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Pal Schmitt, head of the Hungarian Olympic Committee (MOB), has publicly apologised for the doping cases involving his country at the Athens Olympics.
more sports news »Some world leaders say they will not be pressured into following economic policies prescribed to them. This emerged during this weeks' 7th Progressive Governance Summit in Hungary. President Thabo Mbeki said a discussion on the current development models will come into sharp focus at next year's meeting to be held in South Africa.
more current affairs news »BSR Europe and developer Pinchas Zarfati will invest €38 million ($47 million), including land, to build a commercial center in Budapest. BSR Europe owns 68% of the project and Zarfati 32%. more business & finance news »In September, Microsoft will launch the beta program for it’s latest generation of Media Player – Windows Media 9 Series. The technology was first unveiled at NAB under the code name Corona. more news »The morning newspaper Metro is calculated to be savored for as long as it takes a cup of coffee to cool - and to give conventional competitors the chills.
more current affairs news »A group of nine poets from Hungary and Britain have been working on a joint translation project, and they’ll be reading the results of their work. more community & culture news »Hungary's financial markets watchdog PSZÁF allowed on Monday that Kafijat Kft, a company controlled by Megdet Rahimkulov, the Chairman-CEO of Gazprom-related General Banking and Trust (Általános Értékforgalmi Bank, ÁÉB), to boost its stake to 59.95% from 49.97% in ÁÉB.
more business & finance news »Social democrats must bury their differences over Iraq to form an international consensus to fight African poverty, climate change and build a more effective UN, Tony Blair said at a Progressive Conference of centre left governments in Budapest yesterday. more current affairs news »Hungary's central bank next week will probably cut its benchmark interest rate from 11 percent, the highest in the European Union, after inflation slowed and the forint strengthened, a survey of economists showed.
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