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Hungary rate cut heralds more easing, budget a risk


Hungary's central bank (NBH) delivered its seventh and last rate cut for 2004 on Monday, and monetary easing is set to continue next year when an enlarged Monetary Council may pursue a more dovish policy.

more business & finance news »

U.S. agrees to Nazi "gold train" settlement


The U.S. government has agreed to settle a lawsuit with tens of thousands of Hungarian Holocaust survivors over a trainload of gold, jewelry and other property seized by the U.S. Army at the end of World War Two, lawyers said on Monday.

more current affairs news »

Hungary 2nd EU member to ratify new constitution


Hungary approved the new European Union constitution in a parliamentary vote on Monday, becoming the second member in the 25-nation bloc, after Lithuania, to do so.

more  news »

MOL's Slovnaft rejects results of fuel price investigation, protests SKK 1.3 billion fine


Slovnaft, the Slovakian subsidiary of oil and gas company MOL, said on Monday that it rejects the findings of the fuel price investigation conducted by the Slovakian finance ministry, and called the whole process "lacking in legality and counter to the rules of a free market economy."
more business & finance news »

Hungary's unit in Iraq leaves war-torn nation


The last of Hungary's 300 soldiers serving in a transportation unit south of Baghdad left Iraq on Monday and will be home in a few days, a Defense Ministry spokesman said.

more current affairs news »

Hungarian Parliament ratifies Constitution


The Hungarian Parliament yesterday (20 December) ratified the European Constitution by 304 votes to nine. There were eight abstentions and 64 members of the parliament were absent at the time of the vote, according to the BBC.
more  news »

The Doctor Is In


More and more expat women are opting to have a baby abroad rather than return to their home country. In the below article, Dr. Kinga Jokay of Budapest's Roszakert Medical Clinic translates the general advice on feeding your baby as outlined by the American Academy of Pediatrics into the Hungarian milieu.
more health & wellness news »

Sanoma does not buy Index.hu


Finnish-owned publishing giant Sanoma will not buy Hungarian news portal Index.hu. According to our information the negotiations flopped in an advanced stage as the buyer and the seller failed to co-ordinate their ideas.

more business & finance news »

What is the speed of your Internet connection?


"The speedometer is a free service of A BELTRÓNICA. From now on it is at your disposal whenever you wish to know the speed of your access at every moment you are connected to the Internet."
more  news »

Taverna to invest Ft 2 bln in dev’mnt


Hotels and catering company Taverna Holding Rt plans to invest Ft 2 billion in developments next year in its hotel chain and restaurants, the company’s CEO László Tárnoki announced.
more business & finance news »

Sykes gets Samsung tender


Sykes Central-Europe Kft won a Samsung tender to run call center services for the company's whole product range in Hungary, regional CEO of Sykes, György László said.
more business & finance news »

Járai: EU membership saved Hungary from collapse


Hungary's economy has been saved from a collapse only by its European Union membership, National Bank of Hungary's Governor Zsigmond Járai told national radio on Sunday.

more business & finance news »

Hungary APV says no to 3bln forint Malev subsidy


Hungarian privatisation agency APV has advised the government not to give the 3 billion forint ($16.34 million) cash injection to loss-making national airline Malev as the company was doing better than expected.

more travel news »

Europeans don't want violent TV for Xmas-survey


Europeans would like to see TV violence banned during the Christmas season, according to a poll of viewers in 11 countries, and would forsake sports for a good family movie.

more entertainment news »

The world's second-youngest grandmaster


Ngoc Troungson Nguyen is a name you're going to have to remember. The lad from Vietnam, blessed with a 2527 rating, has just completed his third GM norm at the First Saturday tournament in Budapest – just over two months shy of his 15th birthday. A number of IM norms were made by other players, none older than 17.
more sports news »





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