Europe's top phone carrier Deutsche Telekom is looking to the countries that joined the European Union this month for the growth it does not see at home anymore, its boss told shareholders on Tuesday.
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The European Union's offer to scrap agricultural export subsidies in a bid to restart world trade talks must be matched by similar concessions from other countries, French President Jacques Chirac said on Tuesday.
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Coach Ottmar Hitzfeld is to leave Bayern Munich at the end of the current season.The veteran coach was informed of the decision over a friendly dinner with general manager Uli Hoeness on Monday night.

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The Hungarian government is to invite tenders for 3G licences by the end of August, its IT and Telecom Minister Kalman Kovacs announced earlier this week. Four licences will be offered, though Kovacs said he expected only three of them to be taken up.
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Export growth could be in the double digits this year, while the foreign trade deficit could improve significantly, Istvan Major, deputy state secretary at the foreign ministry told reporters on Tuesday.
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Parliament approved Monday evening an amendment to excise tax regulations that could lead to lower fuel prices as early as this weekend. The amended law will authorize the government to modify the excise taxes levied on motor fuels, to partially offset the effect of drastically rising world fuel prices.
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The Ministry of Economic Affairs and Transport (GKM) has selected three of the four consortium bidders to advance into the second round of the tender invited for the construction of a 57 km stretch of the M6 motorway, the ministry informed Interfax.
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A Challenge Day will be organized for the 14th time in Hungary on 26 May.
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At the start of May, Siemens management announced the relocation of 2,000 jobs from its factories at Bocholt and Kamp-Lintfort am Niederrhein to Hungary, where, due to significantly lower wages, production costs are considerably lower than in Germany.
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"We can reach the 4% inflation target at the end of 2005," according Zsigmond Jarai, governor of Magyar Nemzeti Bank (MNB), Hungary's central bank. MNB's Quarterly Report on Inflation, published on Monday, forecasts a year-on-year increase in the consumer price index (CPI) in December 2005 of 4.0%, with the risks surrounding the forecast now symmetric around the target.

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Twelve months have passed since a U.S.-led coalition of troops invaded Iraq and toppled Saddam Hussein's ruthless regime. The most-touted reason for the war—the argument that weapons of mass destruction posed an imminent threat to the United States—has since been largely discounted.
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Germany's RWE Umwelt AG, a full-service supplier in the environmental services field, has agreed to sell its assets in Hungary and the Czech Republic to Austria's Energie AG Oberosterreich, the companies announced. The sales price was EUR 27.6 million for the Czech and EUR 11.1 million for the Hungarian assets.

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Budapest transport company BKV Rt will finance Ft 9 billion of the second metro line's renovation project in 2004, CEO Botond Aba said. The total cost of the five-year project is Ft 43 billion, which will be financed 75% by a loan from the European Investment Bank (EIB) and 25% from the Budapest City Council's own resources.
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Wizz Air has signed an agreement with Indigo Partners LLC of the U.S. on a Euro 20 million inward investment. Wizz Air plans to raise the same again from European investment funds.
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The price of petrol and diesel will go up by Ft 6/litre on Wednesday, fuel distributor MOL Rt said on Monday. The step became necessary in light of the high international oil prices, the company said. From Wednesday, May 19, 95 octane unleaded petrol will cost Ft 254.50/litre and diesel Ft 224/litre.
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