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Hungary’s forint opened easier to the euro and showed great volatility in early morning trade on Friday. After a significant rise on Thursday government bond yields kept on climbing on the secondary market. The US dollar continued to firm versus the euro, while it stagnated against the yen. more business & finance news »German Jan Ullrich won the Tour of Switzerland by one second on Sunday after a blistering performance on the final 25.6-km time trial around Lugano. more sports news »Philip Morris International said on Friday it will close its Hungarian cigarette factory in Eger, some 100 kilometres northeast of Budapest, which currently employs 348 people. more business & finance news »Team by team analysis of Sunday's U.S. Formula One Grand Prix (teams listed in 2003 championship order): more sports news »Hungary’s second largest hypermarket operator by revenues, Auchan Hungary Kft, will open a new hypermarket and three discount gas stations by the end of this year, and expects a two-digit growth in revenues in 2004, Managing Director Jean-Paul Filliat said last week. more shopping news »Adding the latest twist to the protracted saga of a major city rehabilitation project, real estate development group Futureal Holding has bought a 75% stake in Corvin Real Estate Development, Construction and City Rehabilitation Rt. more real estate news »Chinese house church leader Xu Shuangfu’s whereabouts and condition are unknown, and Chinese Christians fear for his life after another believer was tortured to death by Chinese police, the Voice Of the Martyrs (VOM) said Friday, June 11. more current affairs news »A total of 580 jobs are to be lost at a Leeds car parts plant when production shifts to Hungary, it has emerged. more getting around news »Hungary’s K&H Bank said on Friday that its after-tax profit jumped by 83% year on year to HUF 7.84 billion in the first quarter of the year, while its operating profit after provisions went up by 7.6% to HUF 5.4 billion from the corresponding period in 2003. more business & finance news »The lives of many thousands of children could be saved by making the world they live in less dangerous, researchers said today. more news »Long after their deaths, former Soviet leader Nikita Khrushchev and Hungary's communist party boss Janos Kadar have had a case relating to their roles in the execution of Hungarian Prime Minister Imre Nagy dropped. more current affairs news »The Dewan Filharmonik Petronas continues with rich Hungarian tradition as the Budapest Festival Orchestra returns to our shores. more community & culture news »For the second time in as many meetings with the Hungarians, the U.S. men’s water polo team was edged by a single goal. Today (Thursday), the reigning World, Olympic and World League champions were able to post a 9-8 win over Team USA in the first of two World League games this weekend in Budapest, Hungary. The loss puts the U.S. at 2-1 in league play, while Hungary improves to 3-0. more sports news »
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