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Hungary Szerencsejáték sees HUF 4.7 bn pre-tax profit in 2004


State-owned gambling company Szerencsejáték expects to post HUF 4.7 billion pre-tax profit in 2004, double the target, national newswire MTI quoted CEO Gábor Székely as saying on Wednesday.

more business & finance news »

Hungary govt signs wage deal with public employees


Hungary's public sector employees, who make up nearly a quarter of the country's workforce, accepted a wage agreement on Tuesday that will give them a six percent gross wage increase next year.

more current affairs news »

Hungary court orders referendum recount


Hungary's highest court has ordered a recount of two failed referendums -- on giving citizenship to ethnic Hungarians abroad and on healthcare privatisation -- but the outcome was unlikely to change.

more current affairs news »

Hungary farmers offered 2.7 mln T grain to EU -MTI


Hungarian farmers have offered 2.7 million tonnes of grains into the EU's intervention stocks so far, which accounts for about 60 percent of all EU intervention offers, local news agency MTI said on Tuesday.

more  news »

Vodafone to move


In this year’s largest office lease deal, Vodafone Hungary Rt has decided to move to offices in the Millennium City Center in District 9 from May 2006, the BBJ learned last week.

more it & telco news »

Synergon gets Ft 400 mln contract


IT company Synergon Rt has signed a Ft 400 million contract to further develop the IT platform of MOL Földgázszállító Rt, Hungarian oil and gas company MOL’s gas transmission company. The project should be completed by next year
more  news »

Flextronics cuts workforce


Several hundred staff recruited by temporary agencies are due to be laid off at Flextronics International Kft’s Zalaegerszeg plant in the coming months, Péter Papp, human resources manager of Flextronics Zalaegerszeg Industrial Park said adding that downsizing will not affect the company’s core employees. Temporary workers account for 15% of Flextronics’ 10,000 strong workforce. (Vg 13) S.F.

more business & finance news »

Hungary Parliament approves final version of c.bank law


Hungary's Parliament on Tuesday approved the final version of the Central Bank Act, which allows Prime Minister Ferenc Gyurcsány to nominate four new members of the central bank's rate-setting committee.

more business & finance news »

Hungarian Shopkeepers Oppose Bankcard Payments


Hungarian shopkeepers do not favor bankcard payments because transactions are slow and cost them extra. However, more and more shops introduce this payment method on the pressure from customers.
more shopping news »

Constitutional Court Vetoes New Types Of Training


Hungary’s Constitutional Court ruled that an article in the higher education act and a decree by the Education Ministry were against constitution.
more community & culture news »

Health center opens in Komárom


Health center operator Medicina Kft has recently opened its second occupational health center, this one located in the Komárom industrial park.
more health & wellness news »

Athletics-Isinbayeva vaults, sings and entertains


The Black Sea Cossacks choir backed by a full orchestra lent an exotic twist to the Brussels Golden League meeting in the week after the Athens Olympics.

more sports news »

MOL wins Polish approval to list stock in Warsaw


Hungarian oil and gas firm MOL said it had won approval from the Polish Securities and Exchange Commission to list its shares in Warsaw, a move which analysts say will boost liquidity of its shares.

more business & finance news »

EBRD sells 1.3% Matav stake


The European Bank for Reconstruction and Development (EBRD) has sold its 1.3% stake in Hungary's dominant telecom company Matav, the bank confirmed in a statement Monday.

more it & telco news »

Hungary Nov CPI up 5.8% y/y vs. 6.3% in Oct -- Stats


Hungary's annual consumer price index came to 5.8% in November, versus 6.3% in October, the Central Statistics Office (KSH) said on Tuesday. The data was in line with analysts' forecast in a portfolio.hu poll on Monday.

more business & finance news »





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