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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.
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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.
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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!

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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.
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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.

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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.

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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.
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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.

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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.

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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.

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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.
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Hungary's Malév cancels Vienna flights

After due consideration of load numbers and forecasts Hungary's national carrier Malév decided to terminate its Vienna flights effective Friday, the airline announced on Thursday.

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A divided country: Hungary

Hungary is holding a referendum on Sunday to decide if ethnic Hungarians living abroad should be granted citizenship and if healthcare should stay in state hands. The population is divided, politicians are at serious odds with each other and pollsters say there is a chance that turnout may be too low for the referendum to be valid.

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Government decides to soften Malev tender conditions

The government decided at its Wednesday meeting the soften the conditions for the sale of national airline Malev when the next tender is issued in the hopes of attracting more interest and closing a successful transaction, government spokeswoman Boglar Laszlo announced.

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Government to use pension reform-corrected figures in EU convergence reports

The government accepted at its Wednesday meeting the updated version of the EU convergence report it sent to Brussels in May, finance minister Tibor Draskovics announced. The minister said that from now on, it will include budget deficit figures in the report that are corrected for the effect of pension reform, thus reducing the deficit figures.

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