Negotiations point into the direction that Hungary’s incumbent operator Matáv stands the best chance to win ownership over Telecom Montenegro, Financial Times Deutschland reported on Thursday, quoting local press information as the source.

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The government’s recent efforts to cap fuel prices have helped avoid protests by freight forwarders. However, lowering the rate of excise duties is only a temporary solution against rising oil prices.

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State-owned Hungarian News Agency (MTI) claims extra funds from Parliament after slipping into the red. The company also lost two of its key customers.
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New EU members in central Europe face growing budget pressures that will be politically tough to tackle, European Bank for Reconstruction and Development (EBRD) Chief Economist Willem Buiter said on Thursday.

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A Hungarian soccer player collapsed and died on the pitch during a training session, Hungarian website Nemzetisport reported on Thursday.
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Levi Strauss & Co. said on Thursday it plans to close two sewing plants in Spain and lay off 453 workers as the struggling jeans maker looks to cut costs and reverse seven years of slumping sales.
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Home to the world's first nationalised film industry and first journal of film, Hungary is now setting its sights on becoming the Hollywood of the new Europe.
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Avery to Athens
World Champs Take a Detour to Stanford for Pre-Olympic Tangle with Hungary

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A Hungarian footballer collapsed and died on the playground during a training session, Hungarian website Nemzetisport reported on Thursday.
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In its 2003/2004 financial year, which ended on May 31, Budapest-based Dreher Breweries Rt sold 2.4 million hectoliters of beer, a 5.7% rise in volume terms from a year earlier, CEO Mike Short announced yesterday. Dreher had sales of Ft 40.5 billion, up 12.8% in a year, matched by the rise in pre-tax profit, Mr. Short said.
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Brake systems manufacturer Knorr-Bremse Fékrendszerek Kft officially opened its Central-European regional logistics hub at the Budapest Intermodal Logistics Center (BILK). The facility was built at a cost of over Ft 1 billion.
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Austrian companies have acquired a majority stake in Budapest Stock Exchange Rt (BÉT). The transaction has triggered a turmoil on Hungarian capital markets.

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As part of a three-year program, the Bosch group will invest Euro 150 million in northern Hungary by 2006, Minister of Economy and Transport István Csillag announced yesterday.
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Hungary on Wednesday set an extraordinary Parliament session to get authorisation for keeping drug prices under control after the Constitutional Court recently annulled a price freeze.
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Hungary's 2004 economic growth outlook has risen after the country posted an unexpectedly strong rise in first quarter gross domestic product, analysts said.
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