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Motor racing-Old cars raise $1.5m for Minardi F1 team


Minardi raised $1.5 million through an auction of old Formula One cars and memorabilia last month, team boss Paul Stoddart said on Monday.

more sports news »

Hungary referendum ends unsuccessful


A Hungarian referendum on Sunday was unsuccessful according to preliminary results, so ethnic Hungarians will not have the chance for preferential Hungarian citizenship, while healthcare privatisation can continue.

more current affairs news »

EasyJet passenger numbers climb 25%


Low-cost airline easyJet carried 2.1 million passengers during November – a 25% increase on the same month a year earlier, it emerged today.

more travel news »

Budapest bourse closes at all-time high after lacklustre trade


After lacklustre trade all day, the Budapest Stock Exchange (BSE) finished 0.6% up at a new historic high of 14,398 points on Monday. Turnover was a mere 6.8 billion, with OTP accounting for one third of it.

more business & finance news »

A new branding concept, or the old one rebranded?


With a new branding concept, Kevin Roberts, CEO of international advertising agency Saatchi & Saatchi, aims to reform brand-building as we know it.

more  news »

Origo opens online movie rental


ISP Axelero Internet Rt has launched Hungary’s first online video rental service, CEO György Simó announced at a press conference last week.

more movies news »

Concorde trusts in film


A brokerage firm’s initiative exploits movie subsidizing rules – benefiting both filmmakers and local companies with an eye on tax breaks
more movies news »

Company registration easier over Internet


Company registration over the Internet is soon to come, since the Ministry of Justice is starting to digitalize existing hard copy registrations from January 2005.
more business & finance news »

Asylum Telecom Introduces IP Telephony Service to Latin American Market


Asylum Telecom LLC, a global IP telephony firm, recently launched channel development efforts in Brazil, becoming one of the first in the industry to offer low-cost phone service in the Latin American market. Delivering services through a growing network of channel partners -- system integrators, Internet service providers, cable operators and traditional service providers -- Asylum Telecom will focus initially on Brazil. Within 12 months, expansion is planned into Mexico, and later into Central and South America.

more it & telco news »

Hungary split 50-50 in citizenship vote-early results


Early results from Hungary's vote on granting citizenship to ethnic Hungarians abroad showed 50.2 percent were against and 49.8 percent supported the move with 791,000 votes counted, which means it will likely fail.

more current affairs news »

Hungary referenda appears to fail


A controversial referendum in Hungary on citizenship rights seemed to fail Sunday due to low voter turnout, the BBC reported.
more current affairs news »

Referendum on ethnic citizenship splits Hungarians


Hungarians voted yesterday in a referendum on whether to offer citizenship to millions of ethnic Hungarians living outside the country, including more than 2m outside the European Union.
more current affairs news »

European press review


Events in Ukraine continue to dominate the European papers.
A Budapest daily takes everyone to task over the invalidated referendum on citizenship for ethnic Hungarians abroad.
Two German dailies comment on Chancellor Gerhard Schroeder's visit to China.
And in France a sniffer dog forgets to sniff!

more current affairs news »

Among new EU members, enthusiasm for the euro cools


FRANKFURT The euro is rising to record levels against the dollar, winning favor as a reserve currency in central banks of countries like Russia and China, and flexing its muscle in bond markets. Yet the currency, which has replaced marks, francs and other national currencies for 300 million Europeans since 2002, is not likely to reach the 75 million newest citizens of the European Union for several more years.
more  news »

Low cost airline Wizz Air secures EUR 25 million financing


Low cost airline Wizz Air announced on Friday that it has secured a EUR 25 million financing package from venture capital firm Indigo Partners and other European investors. The financing took the form of a long-term loan convertible into shares, CEO Jozsef Varadi said.

more business & finance news »





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