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Matáv selects Ericsson as sole supplier of broadband access

Hungary's incumbent telecom operator Matáv has selected Ericsson to deliver its Ethernet DSL Access solution, providing new broadband capabilities to their subscribers, Ericsson said in a statement.

more it & telco news »

Hungary to keep controls on VAT refund payments

Hungarian Finance Minister Tibor Draskovics pledged on Thursday to keep strict controls over the payment of value added tax refunds, despite complaints from companies, saying VAT evasion was rampant.

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Will Budapest Airport's privatisation generate HUF 100 bln?

Several investors are eyeing a planned privatisation of Budapest Airport Rt, the company that operates Budapest's Ferihegy international airport. The company posted a HUF 9 billion pre-tax profit in the first nine months of 2004. We tried to look at how much the company is worth.

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Expanding EU faces soaring bill for translation

The European Union's bill for translation will have to balloon by nearly 60 percent to over 1 billion euros ($1.32 billion) a year to prevent the bloc from turning into a Tower of Babel after its eastward enlargement.

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Vertes Power Plants completes HUF 20 billion retrofit program with new desulfurization unit

The state-owned Vertes Power Plant inaugurated on Thursday a new desulfurization unit at its Oroszlany power plant (western Hungary), thus completing a three-year, HUF 20.4 billion retrofit project.

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Axelero expands server hosting site

Axelero Internet, the ISP subsidiary of the Matav telecom group, has more than doubled its server hosting capacity, and targets dynamically growing sales revenues from its server hosting division in the coming year, the company announced.

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Art of Living - Basic Course + invitation for free intro.

"We are pleased to inform all of you about the next AOL basic-course held in Budapest"
more health & wellness news »

OTP may offer life contribution for flat

OTP Bank Rt plans the introduction of a program that would ensure a monthly contribution to pensioners in exchange for their flats, according to unnamed sources.
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BKV to establish bank for chip card issue

Budapest Transport (BKV) Rt may establish a bank soon to be able to issue chip cards and electronic tickets this year, project manager András Kós said.
more getting around news »

NABI says delivered 1,227 buses in 2004

Bus maker NABI, which announced heavy job cuts at its Kaposvár plant earlier this week, said it delivered 1,227 buses to its customers in 2004, a 7% increase over 2003.
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Sound policy, not euro timing key for C.Europe-S&P

Rating agency Standard & Poor's said on Wednesday any delays in euro adoption by new European Union members would not hurt their credit rating provided they pursued sound economic policies.

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Vodafone completes buyout of Hungarian unit

Mobile phone titan Vodafone Group Plc has completed its 19.4 billion forint ($102.5 million) buyout of a 10 percent stake in its Hungarian mobile operator from Antenna Hungaria, Antenna said.

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Hungary to issue global bond at end Jan-FinMin

Hungarian Finance Minister Tibor Draskovics said on Thursday that Hungary was planning to issue a global bond at the end of January.
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NATO could ship tanks for Iraq, as well as training

NATO is helping ship military hardware including guns and possibly tanks for use by Iraqi security forces, at the same time as expanding its training mission in Baghdad, a NATO official said Wednesday.

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MOL group has large find in NW Pakistan

A group led by MOL Pakistan, Budapest, reported a second discovery on the 4,600-sq-km Tal block southwest of Peshawar in northern Pakistan.
The Makor-1 discovery well, in the Kohat basin of Northwest Frontier Province, encountered several hydrocarbon zones.

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