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Hungary OTP EPS upped,target dropped

Investment bank JPMorgan has raised its earnings per share forecasts for Hungary's biggest private sector bank, OTP , but has suspended its price target for the stock after its strong rally.

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MOL consortium makes 2nd Pakistan Tal find

Hungary's MOL said a consortium in which it holds a 10 percent stake had made a second discovery of oil and gas in the Tal Block, located in the Northern Western Frontier Province of Pakistan.

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Hungary Nov industrial output beats expectations

Hungary's industrial output rose faster than expected in November as exports remained steady and domestic sales bucked a recent slower trend to produce modest growth, the Central Statistical Office (KSH) said.

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Hungary trio won't beton on for Livi yet

LIVINGSTON have failed to bring in three Hungarian players in time to play in tonight's tricky Scottish Cup tie against Morton.
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Businessman Nobilis buys 49% stake in portal site Index for HUF 1 billion

Hungarian businessman Kristof Nobilis, one of the country's richest men, has acquired a 49% stake in Rt, the operator of portal site Index, according to the daily Nepszabadsag. The purchase price was reportedly around HUF 1 billion.

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PM Criticized For Pope Visit

Prime Minister Ferenc Gyurcsány was loudly criticized by Hungarian opposition for his statements during his recent visit to Pope St. John Paul.

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K&H Ordered To Compensate Clients

The arbitration court of the stock exchange ruled that K&H Equities Rt. has to pay Budapest’s District 10 Municipality HUF 3.4 billion in compensation for damages.
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Citizens Advisers Analyst to Lecture at Central European University

Today Citizens Advisers announced Dr. Vesela Veleva, social research analyst, will conduct a series of lectures and a seminar for graduate students and faculty at Central European University (CEU) in Budapest, Hungary, on January 11 through January 18, 2005.
more community & culture news »

Ericsson selected to deliver T-Mobile's UMTS network in Hungary

Ericsson has been selected by T-Mobile Hungary, a mobile operator in Hungary who recently have been awarded a 3G license, to roll out its 3G network. A letter of intent is signed for a framework agreement where Ericsson will provide radio access and core network systems and equipment, including related network roll out services.
more it & telco news »

Rock 'n' roll diplomacy shakes up a New York club

The U.S. ambassador to Russia really rocked _ on drums.
And the Hungarian ambassador to the United States rocked, too _ on lead guitar.
more entertainment news »

Siemens excluded from MÁV tender

Siemens Rt has been excluded from the tender of Hungarian Railways MÁV Rt to supply trains for its suburban lines, according to unnamed sources. MÁV announced the tender last September and will spend Ft 40 billion on the purchase of new trains.
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Hungary MOL names new intl upstream boss

Hungarian oil and gas company MOL said on Thursday it had appointed Ray Leonard, most recently vice president exploration and production with Russia's Yukos, as the head of its international upstream business.

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EC Handball: Norway won thriller finals

Norway's women had to fight for it, but won Sunday's final against Denmark in the European Handball Championship for women in Budapest 27-25, after 11-11 at half time.

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What's New in European Travel

Europe is constantly changing — and the changes are nearly always good news for sightseers. After updating my guidebooks for each country in Europe, here’s the latest for 2005 in the first of three installments.

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ComGenex Announces Multi Year Research Collaboration With Hoffman-La Roche

Hoffmann-La Roche Inc. and ComGenex Inc. announced today that they have entered into a research collaboration agreement. Under the terms of the agreement ComGenex will use its high throughput medicinal chemistry platform technologies to support Roche's internal lead generation for drug discovery and development programs. Financial terms of the collaboration were not disclosed.
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