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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 »

AH’s Vodafone sale eases privatization


After much delay attempting to hang onto its once prized stake in Vodafone Hungary Rt, the soon to be fully privatized broadcaster Antenna Hungária Rt is to part company with the stake by the end of 2004.

more it & telco news »

Fresh Malév tender ahead by year-end


State-owned Malév Hungarian Airlines Rt will not receive an earlier expected Ft 3 billion (€12.1 million) government subsidy, in line with a decision of the State Privatization and Holding Rt (ÁPV), holder of 99.95% of the airline, which said the financial situation of Malév can be remedied from the company’s own assets.

more travel news »

Punjab Tandoori Restaurant


Dist. 13, Pannónia u. 3
Tel: 270-2974
Open daily, noon–11 p.m.
more dining guide news »

Chirac pledges EU poll 'before summer'


French President Jacques Chirac has said that his country will have a referendum on the European Constitution before the summer.

more  news »

Travel boom expected in Eastern Europe


The first thing the traveler should know about the expansion of the European Union, which happened officially on Saturday, is that, contrary to widespread expectation, not much will actually change in the short term.
more travel news »

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.

more business & finance news »

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.

more movies news »

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.

more business & finance news »

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.

more sports news »

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.

more business & finance news »

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.
more  news »

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.

more business & finance news »

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.

more  news »





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