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Monday 20 Oct 2014
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= 387 HUF

Open Workshop New Year's Eve

"Calling all English speaking jazz lovers in Budapest!"
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Hungary court orders K&H to pay local govt $18 mln

An arbitration court ordered Hungary's second-largest bank, K&H Bank, to pay 3.4 billion forints ($18.5 million) to Budapest's 10th district in connection with a fraud case, the district's mayor said on Tuesday.

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Vatican and Hungary clash over financing treaty

The Vatican has clashed with Hungary's centre-left government over the financing of Church-run public institutions in the former Communist country.

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EU to announce deficit action against Greece, Hungary: source

The European Commission is set to pursue disciplinary action against Greece and Hungary Wedensday for breaching EU public deficit rules, an EU source said here.

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MOL debuts 2.8% firmer in Warsaw, pulls along price in Budapest

Oil group MOL shares opened with a 2.8% rise on the Warsaw Stock Exchange where they began to trade on Wednesday. The rise pulled along the price in the Budapest Stock Exchange as well, pushing MOL shares to above HUF 13,000.

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Hungary rate cut heralds more easing, budget a risk

Hungary's central bank (NBH) delivered its seventh and last rate cut for 2004 on Monday, and monetary easing is set to continue next year when an enlarged Monetary Council may pursue a more dovish policy.

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U.S. agrees to Nazi "gold train" settlement

The U.S. government has agreed to settle a lawsuit with tens of thousands of Hungarian Holocaust survivors over a trainload of gold, jewelry and other property seized by the U.S. Army at the end of World War Two, lawyers said on Monday.

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Hungary 2nd EU member to ratify new constitution

Hungary approved the new European Union constitution in a parliamentary vote on Monday, becoming the second member in the 25-nation bloc, after Lithuania, to do so.

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MOL's Slovnaft rejects results of fuel price investigation, protests SKK 1.3 billion fine

Slovnaft, the Slovakian subsidiary of oil and gas company MOL, said on Monday that it rejects the findings of the fuel price investigation conducted by the Slovakian finance ministry, and called the whole process "lacking in legality and counter to the rules of a free market economy."
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Hungary's unit in Iraq leaves war-torn nation

The last of Hungary's 300 soldiers serving in a transportation unit south of Baghdad left Iraq on Monday and will be home in a few days, a Defense Ministry spokesman said.

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Hungarian Parliament ratifies Constitution

The Hungarian Parliament yesterday (20 December) ratified the European Constitution by 304 votes to nine. There were eight abstentions and 64 members of the parliament were absent at the time of the vote, according to the BBC.
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The Doctor Is In

More and more expat women are opting to have a baby abroad rather than return to their home country. In the below article, Dr. Kinga Jokay of Budapest's Roszakert Medical Clinic translates the general advice on feeding your baby as outlined by the American Academy of Pediatrics into the Hungarian milieu.
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Sanoma does not buy

Finnish-owned publishing giant Sanoma will not buy Hungarian news portal According to our information the negotiations flopped in an advanced stage as the buyer and the seller failed to co-ordinate their ideas.

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What is the speed of your Internet connection?

"The speedometer is a free service of A BELTRÓNICA. From now on it is at your disposal whenever you wish to know the speed of your access at every moment you are connected to the Internet."
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Taverna to invest Ft 2 bln in dev’mnt

Hotels and catering company Taverna Holding Rt plans to invest Ft 2 billion in developments next year in its hotel chain and restaurants, the company’s CEO László Tárnoki announced.
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