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New budget airline from March


Irish low-cost carrier EUjet is set to launch flights between Budapest and Manston, Kent, from March, the company confirmed last week. Starting on March 28, two weekly flights will connect Kent International Airport – 50 miles east of London – with Budapest’s Ferihegy Airport.

more travel news »

Risks seen in Matáv’s new bid


Hungary’s largest telecom, Matáv Rt, is likely to acquire Montenegro’s state telecom company, but this might not be a very advantageous deal for Matáv and needs to be followed by some larger buyouts, analysts told the BBJ.

more it & telco news »

Hungarian Finmin sees 2005 budget on track


Hungary's budget should stay on course both in January and all of 2005, Finance Minister Tibor Draskovics said on Tuesday, voicing confidence the new EU member will avoid overshoots that have plagued it in the past.

more business & finance news »

UN Assembly to convene Auschwitz commemoration day


A majority of the 191-member General Assembly agreed to a special session this month to mark the 60th anniversary of the liberation of Nazi concentration camps, the United Nations announced on Tuesday.

more current affairs news »

Hungary expects to spend HUF 15 trillion on EU-backed developments in 2007-2013


Hungary's second National Development Plan (NFT), a program governing the use of EU funds in 2007-2013, could facilitate developments totaling HUF 15 trillion (USD 79 billion) in the country over the period, prime minister Ferenc Gyurcsany said at a conference on national development.
more  news »

State Airline Gets No Bailout


Malév Hungarian Airlines Rt. will receive neither a capital raise nor other forms of subsidies from its 99.95% owner, the State Privatization and Asset Management Rt. (ÁPV).

more travel news »

OTP Managers Trade Own Shares


Top executives of Hungary’s largest bank OTP Bank Rt. have been buying and selling large numbers of OTP shares recently, cashing in on skyrocketing share prices.

more business & finance news »

Auto dealers set to sue state


The National Associations of Hungarian Auto Dealers (MGOE) announced that it would sue the Hungarian state, claiming that the registration fee introduced last year and fees imposed on used cars of 4–8 years old 50% higher than on new ones, should be paid in proportion to the value of the car.
more getting around news »

Hungary OTP EPS upped,target dropped


Investment bank JPMorgan has raised its earnings per share forecasts for Hungary's biggest private sector bank, OTP , but has suspended its price target for the stock after its strong rally.

more business & finance news »

MOL consortium makes 2nd Pakistan Tal find


Hungary's MOL said a consortium in which it holds a 10 percent stake had made a second discovery of oil and gas in the Tal Block, located in the Northern Western Frontier Province of Pakistan.

more business & finance news »

Hungary Nov industrial output beats expectations


Hungary's industrial output rose faster than expected in November as exports remained steady and domestic sales bucked a recent slower trend to produce modest growth, the Central Statistical Office (KSH) said.

more business & finance news »

Hungary trio won't beton on for Livi yet


LIVINGSTON have failed to bring in three Hungarian players in time to play in tonight's tricky Scottish Cup tie against Morton.
more sports news »

Businessman Nobilis buys 49% stake in portal site Index for HUF 1 billion


Hungarian businessman Kristof Nobilis, one of the country's richest men, has acquired a 49% stake in Index.hu Rt, the operator of portal site Index, according to the daily Nepszabadsag. The purchase price was reportedly around HUF 1 billion.

more business & finance news »

PM Criticized For Pope Visit


Prime Minister Ferenc Gyurcsány was loudly criticized by Hungarian opposition for his statements during his recent visit to Pope St. John Paul.

more current affairs news »

K&H Ordered To Compensate Clients


The arbitration court of the stock exchange ruled that K&H Equities Rt. has to pay Budapest’s District 10 Municipality HUF 3.4 billion in compensation for damages.
more business & finance news »





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