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Thursday 24 Apr 2014
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Concorde trusts in film

A brokerage firm’s initiative exploits movie subsidizing rules – benefiting both filmmakers and local companies with an eye on tax breaks
more movies news »

Company registration easier over Internet

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.
more business & finance news »

Asylum Telecom Introduces IP Telephony Service to Latin American Market

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.

more it & telco news »

Hungary split 50-50 in citizenship vote-early results

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.

more current affairs news »

Hungary referenda appears to fail

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

Referendum on ethnic citizenship splits Hungarians

Hungarians voted yesterday in a referendum on whether to offer citizenship to millions of ethnic Hungarians living outside the country, including more than 2m outside the European Union.
more current affairs news »

European press review

Events in Ukraine continue to dominate the European papers.
A Budapest daily takes everyone to task over the invalidated referendum on citizenship for ethnic Hungarians abroad.
Two German dailies comment on Chancellor Gerhard Schroeder's visit to China.
And in France a sniffer dog forgets to sniff!

more current affairs news »

Among new EU members, enthusiasm for the euro cools

FRANKFURT The euro is rising to record levels against the dollar, winning favor as a reserve currency in central banks of countries like Russia and China, and flexing its muscle in bond markets. Yet the currency, which has replaced marks, francs and other national currencies for 300 million Europeans since 2002, is not likely to reach the 75 million newest citizens of the European Union for several more years.
more  news »

Low cost airline Wizz Air secures EUR 25 million financing

Low cost airline Wizz Air announced on Friday that it has secured a EUR 25 million financing package from venture capital firm Indigo Partners and other European investors. The financing took the form of a long-term loan convertible into shares, CEO Jozsef Varadi said.

more business & finance news »

Greek Alpha Bank beats OTP in Jubanka tender

Beating Hungary's number one commercial bank OTP, Greek Alpha Bank will be allowed to buy Serbian bank Jubanka, daily Világgazdaság said on Monday, citing unofficial sources. The final result of the race is expected to be announced within a few days.

more business & finance news »

Miller Group opens in Hungary

MILLER GROUP, Britain’s largest privately owned building and construction company, has opened its first factory outlet in Hungary in a 50-50 joint venture with the Austrian bank Raiffeisen.
more business & finance news »

Hungary FinMin-cbank council may be enlarged by Jan

Hungarian Finance Minister Tibor Draskovics said on Thursday he expected parliament to discuss a proposed new central bank bill in two weeks, which may allow the rate-setting Monetary Council to be enlarged by January.

more business & finance news »

Hungary PM on defensive in citizenship referendum

Hungarians vote on granting citizenship to their ethnic kin living abroad in a plebiscite on Sunday that poses a risk to the rising popularity of Prime Minister Ferenc Gyurcsany and could upset Hungary's neighbours.

more current affairs news »

Hungary gas prices should be raised sharply-official

Hungarian household natural gas prices should be raised sharply, by double digits from January, due to rising import costs, Laszlo Varro chief economist of the Hungarian Energy Office said on Thursday.

more current affairs news »

Mixed success for Jamaica's teams

The Jamaica Under-20 team's Lance Rochester (left) is held on to by Hungary's Ferenc Soskuti in the Jamaica Invitational International Water Polo Tournament at the Stadium Pool yesterday. Hungary won 8-3.
more sports news »

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