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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.

more business & finance news »

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.

more  news »

Galway investors are Hungary for an opportunity


With house prices showing the first signs of reaching a plateau in Ireland, many homeowners are taking some of the equity they have built up and are looking to invest abroad. One example of "the next big thing" is Budapest. The capital of Hungary and fast becoming a seriously attractive prospect to both tourists and property investors, Budapest is, in a word, spectacular.


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Romanian PM: Hungary citizenship vote "insanity"


Romania's prime minister, facing an election run-off on Dec. 12, attacked Hungary's "insane" plans to grant citizenship to ethnic Hungarians abroad, in comments sure to appeal to Romanian nationalists.

more current affairs news »

Soccer-Feyenoord, Steaua reach last 32 in UEFA Cup


Feyenoord won the battle of the former winners to reach the last 32 of the UEFA Cup on Wednesday after a 2-1 victory over Schalke 04.

more sports news »

Hungary nationality stirs bloody political debate


Anna Gall believes the Hungarian government wants to rob her of her birthright.

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Investors bullish over new Europe


Investors have thrown a huge welcome party for some of the countries that gained entry to the European Union in May.

Since the start of the year, the Hungarian stockmarket has soared almost 67.4per cent, the Czech Republic's has gained 57.5per cent and Poland's is up 31per cent, according to euro-denominated Morgan Stanley Capital International country indices.

more business & finance news »

UEFA Cup: Feyenoord beat Schalke to advance, Basel win at ...


Feyenoord Rotterdam have joined Schalke 04 in the next round of the UEFA Cup, by beating their German opponents at De Kuip stadium while FC Basel moved into third position in Group A.

more sports news »

Hungary to host Santa beauty pageant


Can you imagine Santa Claus in a swimsuit? Luckily, the contestants in Hungary's National Santa Claus Beauty Pageant this weekend will get to keep their clothes on - and their beards, too.

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Hungary Eases Malev Privatization Requirements


Hungary has changed the terms of the failed privatization for national airline Malev, to make it more attractive to investors, saying a buyer could bid initially for part of the shares and reducing the debt it would have to assume.


more travel news »

Irish Investor’s big plans for Fradi


The real estate portfolio of sports club Ferencváros was bought by an Irish investor, announced János Furulyás, president of the club. The Irish group offered Euro 6 million for the club’s real estate, plus agreed to run the soccer team of the club. The investors plan to built a new stadium with a capacity of seating 30,000 people and to construct stores and apartments in Fradi’s lots on Könyves Kálmán krt and Gyáli út. (MH 23) R.G.

more sports news »

New outlets for Pannon mobile packages


Mobile service provider Pannon GSM Rt plans to sell its mobile packages at Shell gas stations and ElectroWorld department stores from December, Pannon announced. The subscriptions bought in the new shops will be activated free by calling a Pannon number without further administration or signing a contract, Pannon said. (Vg 13) M.K.

more it & telco news »

Hungary mobile phone subscriptions rise 0.9% m/m in Oct - watchdog


The number of mobile phone subscriptions grew by 0.9% month on month to 8.46 million in October from 8.38 million in September, Hungary's National Communications Authority (NCA) said on Wednesday.

more it & telco news »

Hungary Graphisoft buys 50,000 own shares


Hungarian architectural software maker Graphisoft announced on Wednesday that it purchased 50,000 treasury shares at a HUF 1,348.21 average price on 30 November 30.

more business & finance news »

Hungary to vote on nationality and healthcare


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 vote is a key test for new Prime Minister Ferenc Gyurcsany, a 43-year-old millionaire, and his rival, charismatic Viktor Orban of the right of centre opposition Fidesz.

more current affairs news »





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