Hungarian central bank Governor Zsigmond Járai said on Friday the central bank has more room for interest rate cuts following this week's 50-basis-point easing as long as inflation remains moderate, Reuters reported.

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Most blue chips managed to shrug off a slump in morning trade and finish Friday trade with moderate gains. The general index of the Budapest Stock Exchange (BSE) closed at 12,983 points, up 1.1% up from Thursday, with HUF 9.8 billion turnover, two third of which was generated by MOL.

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Hungary has more to offer than paprika, goulash, and gypsy music or cheap backpacker destinations. Actually, the hotel market in Budapest seems to be in a very good shape: hotel developers are pouring hundreds of millions of dollars into the country and are scrambling to build as many four- and five-star hotels as possible to profit from the increasingly affluent tourists traveling to Hungary.
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Fitch Ratings, the international rating agency, has assigned the Republic of Hungary's forthcoming seven-year EUR 1 billion eurobond an expected "A-" rating, Fitch announced on Friday. The rating is in line with Hungary's long-term foreign currency rating, for which the outlook is negative. The expected rating is contingent upon receipt of final documents conforming to information already received, Fitch noted.

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Having a baby can make you anxious under any circumstances. Being pregnant while living in a strange country can be downright nerve-wracking.

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Magyar Épito to rebuild Ferihegy 1 Construction company Magyar Épito Rt has won an Ft 8.7 billion contract to renovate Ferihegy airport's Terminal 1, Budapest Airport Rt, which operates Ferihegy, announced on Tuesday.
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Delivers Full-Length Music Downloads Over-The-Air to Today’s Mobile Phones Chaoticom, Inc. and Pannon-Hungary today announced the launch of a mobile music service for Pannon customers. Using Chaoticom’s direct-to-mobile music download service, these customers can now browse, preview and download full-length music tracks and master-recorded ring tunes from Warner, V2 and BMG directly to their mobile phones.

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Turnover on the Budapest Stock Exchange (BSE) totalled HUF 14 billion on Tuesday and the general index of the bourse tested an all-time high of 13,106 points during the day and closed 1.2% up at 13,037 points. The mid-cap BUMIX index finished 0.7% up at 1,169 points.

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Hungarian bus maker NABI announced on Wednesday that Los Angeles Metro officials unveiled NABI's 60-BRT buses in North Hollywood on October 15.

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Hungary's Finance Minister Tibor Draskovics told Reuters on Tuesday lower than expected VAT receipts posed a risk to the 2004 budget outcome, a move which analysts said signalled there may be a further deficit revision on the cards.

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A key European Commission report due out on Wednesday will highlight the tough work EU newcomers need to do to join the euro, despite making good progress with many economic reforms.
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The Hungarian Olympic Committee will consider whether to ban its athletes from the Olympics for life after one doping offense.

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The new Hungarian government will make a decision on the country's continued participation in Iraq after the U.S. elections, Kossuth Radio reported Tuesday.
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October 26 - 28
INFOtrend which is already well-known for the trade will be organized for the third time this year. The basic conception is unchanged: B2B businessmen meeting, trade forum of high standard, conference sessions lasting 3 days, and a trade exhibition showing the newest informatic solutions and the hardware and software novelties.
INFOtrend will be accompanied by the 9th Eastern and Central European Cable and Satellite Exhibition which will be held in the same pavilion.
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Defending world champion Vladimir Kramnik of Russia retained his title on Monday by drawing with Hungary's Peter Leko in the Classical World Chess Championship.
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