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BSE continues upward trend

The Budapest Stock Exchange staged another strong rally today. The main BUX index rose 0.5% to 12,064 points in average trade with total volumes coming in at HUF 6 billion. The mid-cap BUMIX index finished up 0.3% at 1,138 points.

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MOL board chair sells company shares

Bernadett Birinyi Landesz, Chairwoman of the Supervisory Board at MOL Földgázellátó Rt., MOL Földgázszállító Rt. and MOL Földgáztároló Rt. companies sold 200 MOL shares at HUF 8,960 each on the Budapest Stock Exchange on August 26, with the assistance of MKB Rt. as investment service provider.

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Olympics-Canoeing-Spain's Cal shocks favourite to win C1 1,000

Spain's David Cal caused an upset at the Olympic canoeing regatta on Friday to beat firm favourite Andreas Dittmer in the men's C1 1,000 final.

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Themis , Gedeon Richter sign agreement

Themis Medicare Ltd has informed BSE that the company and Gedeon Richter Ltd (Budapest, Hungary) signed an agreement on August 24, at Budapest to establish a company for manufacturing Active Pharmaceutical Ingredients (APIs) and intermediates mainly for exports.

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Rich businessman named prime minister

The ruling Socialist Party chose one of Hungary's richest businessmen yesterday to become the new prime minister, resolving a split with a smaller party that had threatened to undo the center-left governing coalition.

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Olympics-Handball-France come back to beat Hungary

France beat Hungary to advance to the semi-finals of the Olympic women's handball competition in Athens on Thursday, repeating their comeback win at last year's world championship final.

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Men's K2 500m : Hungary will defend Olympic title

Zoltan KAMMERER and Botond STORCZ (HUN) will defend their Olympic title as they qualified for the final by winning the K2 500m semifinal 1.
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Millionaire chosen to lead Hungary

Socialists pick Gyurcsany to replace outgoing prime minister
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Draskovics ready to serve new Hungary gov

Hungarian Finance Minister Tibor Draskovics told Reuters on Wednesday that he would be willing to serve in the elected Socialist Prime Minister designate Ferenc Gyurcsany if asked and if policy was maintained.

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Bosch sets up university department

German engineering giant Bosch has pledged Euro 1 million to set up a Mechatronics department at the University of Miskolc which it will use for research and development, under an agreement signed yesterday.
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Synergon wins Ft 90 Mln order from MOL

Computer services company Synergon Rt, said it won an order worth Ft 90 million forint from Oil and Gas company MOL Rt. Synergon will provide operations support services for MOL's natural gas transport unit for one year, the company said in an e- mailed statement.
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CEE bourses unshaken by political turmoil

After Poland and the Czech Republic, Hungary is the third new EU member to get a new prime minister within a matter of months of the European parliamentary elections.

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Forint market muted, dollar gathers momentum

Defying the protracted political limbo, the forex market continued to keep its poise on Wednesday with the forint still holding steady against the euro.
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Oracle targets healthcare reform

IT can play a crucial role in the reform of social services, according to Péter Füzes, managing director of Oracle Hungary Kft.

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Home lending continues to drive household loan growth in July

The rise in household loans in July continued to be driven by rapid expansion of home loans, according to statistics published by central bank MNB on Wednesday.

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