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HUF 101 billion to be spent on regional development in 2005

Hungary will have funds totaling HUF 101 billion (USD 558 million) at its disposal for regional development purposes in 2005, Istvan Kolber, minister in charge of regional development and housing affairs told MTI Thursday. Of the total sum, HUF 57 billion will be decentralized spending, double this year's figure, according to Kolber.

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Film of Nobel Prize-winning 'Fateless' to premiere in Budapest

Fateless, the film adaptation of 2002 Nobel Prize winner Imre Kertesz's novel of a young boy's experience of the Holocaust, will premiere at the Budapest Film Festival in early February.

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Econ Ministry sees EUR 3-3.5 bln FDI this year

Hungary is expected to receive foreign direct investments worth around EUR 3-3.5 billion in 2004, the Ministry of Economics said in a statement, adding that nine-month data published last Friday confirmed its earlier forecasts.

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Soccer-Hungarian side Kispest-Honved fire manager Bognar

Hungarian first division club Kispest-Honved have unexpectedly sacked manager Gyorgy Bognar during their mid-season break.

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Hungary Q3 C/A gap above fcast, Q2 revised down

Hungary posted a wider-than expected current account deficit of 1.729 billion euros in the third quarter of 2004 as services and income showed a widening deficit, the National Bank of Hungary (NBH) said on Friday.

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New EU countries enjoy currency boost

Record gains by currencies in the four biggest nations that joined the European Union in May have boosted consumers' spending power and spurred trips to Austria, Germany and beyond for clothes, ski trips and even groceries.
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BUX index finishes successful year with mild gains

The Budapest Stock Exchange closed 0.4% higher on Friday and with 57% gains over the previous year. In a shorter-than-usual session turnover totalled HUF 2.46 billion.

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Croatians Vote for President to Lead Nation into EU

Croatians are voting to pick a president to lead their country into the European Union and improve relations with the West.

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The year's finest BEST BOOKS OF 2004

1968: The Year That Rocked the World by Mark Kurlansky (Ballantine; 441 pages; $26.95): In this highly readable work by the author of "Cod," Kurlansky undertakes what is essentially the biography of a year unlike any that had come before it, a year in which, as he puts it, "there occurred a spontaneous combustion of rebellious spirits around the world."
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Curtains down on film fiesta

Promising more, better films next year, the eight-day Chennai International Film Festival came to an end in the city yesterday with Dias De Santiago, a movie from Peru directed by Josue Mendez.

Speaking at the closing ceremony, Aruna Vasudevan, director, cinefan, New Delhi, observed that the Chennai festival, though only two years old, was in the right direction.

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Hungary Matav says bids for Montenegro telecom firm

Hungarian telecommunications group Matav has submitted a binding bid for Montenegro's Telekom CG, Matav said in a statement on Wednesday.

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Vodafone agrees to buy Hungarian 3G mobile licence

Vodafone has agreed with Hungary's government to purchase a third-generation mobile licence and became the third provider to acquire the concession, telecom minister Kalman Kovacs said on Wednesday.

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Hungary offers Malev air carrier for sale again

Hungary on Wednesday said it would publish a new tender to sell air carrier Malev after an earlier attempt for a sale failed in October, the state privatisation agency (APV) said in a statement.

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EU commission calls for action against Greece, Hungary on deficits

The EU executive commission determined Wednesday that efforts by Greece and Hungary to control public spending had been insufficient and urged European Union finance ministers to approve disciplinary action against the pair.
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Hungarian PM Rejects EU Criticism

Prime Minister Ferenc Gyurcsany on Wednesday reacted defiantly to the European Union's criticism of Hungary's high budget deficit, saying the country remained on track to adopt the euro in 2010.

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