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Ericsson selected to deliver T-Mobile's UMTS network in Hungary


Ericsson has been selected by T-Mobile Hungary, a mobile operator in Hungary who recently have been awarded a 3G license, to roll out its 3G network. A letter of intent is signed for a framework agreement where Ericsson will provide radio access and core network systems and equipment, including related network roll out services.
more it & telco news »

Rock 'n' roll diplomacy shakes up a New York club


The U.S. ambassador to Russia really rocked _ on drums.
And the Hungarian ambassador to the United States rocked, too _ on lead guitar.
more entertainment news »

Siemens excluded from MÁV tender


Siemens Rt has been excluded from the tender of Hungarian Railways MÁV Rt to supply trains for its suburban lines, according to unnamed sources. MÁV announced the tender last September and will spend Ft 40 billion on the purchase of new trains.
more getting around news »

Hungary MOL names new intl upstream boss


Hungarian oil and gas company MOL said on Thursday it had appointed Ray Leonard, most recently vice president exploration and production with Russia's Yukos, as the head of its international upstream business.

more business & finance news »

EC Handball: Norway won thriller finals


Norway's women had to fight for it, but won Sunday's final against Denmark in the European Handball Championship for women in Budapest 27-25, after 11-11 at half time.

more sports news »

What's New in European Travel


Europe is constantly changing — and the changes are nearly always good news for sightseers. After updating my guidebooks for each country in Europe, here’s the latest for 2005 in the first of three installments.

more travel news »

ComGenex Announces Multi Year Research Collaboration With Hoffman-La Roche


Hoffmann-La Roche Inc. and ComGenex Inc. announced today that they have entered into a research collaboration agreement. Under the terms of the agreement ComGenex will use its high throughput medicinal chemistry platform technologies to support Roche's internal lead generation for drug discovery and development programs. Financial terms of the collaboration were not disclosed.
more business & finance news »

Hungary says Germany to store 500,000T grain


Germany has offered Hungary storage space for around 500,000 tonnes tonnes of grain, a quarter of the 2 million tonnes Hungary had requested, Hungary's Agriculture Ministry said on Friday.

more business & finance news »

Hungary govt, banks sign letter of intent to support housing programme


Finance Minister Tibor Draskovics, István Kolber, Minister without portfolio responsible for regional development, and Tamás Erdei, President of the Hungarian Banking Association, signed a letter of intent for the so-called Fészekrakó programme. The government aims at helping the housing problems of young people with the programme.
more real estate news »

Hungary meets EU target with 4.5 percent deficit for 2004


Hungary's public deficit for 2004 came to 4.5 percent of gross domestic product (GDP), in line with a target set by the European Union for the new member state, the finance ministry said Friday.
more  news »

2004 in Review -Buying MobilTel


THE purchase of MobilTel by Telekom Austria, which was launched in November 2004, became the largest private deal Bulgaria has seen in its modern business history.

more it & telco news »

Less than half of Hungarians back euro entry-survey


Less than half of Hungarians support the country's future entry to the euro zone according to a recent opinion survey, the National Bank of Hungary (NBH) said on Thursday.

more  news »

EU has 3.24 mln T wheat offered to intervention


The European Union's intervention stores have received offers totalling 3.24 million tonnes of wheat since opening on Nov. 1, official data showed on Thursday.

more  news »

Delta Galil Closes Logistics Centre On Losses


Israeli clothing company Delta Galil Industries has shut down its Hungarian logistics centre due to losses registered at the end of 2004.
more business & finance news »

MOL appoints former Yukos exec to head international upstream activities


Hungarian oil and gas group MOL announced that on 1 January 2005 it appointed former Yukos senior executive Ray Leonard to lead the company's international upstream activities.

more business & finance news »





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