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Less than half of Hungarians back euro entry-survey


Less than half of Hungarians support the country's future entry to the euro zone according to a recent opinion survey, the National Bank of Hungary (NBH) said on Thursday.

more  news »

EU has 3.24 mln T wheat offered to intervention


The European Union's intervention stores have received offers totalling 3.24 million tonnes of wheat since opening on Nov. 1, official data showed on Thursday.

more  news »

Delta Galil Closes Logistics Centre On Losses


Israeli clothing company Delta Galil Industries has shut down its Hungarian logistics centre due to losses registered at the end of 2004.
more business & finance news »

MOL appoints former Yukos exec to head international upstream activities


Hungarian oil and gas group MOL announced that on 1 January 2005 it appointed former Yukos senior executive Ray Leonard to lead the company's international upstream activities.

more business & finance news »

Sanoma and Payback start online auction site


Sanoma Budapest Kiadói Rt, the Hungarian subsidiary of Finnish magazine publisher Sanoma, and Polish company Payback are setting up an online auction site in Hungary.
more shopping news »

Linamar signs agreement with Opel


Auto parts maker Linamar Hungary Rt announced yesterday that it has come to an agreement with Opel Hungary Powertrain Ltd, regarding the financial compensation for a Ft 3 billion order cancelled by Opel last year.
more business & finance news »

Hungary Finmin sees no wage inflation pressure in 2005


Hungarian Finance Minister Tibor Draskovics said on Thursday a rise of real wages will help household consumption grow in 2005 following a stagnation in 2004.

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Occupancy rate in Hungarian hotels 60% in 2004 - Stats


Hotels in Hungary operated with a 60% room occupancy in 2004, a 5 percentage point rise over 2003, the Central Statistics Office (KSH) said on Friday. The number of hotels involved in data reporting rose to 182 from 163 during the year.

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'Gloomy Sunday' is a gloriously old-fashioned film


Inspired by the popular 1930s song about melancholy and death, the German-made "Gloomy Sunday" ("Ein Lied von Liebe und Tod") is a lush, elegant and fatally romantic melodrama -- a superior soap opera not unlike what Douglas Sirk might have churned out in the 1950s.
more movies news »

Emerging FX-High-yielders under pressure vs resurgent dlr


High yield emerging market currencies remained pressure under on Wednesday, having taken a hit from a sharp dollar rebound the previous session.

more business & finance news »

Montenegro says Matav bid most for telecoms firm


Hungarian telecommunications group Matav made the highest bid for a 51 percent stake in Montenegro's state telecom company Telekom Crne Gore, officials said on Wednesday.

more it & telco news »

Szentkiralyi sees 2004 water sales soar


Szentkiralyi Asvanyviz has posted a huge leap in bottled mineral water sales. The water company sold over 40m bottles last year, compared to 10.5m in 2003, the year of the company’s formation.
more business & finance news »

Accenture and Indus to Help Paks Nuclear Power Plant Improve Core Asset Management Capabilities


Accenture and Indus International Inc. have signed a multi-year agreement with Paks Nuclear Power Plant, which generates 40 percent of Hungary's electrical energy, to help the Hungarian company improve its core asset-management capabilities by optimizing its plant operations, maintenance and information technology infrastructure. Financial terms were not disclosed.

more business & finance news »

Siemens wins contract for Bp metro


The Siemens group won a euro 26 million tender to help renovate a section of the Budapest underground, the German manufacturer said yesterday.
more getting around news »

How liberal is Hungary's economy?


Hungary ranks the 35th position with 2.4 points in the 2005 list of “Index of Economic Freedom" which covers 155 countries. Hungary is just behind the Czech Republic and Israel and just before Slovakia. Hungary was the seventh best improving country in one year with a 0.2 point advance, and can be considered “mostly free" on a scale from “free" to “repressed". Hong Kong retained its leading position ahead of Singapore on the list, prepared for the 11th year by The Wall Street Journal and The Heritage Foundation. The index is calculated by 10 factors and it has happened for the first time that the United States failed to be in the first 10 countries.

more business & finance news »





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