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UK, Hungary try to simplify draft EU chemicals law


Britain and Hungary proposed on Thursday to slim down a mammoth European Commission plan for the testing and registering of 30,000 chemicals, but member states want to discuss the proposal further, EU officials said.

more  news »

Fazekas changes mind about retiring after one-year ban


Disgraced Olympic discus champion Robert Fazekas has changed his mind about retiring after the Hungarian athletics federation banned him for only a year for a doping offence.

more sports news »

Hungary cenbank Council's Oblath fears forint falls


Hungary's central bank (NBH) would create a risk of substantial falls by the forint if it cuts interest rates too rapidly, a banker regarded as the most dovish member of the Monetary Council said on Thursday.

more business & finance news »

UEFA Cup: Schalke beats Ferencvaros 2-0


Schalke beat Ferencvaros Budapest 2-0 in their UEFA Cup match on Thursday to leapfrog over idle Feyenoord Rotterdam to the top of Group A.
more sports news »

Tesco edges closer to £2bn profit barrier


TESCO’S shares shot to an all-time high yesterday as Britain’s most successful supermarket group moved a step nearer pushing its profits through £2 billion this year following another impressive sales performance.

more shopping news »

A new spring for Four Seasons


Paris. Milan. Budapest. Prague. Isadore Sharp is on a whirlwind European tour to meet employees of Four Seasons Hotels and Resorts and tell them how the business is performing.


more  news »

US campaign behind the turmoil in Kiev


With their websites and stickers, their pranks and slogans aimed at banishing widespread fear of a corrupt regime, the democracy guerrillas of the Ukrainian Pora youth movement have already notched up a famous victory - whatever the outcome of the dangerous stand-off in Kiev.
more current affairs news »

OTP makes binding bid on Croatia's Nova Banka


Hungary's OTP Bank said on Wednesday it has made a binding bid on a 95.59% stake in Croatia's seventh largest bank, Nova Banka.

more business & finance news »

New player in Telco arena


US telecommunications company Net2Phone decided to enter the Hungarian market in the near future, announced Solomon Gahtan, the company’s leader responsible for the Eastern European region on Internet portal Isite. Net2Phone will provide telephone services through the Internet to both retail and business clients. Gahtan cited new opportunities and favorable market conditions as motives to the move. (Vg 8) R.G.

more it & telco news »

Richter to keep focus on organic growth


Hungary's leading pharmaceuticals firm Richter Gedeon Rt will continue to focus on organic growth in the future, chief executive Erik Bogsch told daily Napi Gazdaság in an interview on Friday. Bogsch acceded to the interview on occasion that that the shares of his company debuted on the Budapest Stock Exchange 10 years ago.

more health & wellness news »

Stars line up in Hungary to promote Being Julia


A MOVIE that takes the viewer to the theater. A movie which puts stars like Annette Bening and Jeremy Irons on the red carpet before Uránia mozi on Rákóczi út on its premier in Hungary. A movie where Budapest plays London of the '30s.

more movies news »

The same philosophy as Europa Design


The same philosophy as Europa Design, that is: serious goals can only be achieved through quality service in a real European Europa Design Office Ltd was founded with the intention of upgrade the level of the domestic office interior culture.
more real estate news »

TriGranit may win top Romanian project


TriGranit Rt, a real estate company controlled by Hungary's second-richest man, may win a contract for a USD 1.3 billion development project in Bucharest, the largest ever in the Romanian capital, daily Ziarul Financiar reported.
more business & finance news »

FinMin plan EVA tax


The Finance Ministry is planning to propose a new eva-type tax to be initiated from 2006 for companies with higher revenue and costs, announced Finance Minister Tibor Draskovics at a parliamentary hearing yesterday.
more business & finance news »





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