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Hungary says Germany to store 500,000T grain


Germany has offered Hungary storage space for around 500,000 tonnes tonnes of grain, a quarter of the 2 million tonnes Hungary had requested, Hungary's Agriculture Ministry said on Friday.

more business & finance news »

Hungary govt, banks sign letter of intent to support housing programme


Finance Minister Tibor Draskovics, István Kolber, Minister without portfolio responsible for regional development, and Tamás Erdei, President of the Hungarian Banking Association, signed a letter of intent for the so-called Fészekrakó programme. The government aims at helping the housing problems of young people with the programme.
more real estate news »

Hungary meets EU target with 4.5 percent deficit for 2004


Hungary's public deficit for 2004 came to 4.5 percent of gross domestic product (GDP), in line with a target set by the European Union for the new member state, the finance ministry said Friday.
more  news »

2004 in Review -Buying MobilTel


THE purchase of MobilTel by Telekom Austria, which was launched in November 2004, became the largest private deal Bulgaria has seen in its modern business history.

more it & telco news »

Less than half of Hungarians back euro entry-survey


Less than half of Hungarians support the country's future entry to the euro zone according to a recent opinion survey, the National Bank of Hungary (NBH) said on Thursday.

more  news »

EU has 3.24 mln T wheat offered to intervention


The European Union's intervention stores have received offers totalling 3.24 million tonnes of wheat since opening on Nov. 1, official data showed on Thursday.

more  news »

Delta Galil Closes Logistics Centre On Losses


Israeli clothing company Delta Galil Industries has shut down its Hungarian logistics centre due to losses registered at the end of 2004.
more business & finance news »

MOL appoints former Yukos exec to head international upstream activities


Hungarian oil and gas group MOL announced that on 1 January 2005 it appointed former Yukos senior executive Ray Leonard to lead the company's international upstream activities.

more business & finance news »

Sanoma and Payback start online auction site


Sanoma Budapest Kiadói Rt, the Hungarian subsidiary of Finnish magazine publisher Sanoma, and Polish company Payback are setting up an online auction site in Hungary.
more shopping news »

Linamar signs agreement with Opel


Auto parts maker Linamar Hungary Rt announced yesterday that it has come to an agreement with Opel Hungary Powertrain Ltd, regarding the financial compensation for a Ft 3 billion order cancelled by Opel last year.
more business & finance news »

Hungary Finmin sees no wage inflation pressure in 2005


Hungarian Finance Minister Tibor Draskovics said on Thursday a rise of real wages will help household consumption grow in 2005 following a stagnation in 2004.

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Occupancy rate in Hungarian hotels 60% in 2004 - Stats


Hotels in Hungary operated with a 60% room occupancy in 2004, a 5 percentage point rise over 2003, the Central Statistics Office (KSH) said on Friday. The number of hotels involved in data reporting rose to 182 from 163 during the year.

more  news »

'Gloomy Sunday' is a gloriously old-fashioned film


Inspired by the popular 1930s song about melancholy and death, the German-made "Gloomy Sunday" ("Ein Lied von Liebe und Tod") is a lush, elegant and fatally romantic melodrama -- a superior soap opera not unlike what Douglas Sirk might have churned out in the 1950s.
more movies news »

Emerging FX-High-yielders under pressure vs resurgent dlr


High yield emerging market currencies remained pressure under on Wednesday, having taken a hit from a sharp dollar rebound the previous session.

more business & finance news »

Montenegro says Matav bid most for telecoms firm


Hungarian telecommunications group Matav made the highest bid for a 51 percent stake in Montenegro's state telecom company Telekom Crne Gore, officials said on Wednesday.

more it & telco news »





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