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Financial consulting firm Vertis Environmental Finance plans to launch an environmental investment fund by the end of this year, company executives said last week. more news »Last week saw no fewer than three companies being fined by the competition council of the Competition Office, which concluded that their advertisements had misled customers. more news »The company behind the famous annual music festival looks to even out its revenue streams across seasons, media – and countries more entertainment news »Furniture retailer Kika Furnishing Hungary Kft will build up to six new Kika outlets in Budapest and in the provincial cities of Debrecen, Szeged, Gyôr, Pécs and Miskolc in the next two to three years, Attila Juhász, managing director of the company, told the BBJ last week. more shopping news »Hungary's May budget balance improved as value-added tax (VAT) revenues for the month beat forecasts, the daily Magyar Hirlap said on Monday. more business & finance news »Germany coach Rudi Voeller was not pleased with Sunday's 2-0 home defeat by Hungary but warned against drawing too many conclusions from a missed dress rehearsal for Euro 2004. more sports news »The number of Internet subscriptions reached 709,348 at the end of Q1 2004, up 5.3% from the previous quarter, according to figures released by the Central Statistical Office (KSH) on Friday. This is 41% more than in the same period of 2003. more it & telco news »Citing high labor costs and competitiveness problems, Levi Strauss & Co. have announced plans to shut down two plants in the Spanish towns of Soria and Girona, with Poland, Hungary or possibly Turkey named as potential new locations for these capacities, various wire services reported. According to the reports, Levi's current production in Hungary will definitely not be adversely affected by the move, even if the company picks another country to take over manufacturing from the plants in Spain. more shopping news »Multireklám Kft, the Hungarian market leader in outdoor advertising media, has acquired Indoor Media Kft, which operates 432 illuminated Citylight posters in Spar and Interspar supermarkets as well as shopping centers in Budapest and throughout the country. more news »Nabi Bus Industries Rt, the third-largest supplier of city buses in the U.S., announced it had won a $7.8 million order for 25 buses from Florida's Broward County. The order for 40-foot diesel buses will be completed by next May. more business & finance news »The opposition Fidesz Hungarian Civic Union is expected to receive the most votes in European Parliament elections held in Hungary on June 13, according to a last round of polls by Gallup, Median, Szonda-Ipsos and Tarki ahead of a one-week ban on poll publications before the vote. more news »The CEO of HVB Bank Hungary, Matthias Kunsch, has asked the Budapest Stock Exchange (BSE) to suspend its integration process with the Budapest Commodity Exchange, BSE chairman Gyorgy Jaksity announced Friday. HVB recently acquired dominant stakes in both exchanges. more business & finance news »AN ARGUMENT lasting almost 40 years between Slovakia and Hungary regarding the wine trademark Tokai is coming to an end. The Agriculture Ministers of both countries signed an agreement on June 3 by which Hungary officially recognised that the Tokai vineyard area is also located on Slovak territory. more shopping news »
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