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Hungary's Malév cancels Vienna flights

After due consideration of load numbers and forecasts Hungary's national carrier Malév decided to terminate its Vienna flights effective Friday, the airline announced on Thursday.

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A divided country: Hungary

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 population is divided, politicians are at serious odds with each other and pollsters say there is a chance that turnout may be too low for the referendum to be valid.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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