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Magyar Hírlap editorial would work free to save paper


The editorial of closure-slated Hungarian daily Magyar Hírlap would even work free if this allowed publisher Ringier to keep the paper on the market, Magyar Hírlap said on Monday. Other expenses would still have to be covered by Ringier.

more current affairs news »

Soccer-Eastern European round-up


Round-up of the weekend action in Eastern Europe:
more sports news »

EU budget pact must back growth too-Hungary,Germany


Hungary's Prime Minister Ferenc Gyurcsany on Monday joined calls for European Union budget rules to balance the goals of growth and stability, saying they should ensure long term development was not weakened.
more  news »

Car insurance market: more competition


More competition and better-informed consumers mean more people are looking for better deals on the car insurance market – and finding them. Last year 8.5% of compulsory third-party vehicle insurance policy-holders switched companies, three times the number in previous years, said Miklós Zsoldos, CEO of Union Biztosító, one of Hungary’s fastest-growing car insurance providers.
more getting around news »

Passengers up 24.8% in Ferihegy


In September this year some 683,271 passengers turned up at Budapest’s Ferihegy Airport, 24.8% more than a year before, the airport operator Budapest Airport (BA) Rt said.
more travel news »

Magyar Hírlap to fold


Ringier Publishing House Kft will stop the publication of nationwide daily broadsheet Magyar Hírlap this Friday (Nov. 5), after talks with various potential investors and investment groups fell through, the company announced at a press conference last Friday.
more current affairs news »

UPC Starts European Cable IP Telephone Rollout


Europe's biggest cable operator is aggressively breaking into the IP telephone business this fall, following in the footsteps of its major U.S. counterparts.
more it & telco news »

Suzuki unveils new Swift compact


Suzuki Motor Corp on Monday took the wraps off a new compact car, the Swift, its first new compact model in four years. The automaker said it will produce the car in Japan for the time being and plans local production in Hungary by the end of the year and in India and China next spring.
more getting around news »

Hungary T-Mobile to cover 90% of Budapest with EDGE


Enhanced Data GSM Environment (EDGE) will be available through the network of Hungary's leading mobile operator T-Mobile by December in over 90% of Budapest, business daily Világgazdaság said on Friday. EDGE will provide Internet connection via cell phones more than three times faster than GPRS (General Packet Radio Service).

more it & telco news »

MTV to launch news channel


The National Radio and Television Board (ORTT) yesterday gave its consent to Hungarian Television (MTV) to launch a news channel called MTV Demokrácia.
more entertainment news »

Motorway tolls to rise 15% in 2005


Motorway tolls will rise an average of 15% on January 1, 2005, reflecting a 9% increase in the country's motorway network and a 6% inflation rate, the Ministry of Economics and Transport said yesterday.
more getting around news »

Hungary c.bank law vote may be delayed - FinMin


Hungary's Parliament is expected to put off a mid-November vote on an amendment of the Central Bank Act if the European Central Bank does not clarify its stance on the bill by then, Finance Minister Tibor Draskovics said on Wednesday, Reuters reported.

more business & finance news »

Antenna Hungária goes on sale - Privatisation Holding


State Privatisation Holding ÁPV announced on Friday that it would sell its stake in national broadcaster Antenna Hungária (AH) in a public tender, the government decided at a meeting on Thursday.
more it & telco news »

Union Insurance's premium revenues rise 76% to HUF 7 billion in Q1-Q3


Union Insurance Rt, owned by Austria's Wiener Stadtische group, recorded a dynamic 76.3% increase in premium revenues to HUF 7 billion in the first nine months of 2004, the company announced.

more business & finance news »

Planned Central Bank Act changes still unlawful despite adjustments, says Jarai


Despite minor adjustments submitted to planned modifications to Hungary's Central Bank Act, the intentions driving the changes are still "wrong, uncultured and unconstitutional," Zsigmond Jarai, president of central bank MNB said at a conference Thursday.

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