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Danubius in talks to buy London hotel


Danubius Hotels Rt, is in discussions to buy Jarvis Hotels Plc's Ramada Plaza Regents Park Hotel, London, for about Sterling 60 million, the London-based Times reported, citing an unidentified person close to negotiations.
more  news »

Annus, Fazekas receive replica golds


Hammer thrower Adrian Annus and discus thrower Robert Fazekas, both stripped of their Olympic gold medals for doping, received replicas of the Athens medals Sunday purchased with fans' donations.
The athletes were given the medals in a ceremony at Szombathely, 230 kilometres west of Budapest, where they train.


more sports news »

IT sector enters renewed consolidation phase


The information technology scene goes through increasing M&A activity, but venture capital interest remains muted
more  news »

Learning to grow


A local small enterprise eyes the world market for its DVD software
more community & culture news »

Vodafone stake sold for Ft 19.4 bln


Antenna Hungária Rt, a terrestrial broadcaster, has sold its minority stake in Vodafone Hungary Rt to the UK's Vodafone for Ft 19.4 billion, Ft 1.7 billion more than the packet's value on Antenna Hungária’s books, Antenna Hungária said yesterday. The stake accounted for less than 10% of Vodafone Hungary shares. Antenna Hungária said in September of last year that it would part with the stake. (Econews; Nv 5, Vg 9, Ng 11, MH 11)
more it & telco news »

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.

more business & finance news »

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.

more business & finance news »

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.

more  news »

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.

more business & finance news »

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.

more  news »

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.
more real estate news »

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.
more business & finance news »





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