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Hit by puck, she slaps


A Manhattan woman went to a hockey game - and a lawsuit broke out.
more sports news »

Eastern bloc prospers as 'old Europe' falters


YOU could have doubled your money last year, had you invested in European stocks. Not in Frankfurt or in Paris, where an index tracking fund would have yielded niggardly returns of 4 per cent and 7 per cent, respectively. In order to realise the biggest gains you needed to move your money east.
more business & finance news »

Referendum blues


Last year, all 25 member states of the European Union solemnly signed up to a new constitutional treaty that is supposed to make the enlarged EU more democratic, more effective and more transparent. Now the 25 governments have to get that document ratified in their national parliaments. At least 10 are proposing to hold national referendums on what is a long (nearly 300 pages) and complicated document.

Barely a third of their voters say they are well informed about what it contains. It is high time that the member states launched a comprehensive programme to enlighten and explain if they want to win positive support for such a fundamental treaty.
more  news »

Springer Steps Up Its Eastward Push


Fakt, Poland's top tabloid daily, is published by a German company. And not just any German company: Its founder, Axel Springer, was such a rabid anticommunist that he chose to erect the company's West Berlin offices near the Berlin Wall so that he could look down, literally, on East Germany's leaders.
more current affairs news »

Aranypók faces liquidation


Aranypók Trading Rt may be liquidated, if an investor is not found. The clothing retail chain has a long history and has just been chosen from one of the 400 “Superbrands” - the most respected brands in Hungary, but still may end up like Keravill, another “post-socialist” retailer, which was closed few weeks ago. The company has 36 well-located shops in Budapest and a well-known brand name; which may attract an investor. (Nv 5) G.R.

more business & finance news »

Philip Morris shuts down factory in Eger


Philip Morris Hungary Kft shut down production, as planned, at its cigarette factory in Eger (NE Hungary) at the start of the year, a spokeswoman for the company said yesterday. Philip Morris has made cigarettes at the factory since 1992.
more business & finance news »

Books & Bytes in Budapest, Hungary


On a cold winter day there is nothing nicer than nestling down in a big armchair with a book and a cup of coffee or tea. Budapest now has several bookshops which offer just this service for visitors. Right in the center of the city, on the great boulevard of Andrassy ut, you will find the Irok Boltja (Writers Bookshop).
more community & culture news »

MÁV to lease vehicles for over HUF 6 bn


Hungarian railways MÁV is to lease passenger cars and trucks from LeasePlan Hungary for HUF 6.178 billion in the next four years, national newswire MTI reported on Tuesday.

more getting around news »

Hungary MOL buys out MOL Austria Handels GmbH


Hungarian fuels group MOL said on Tuesday that on 31 December 2004 it purchased the 25% share of Baustoffimport GmbH in MOL Austria Handels GmbH and increased its share to 100% in the company.

more business & finance news »

Growth helps EU newcomers trim '04 budget deficits


European Union newcomers finished their first year of membership in the enlarged bloc with lower-than-planned budget deficits, benefiting from faster economic growth and favourable financing conditions.

more  news »

Hungary on track for budget deficit target


Hungary stands a good chance of meeting its revised budget deficit target of 5.3 percent of gross domestic product, the finance ministry said Monday.

more business & finance news »

Tsunami lashes Hungarian tourism industry


According to preliminary estimates, 6 tour operators running trips to Southeastern Asia suffered losses of Ft 100 – 200 million due to the disaster in the region.
more travel news »

Malév to save on younger fleet


Hungarian Airlines Malév Rt withdrew its last Boeing 737 Classic yesterday, as part of a replacement project aimed at considerable savings on maintenance and operation, the company's technical director said yesterday.
more travel news »

Slovnaft sells petrol stations in Czech Republic


Hungarian oil group MOL's Slovak refinery unit Slovnaft plans to sell 12 of its 42 petrol stations in the Czech Republic in a bid to optimise its presence on the Czech market, Hungarian daily Napi Gazdaság said on Tuesday.

more business & finance news »

Outlets open doors


The year 2004 saw two “outlet centers” being constructed close to Budapest – each of them a major investment, and collectively representing a new chapter in local retail.

more shopping news »





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