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The privatisation tender of Hungary's loss-making national airline Malev is expected to fail as only one bidder submitted an offer that does not meet tender criteria, daily Magyar Hirlap said on Tuesday.
more travel news »Hungary's main opposition party Fidesz will not back the government's proposal for a capital gains tax next year which means the proposal is unlikely to be passed in parliament, the daily Napi Gazdasag said on Wednesday. more current affairs news »The European Commission on Tuesday approved tire maker Continental AG's acquisition of German automotive supplier Phoenix AG, provided it sold off certain activities to safeguard competition.
more news »The Hungarian Foreign Trade Bank (MKB) issued five-year fixed-rate bonds of a total nominal value of EUR 250 million (HUF 62 billion) on October 21, the largest in the history of the bank.
more business & finance news »DAM Steel Energy Kft, subsidiary and power supplier of DAM Steel Works, is to cut its staff by 100 or 50% of its current workforce within a month, local daily papers reported on Wednesday. more business & finance news »Hungary's mobile carrier Pannon GSM posted HUF 9.5 billion pre-tax profit in the July-September period, 28% more than in the third quarter of last year, the company said on Wednesday. more it & telco news »Tuesday's meeting of the National Interest Reconciliation Council (OET) saw the standpoints of employees and employers on next year's minimum wage near agreement, but differences on a proposal regarding wage increases in 2005 remained significant. more business & finance news »Hungary's ruling socialists have seen their popularity rise since Prime Minister Ferenc Gyurcsany came to power, an opinion poll suggested Monday. more current affairs news »Hungary attempted to look forward Monday, October 25, after it commemorated the 15th anniversary of the fall of Communism this weekend and those who died in the 1956 revolution against Soviet domination.
more current affairs news »European Central Bank President Jean-Claude Trichet said the Hungarian government's plans to increase control over the central bank would violate rules for adopting the euro, Bloomberg reported.
more business & finance news »The operation of online store FotexNet will be suspended for an unspecified period, according to Magyar Hírlap Online. The online store will not be relaunched in its present form, but a new, extended service will be started next spring. more shopping news »Four banks, including Hungary's OTP, have expressed interest in acquiring Croatia's seventh largest bank, Nova Banka, the bank's spokeswoman told Reuters on Monday.
more business & finance news »A huge, 30-metre-long measuring tape symbolising the last 10 days of conscripted soldiers in Hungary is displayed in Budapest’s central Heroes’ Square, with a different guest cutting off one centimeter each day between Monday and November 3, when Hungary switches to an all-volunteer army. more current affairs news »
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