saatchi, aims to reform brand-building as we know it.

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ISP Axelero Internet Rt has launched Hungary’s first online video rental service, CEO György Simó announced at a press conference last week.

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A brokerage firm’s initiative exploits movie subsidizing rules – benefiting both filmmakers and local companies with an eye on tax breaks
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Company registration over the Internet is soon to come, since the Ministry of Justice is starting to digitalize existing hard copy registrations from January 2005.
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Asylum Telecom LLC, a global IP telephony firm, recently launched channel development efforts in Brazil, becoming one of the first in the industry to offer low-cost phone service in the Latin American market. Delivering services through a growing network of channel partners -- system integrators, Internet service providers, cable operators and traditional service providers -- Asylum Telecom will focus initially on Brazil. Within 12 months, expansion is planned into Mexico, and later into Central and South America.

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Early results from Hungary's vote on granting citizenship to ethnic Hungarians abroad showed 50.2 percent were against and 49.8 percent supported the move with 791,000 votes counted, which means it will likely fail.

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A controversial referendum in Hungary on citizenship rights seemed to fail Sunday due to low voter turnout, the BBC reported.
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