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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 »

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 »





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