Today is : Monday,1st May 2017

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» Clean stoves can save women's lives in Asia, Africa - Feature

» Report: Mentally ill children neglected, starved in Bulgaria

» 50 million dollars allegedly missing from Ukraine swine flu fund

» Ascent Resources buys further consessions in Hungary
Ascent Resources plc, has acquired a 60% interest in the 1,990-square-kilometre Igal-II exploration permit in Central Hungary though its 60% equity interest in Hungarian company Pelsolaj kft...

» Audi to announce EUR 1 bn investment in Hungary today - source (2)
(Adds details from another source) German automaker Audi, which is owned by Volkswagen, could announce an investment of EUR 1 billion to expand its production plant in northwest Hungary, a source...

» Hungary MOL boosts revolving credit facility by EUR 50 m
Hungarian oil and gas group MOL has announced on Thursday that it increased the amount of a revolving credit facility by EUR 50 million. “On 22 September 2010 the amount of the revolving...

» Hungary draft media rules evoke laws in “totalitarian regimes" - OSCE
Hungary's heavily criticised new media law was reminiscent of a totalitarian regime, said Dunja Mijatovic, the media freedom representative of the Organization for Security and Co-operation in Europe...

» Your Weekend Forecast For Budapest, Hungary
Chance of Precipitation: Fri: 10% / Sat: 20% / Sun: 60%. For complete forecast details...

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» Pollen Trend for Budapest, Hungary
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» Current Weather Conditions In Budapest, Hungary
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» Your Local Doppler Radar
This map shows the location and intensity of precipitation in your area. The color of the precipitation corresponds to the rate at which it is falling. This map is updated every 15 minutes.

» Hungary c.bank not in rate hike mood, ball is in the govt's court - Portfolio.hu Poll
Hungary’s central bank (NBH) will leave its base rate on hold at 5.25% next Monday, analysts agreed in a Portfolio.hu poll on Wednesday. While there is no split on the market in this regard,...

» Audi plans in Hungary to be unveiled tomorrow by Chairman, PM
Viktor Orbán, Hungary’s Prime Minister, and Rupert Stadler, Chairman of the Board of Management of AUDI AG, are to hold a joint press conference on Thursday in Budapest, where they are expected...

» Dusk is setting in on the European solar energy market
News keeps flooding in about European states that have championed renewable energy resources; with the majority currently reconsidering their subsidy policies. Any changes could easily reshuffle the...

» EBRD to step up renewable energy financing in CEE - Portfolio.hu Interview
What role does the European Bank for Reconstruction and Development (EBRD) play in making the energy supply of Central and Eastern Europe greener? Does it have favourite technologies to support? How...

» World Stars Ballet Gala
The Hungarian State Opera House hosts the 18th World Stars Ballet Gala on Saturday 25 September.

» Hungary Magyar Telekom to start selling iPhone 4 on Friday
Magyar Telekom will star selling Apple’s highly-awaited iPhone 4 on Friday, local newswire MTI reported on Wednesday. The debut will take place in MTel’s T-Point store in Budapest’s...

» ANALYST VIEW - UniCredit downgrades Hungary's MOL
UniCredit has lowered is rating for Hungarian fuels group MOL to 'Hold' from 'Buy'. More to follow! 2010.09.16 09:01 ANALYST VIEW - Goldman Sachs downgrades Hungary´s MOL ...

» INSTANT VIEW - Hungary retail sales surprise on the upside, grow m/m, yr/yr (5)
(Adds comment by UniCredit) The volume of retail sales in Hungary rose by 1% in monthly terms in July, according to data adjusted seasonally and by working days, following an 0.1% drop in June, the...

» Hungary retail sales rise for the first time in 3.5 years
The volume of retail sales in Hungary rose by 1% in monthly terms in July, according to data adjusted seasonally and by working days, following an 0.1% drop in June, the Central Statistics Office...

» Hungary CIG Pannónia to raise capital via share issue in Oct, go public in Nov
The shares of CIG Pannónia Life Insurance Company will be floated on the Budapest Stock Exchange (BSE) on 1 November after a public offering at a price of HUF 938 per share between October 11 and 22,...

» Hankook to start truck tire production, continue expansion in Hungary
Hankook, South Korea’s largest tire maker, plans to expand its Hungarian plant further and start producing tires truck tires, as well, in the medium-term, the company has announced on Tuesday. ...

» ANALYST VIEW - Hungary public funding needs likely to rise in 2011 - Citi
Hungary’s Government Debt Management Agency (ÁKK) has recently published key figures of the planned bond issuances for 2011. On Tuesday, Citi has reiterated its earlier view that public...

» Budapest Váci utca slips in Main Streets ranking, Fifth Avenue remains the world's most expensive
Most of the world’s top retail locations have remained resilient during the last twelve months, with Latin America and Asia-Pacific showing the most positive rental growth, according to Cushman...

» OMV to acquire Petronas’ operations in Pakistan
Austrian fuels group OMV has announced on Tuesday the signing of a contract to acquire Petronas’ oil and gas exploration and production interests in Pakistan by a corporate acquisition. OMV...

» Hungary expects new talks with Russia on Surgut/MOL soon
Hungary expects to hold a second round of talks with Russia's government in the near future on the 21.2% stake Surgutneftegaz holds has in Hungarian oil and gas group MOL, Hungarian Development...

» Huge interest for Hungary's 3-month T-bills, issuer lifts auction HUF 15 bn
Hungary’s Government Debt Management Agency (ÁKK) has received massive HUF 202 billion worth of bids on HUF 50 bn 3-month discount Treasury bills (D101229) at an auction on Tuesday. Primary...

» GM to invest EUR 500 m in Hungarian Opel plant, create 1,000 jobs
General Motors will invest EUR 500 million to expand capacity at its Opel engine manufacturing plant in Hungary, creating about 1,000 jobs. According to the announcement made on Tuesday by...

» Songs remain the same 30 years on with Letz Zep
Tribute band Letz Zep will revive classic songs by legendary group Led Zeppelin on Friday, 24 September at Papp László...

» Athlete plans to give winner's medal to slain Kiwi's family
A New Zealand triathlete who met fellow Kiwi Warwick White at a competition in Hungary - hours before White was killed - wants to give his winning medal to the slain man's family. James Brown, originally from Howick in Auckland,...

» Ninth Falk Art Forum
Galleries and auction houses along Falk Miksa utca will again host the Falk Art Forum on Saturday, 18 September. This...

» Dalai Lama sells out
Tibetan Buddhist leader the Dalai Lama visits Budapest for the seventh time on 17-20 September.

» Sexuality, drugs & rock ’n’ roll
In true alternative rocker style the British band Placebo walks hand-in-hand with fame and infamy. The band has released six...

» Sister of slain Kiwi bringing body back
The family of a New Zealander murdered in Hungary say they are living a nightmare and are focusing on bringing his body home. Warwick White, 48, a competitor in the world triathlon championships, died in the capital, Budapest,...

» NZ athlete slain in street
A man was arrested last night for the murder of a New Zealand athlete, stabbed to death in Europe hours after competing in the age-group Triathlon World Championships. Warwick John White was found bleeding heavily on a street,...

» Film advisers get boot in door with novel idea
The courtyard of a disused agricultural storehouse in Zámoly near Székesfehérvár offered up an unusual sight recently as two dozen...

» Triathlon: Gemmell wary of the risk-takers
New Zealander Kris Gemmell is wary of the risk-takers going into this weekend's triathlon world championship series finale in Budapest. Gemmell, ranked 33rd in the world, believes the sport is changing rapidly, and further evidence...

» Fresh paint!
Fresh 2010 exhibition at the Kogart House. Recent arts graduates are presenting their degree works on the theme of “street...

» Spinoza Jewish Festival this week
The Jewish Summer Festival is barely over and it is already time for the next Jewish festival. The Spinoza Jewish...

» Cultural centre spotlights everyday ‘hidden’ Israel
‘Culture of Israel like a polyphonic piece of music’. It has become a tradition for the focus to be on...

» Songs are busting out all over
Budapest promises to be full of music on Sunday, 12 September when the fast-growing Day of Hungarian Song is held...

» Robert Amsterdam: Xenophobic Nationalism Clouds Hungary's Elections
On March 15th, tens of thousands of people filled the streets of Hungary's beautiful capital Budapest, ostensibly to celebrate the 162nd anniversary of the 1848-1948 revolution and war of independence.

» La Verne conductor prepares church choir for concert tour of her Hungarian homeland
Nike St. Clair passionately defines what music is to her and can be for people of diverse persuasions.

» Legendary Hungarian Fencer Aladar Gerevich's 100th birthday celebrated
Gyorgy Gerevich and Pal Gerevich pose besides the statue of Aladar Gerevich on the celebration marking the 100th birthday of the legendary Hungarian Fencer in the National Sports Hall in Budapest, Hungary, March 26, 2010.

» Domingo returns after cancer, singing privately
Placido Domingo says he is still tender following surgery to remove a cancerous polyp from his colon, but he has returned to work and resumed singing in private - and plans to be back on stage in a couple weeks.

» Rise of Conservative right alarming Hungary's Jews
Hungary banned the Hungarian Guard, a paramilitary organization pictured here and affiliated with the far-right Jobbik party, in 2009.

» From Poland to Hungary, Gazprom takes stealth route to domination
Last week's square-off over gas supplies to Ukraine comes against a pattern of moves in which Gazprom and other Russian energy firms have sought to extend their influence by trying, secretly, to secure control of Central European oil and gas compa ...

» Pilot shares air-to-ground support experiences with Hungarian Air Force
Capt. Jozsef Jonas, 75th Fighter Squadron executive officer, poses here in February on top of a Mig-29 Fulcrum in on KecskemA©t Air Base, Hungary.

» The new Hungarian Civil Code: Part IV
Leasing, factoring and trust - New types of contracts in the Civil Code. The new Civil Code regulates new types of contracts that were previously regulated by other laws or were not regulated at all, but recognised by the courts. The new regulations ...

» Pannon brand’s days are numbered
Hungary’s second largest mobile services provider Pannon plans to begin using its Norwegian parent company Telenor’s name.

» Car rental co. rails against financial machine
Regina says its done right by the banks but feels betrayedRegina Autókölcsönzõ Kft is now only willing to place deposits and purchase prices paid by its customers in escrow accounts after – it claims – several financial institutions caused the compa ...

» Hungarian official suspended over Israeli military exercise
The head of the air transport division of Hungary's National Transport Authority has been suspended over an Israeli military exercise in Hungarian airspace, Transport Minister Peter Honig said on Wednesday.

» Hungarian Guard prevents Roma from attending Jobbik party meetings
Hungarian Guard prevents Roma from attending Jobbik party meetings Budapest, 22.3.2010, 14:02, The TASR Agency reports that uniformed members of the banned Hungarian Guard have prevented about 10 local Roma from attending a meeting of the neo-fasc ...

» Hungary to hold talks on Kyoto offset sales
Hungary will hold talks this week over the potential sale of more Kyoto carbon offsets, the Hungarian environment ministry said on Monday.

» Hungary, Serbia sign defense deal
Serbian and Hungarian defense ministers Dragan Sutanovac and Imre Szekeres signed a defense cooperation agreement in Belgrade on Monday.

» Hungary's sale of 'used' CO2 credits worries carbon traders
Hungary's sale of 'used' carbon credits - or 'hot air' as environmentalists call them - had harmed the reputation of cap and trade, an industry lobby said on Friday , but analysts expected little price impact.

» Rubik's Cube Still Confounds At 30
It has been 30 years since one of the world's great puzzles came to this country.

» Leipzig Book Fair opens with prize for Hungarian author
The Leipzig book fair opened to the public yesterday, after Hungarian-born historian Gyorgy Dalos received an award for promoting understanding between Europeans through his work.

» Will pharmacy chains take advantage of independent pharmacies in Hungary?
Dr Frigyes Kovacs, the Chairman of the County of Heves Pharmacy Chamber, believes that pharmacy chains in Hungary will take advantage of small independent pharmacies after the government has withdrawn non-repayable subsidies for these in rural are ...

» Prince Charles, duchess of Cornwall visit Hungary
Britain's Prince Charles and his wife Camilla pay tribute to the memory of victims of the Holocaust at a memorial in Budapest's main synagogue Prince Charles inspects a guard of honour on his arrival in Budapest Prince Charles and his wife Camilla ...

» The new Hungarian Civil Code – Part III
New consumer protection regulations.Consumer protection has a more decisive role in the new Civil Code. New regulations have also been added with regard to general terms and conditions. These regulations are meant to increase transparency. The provis ...

» Israeli spy planes enter Hungary airspace following killing of Syrian national in Budapest
Two Israeli aircraft appearing to be spy planes flew near Budapest's international airport last week but did not land there, Hungarian media reported Thursday.

» Prince Charles on three day visit to Hungary
British Prince Charles inspects the honor guard during the welcome ceremony at the Office of the President in Budapest, Hungary, on March 17, 2010.

» Hungary salutes four Jews
Four well-known Jews received Hungarian state awards. The awards were presented this week during ceremonies commemorating the 1848 Hungarian Revolution and subsequent war of independence against Habsburg rule.

» New Croatian president visits Hungary
Croatian President Ivo Josipovic, who took office in February, paid a one-day official visit to neighboring Hungary on Tuesday.

» 2pm: Slovak Prime Minister Fico criticises remarks by the president of Hungary
The statement by Hungarian President Laszlo Solyom that members of the Hungarian minority in Slovakia, Serbia and Romania should learn the state language only as a foreign language is an attack on the integrity of Slovakia, Prime Minister Robert F ...

» Hungary led EU in 2009 unemployment
Hungary's employment rate for 2009 was the lowest in the European Union, federal statisticians in Budapest said in a report.

» Hungary remembers 1848 revolution with political, cultural gatherings
Hungary marked the 162nd anniversary of its ill-fated revolution and war of independence against the Habsburg Empire in 1848 with an all-day series of political and cultural events on Monday.

» "Serbia goes only where 1244 is respected"
President Boris Tadiae says Serbia will take part in all regional forums where Kosovo's presence is treated in line with the UN Resolution 1244.

» Survivors give first-hand Holocaust accounts at CU-Boulder
All events, except the closing ceremonies, are in the University Memorial Center, Room 235.

» Hungarian president commends minority rights in Serbia
Hungarian President Laszlo Solyom said that Serbia's treatment of minorities is 'exemplary.' 'We are happy with the fact that in Serbia, minorities enjoy cultural autonomy and that unlike other countries where Hungarians live, Serbia does not have ...

» Forint appreciates close to a four-month high
Following hesitant trading – mostly above 270 against the euro in the last two months – the forint strengthened sharply at the beginning of March. Although uncertainties surrounding the outlook for Greek government debt made the forint more vulnerabl ...

» The new Hungarian Civil Code – Part II
New regulations regarding damages for pain and suffering and compensation for loss suffered. The second book of the new Civil Code governing the law regarding persons enters into force from 1 May 2010. It regulates the legal capacity and capacity to ...

» Bosch throws Junkers on the scrap heap
Along with eight other CEE countries, heating appliances sold with the brand name Junkers will begin to use the German parent company’s name, Bosch announced last week.

» Volán sticks with Chinese bus buy
State-owned bus line Volán has decided to purchase 60 vehicles from China’s Xiamen, despite the assessment of the previously closed-out Alfa Busz’s tender, the company announced last week.

» Ski resort coughs up
Nordica Skiarena Kft. last week announced that it had repaid HUF 223 million (EUR 835,000) in debts to its former owner, the RFV Group, the latter announced via the Budapest Stock Exchange on Wednesday.

» Nav N Go’s going further
Hungarian software maker Nav N Go announced the new version of its GPS application at the Hannover CeBIT last Tuesday.

» Hungarian former cbank chief says country unready for euro
Hungary's former central bank governor Zsigmond Jarai said Tuesday his country is too "immature" to introduce the euro in 2014 as suggested by the government, saying that 2015-1016 appeared to be a more realistic date.

» Who will be "Little Miss Hungary"?
A contestant waits before appearing in a qualification round for the 'Little Miss Hungary' beauty contest in Budapest, Hungary, Saturday, March 6, 2010.

» Denying Holocaust Made a Crime in Hungary
Hungarian Prime Minister Gordon Bajnai looks at pictures of Holocaust victims in the Hall of Names at the Yad Vashem Holocaust memorial in Jerusalem on June 23, 2009.

» Hungarian, Mongolian PMs discuss ways to strengthen economic ties
Hungarian Prime Minister Gordon Bajnai shakes hands with visiting Mongolian Prime Minister Sukhbaatar Batbold in the Hungarian Parliement in Budapest, Hungary, March 10, 2010.

» 3/10/2010 - Hungary makes Holocaust denial a crime
The law was approved last month by Hungarian lawmakers, after more wide-ranging versions of the law had been rejected by courts for limiting free speech.

» Suspect admits to shooting at Roma houses
Suspect admits to shooting at Roma houses Budapest, 4.3.2010, 23:11, A rpA d K, the main suspect in the recent string of murders of Roma people in Hungary, has admitted that he opened fire on several Roma-inhabited houses on July 21, 2008.

» Placido Domingo has surgery for colon cancer
Spokeswoman Nancy Seltzer said Monday March 8, 2010 that the 69-year-old tenor had surgery last week at Mount Sinai Hospital in New York and was released Sunday.

» New Market Report: Hungary Food & Drink Report Q2 2010
In the longer term, Hungary's placement is likely to worsen, as its attractive regulatory environment and high per capita food and beverage consumption levels are outweighed by challenging economic conditions, falling population numbers, and the r ...

» Hungarian couples turn to Adopt a Countryside Granny
In Hungary, hundreds of married couples whose parents have died have turned to a website called Adopt a Countryside Granny.

» Hungarian ambassador: Nabucco is a direct way leading Azerbaijan to Europe
"But Azerbaijan ensured the development of the relations while opening embassy in Budapest in 2004," the ambassador said and added that the first meeting of Hungary-Azerbaijan intergovernmental commission had been held recently.

» Newest arrivals at zoos around the world
Lions, tigers and bears oh my! Check out some of the newest arrivals at zoos around the world! 1.jpg ) Next More WWL Photo Galleries

» Accused war criminal fights extradition
A Federal Court judge will decide whether to order the federal government to disclose the reasons behind its decision to extradite accused Nazi war criminal Charles Zentai to Hungary.

» Hungarian a Village Housea opts technology from the Tyrol
Since its completion in 1970, huge billboards on the roof have created interest in this block of municipal housing, which is known in Hungary as the - Village House' because of the living area of 43,500 m2.

» Orchestra features music of Hungary
If you go The Cannon Valley Regional Orchestra performs "Music of Hungary" at 7 p.m. Saturday at the Sheldon Theatre in Red Wing, and at 4 p.m. Sunday at the Paradise Center for the Arts in Faribault.

» Problems with quality & expertise
“I am sure that Hungary’s foreign policy strategy will not change greatly,” Economy Minister István Varga said last Tuesday ahead of the parliamentary elections. Varga was guest speaker at the Joint Venture Association’s “Hungary’s Foreign Economi ...

» Hungarian Power Distribution Companies EMASZ and ELMU Select Telvent Technology
Sustainable electric grid infrastructure solutions support distribution efficiency, reliability, and security to meet the needs of 21st century society March 03, 2010 - Telvent , the IT company for a sustainable and secure world, announced today i ...

» Michael Turner coming home after Hungarian jail ordeal
CORFE CASTLE businessman Michael Turner, who was dramatically released from his Budapest jail cell four days ago, is due to jet back to the UK today.

» Hungary Replaces VEB in Malev
Hungary's re-nationalization of Budapest-based airline Malev contravenes rules banning state aid and should be blocked by the European union, rival carrier Wizz Air said Monday.

» Thracian gold treasure to be first displayed in Hungary
The first exhibition in Hungary of the gold treasures of the Thracian kingdom, which flourished on Bulgaria's present territory 3,000 years ago, will open in Nagykanizsa on March 19, organiser Csilla Kofalvi said.

» Dorset man set free from Hungarian jail
IMPRISONED Corfe Castle businessman Michael Turner has been freed from jail in Hungary.

» Corfe Castle businessman freed from jail in Hungary
IMPRISONED Corfe Castle businessman Michael Turner has been freed from jail in Hungary.

» Other diplomats who saved lives
Some of the diplomats who, like George Mantello in Geneva, played a role in helping Jewish and other refugees to flee the Nazis: Hiram Bingham IV: U.S. consular official in Marseille, France, who defied State Department regulations by issuing visa ...

» Hungary: Students Have Had Enough of Bomb Alerts
Cyber-Activism , Education , Internet & Telecoms , Software & Tools , Youth Languages: Hungarian Full Category List Excerpt There have been three bomb alerts in the three weeks of the second semester at Corvinus University of Budapest. ...

» Accused men released from Hungarian prison
Two British men who were held in jail in Hungary accused of fraud after their company collapsed have been freed without explanation, the father of one of the men said today.

» UNIQA Biztosító Zrt offers legal insurance
“Currently there is barely any competition in Hungary in terms of legal insurance,” Pál Ertl, board member of UNIQA Biztosító, noted. Last week his insurance company officially set about changing that.

» Hungary's key interest rate cut to record low
Originally published February 22, 2010 at 8:02 a.m., updated February 22, 2010 at 9:24 a.m. BUDAPEST, Hungary a ' The National Bank of Hungary on Monday cut its main interest rate by a quarter percentage point to 5.75 percent, its lowest level eve ...

» Azerbaijani Minister: Great possibilities between Hungary and...
The meeting of Azerbaijan-Hungary inter-governmental commission was held in Budapest, within which Azerbaijan-Hungary business forum and B2B meeting took place Feb.

» Holocaust Denial Outlawed in Hungary
Hungary's Parliament has passed a bill making Holocaust denial a criminal offense.

» Capital Partners owner not to comment on arrests in Hungary
Prague/Budapest, Feb 23 - VladimA r A ernA1 2, owner of the Capital Partners Czech securities firm, has told CTK he cannot comment on the raid and arrests made in the firm's branch in Budapest Tuesday because he has no information from Hungary.


» International Real Estate: House Hunting in ... Hungary
This 260-square-meter house built six years ago on the Tihany peninsula of Lake Balaton is about 130 kilometers southwest of Budapest.

» Alleged war criminal to fight extradition
LAWYERS for accused Nazi war criminal Charles Zentai have taken his case to the Human Rights Commission as part of his bid to avoid extradition to Hungary.

» Hungary parliament mulls legal ban on Holocaust denial
Hungary's parliament voted on Monday in favour of making Holocaust denial a criminal offence, punishable by up to three years imprisonment.

» Hungary Cuts Benchmark Interest Rate to Record Low
Hungary cut its key interest rate to the lowest since the fall of communism 20 years ago as policy makers seek to revive growth after the worst recession in 18 years.

» Brampton author pens true account of Hungarian Revolution
Heroes Don't Cry. Brampton author Judith KopA csi-Gelberger will be signing copies of her book, Heroes Don't Cry, at Brampton Chapters on Feb.

» In Hungary, Potential Lessons for Greece
Despite the fiscal crisis engulfing Greece and some other Southern European nations, Hungary is more committed than ever to adopting the euro as soon as possible, its caretaker prime minister said this week, even if that means enduring a further b ...

» 'Biblotheque' tops Hungarian festival
BUDAPEST Szabolcs Hajdu's "Bibliotheque Pascal" a damning indictment of the divisions separating Eastern and Western Europe, swept the awards at the 41st Hungarian Film Week, winning the main Golden Reel prize and the Gene Moskowitz award given by ...

» Reason to celebrate
Luther Gobert, Fest Partners Attorneys at Law and Tax Advisors celebrated their membership of international tax advice network Taxand last Tuesday at a large-scale reception in the magnificent Hungarian Academy of Sciences building.

» Hungarian Snow Drifting: Screaming Sideways Into the Freeze [Snow Drifting]
A world apart from bestickered American rally professionals with comic-book names , we join the the snow drifters of Hungary, who like it cold, fast, and loud.

» Court OKs neo-Nazi march in Hungary
A Hungarian court ruled that an international neo-Nazi march can take place in Budapest.

» The Foreign Ministry's statement on the presidential election in Ukraine
The Foreign Ministry of the Republic of Hungary welcomes that both rounds of the presidential election in Ukraine met international democratic norms.

» Ask Lonely Planet: Hungary for information on night trains
Next year we are doing a trip on the Rhine and Danube Rivers that finishes in Budapest.

» Hungarian, 22, planned to kill 22 at random?
A 22-year-old Hungarian student who told police he planned to kill 22 people at random because he'd had "22 bad years" has been detained, news agency MTI said Friday.

» Roelof Hansman is new LeasePlan Hungária CEO
Since the beginning of February LeasePlan Hungária Kft has been led by the Dutchman Roelof Hansman. His predecessor Nigel Storny is now in charge of the Austrian LeasePlan subsidiary. Hansman, 40, began his career at the start of the ‘90s in Swede ...

» Hollywood Celebrates the Opening of Europe's Greatest New Studio: Raleigh Studios Budapest
The invitation-only gala will be held at Raleigh Studios Hollywood, located at Melrose Ave.

» OECD says Hungary should stick to tight fiscal policy
The Organization for Economic Cooperation and Development warned Hungary on Thursday that it cannot afford to loosen fiscal policy that has seen it rein in its budget deficit to among the lowest in Europe.

» Hungarian film industry looks abroad
While Hungarian television no longer provides funding for theatrical features, co-producing with other countries is set to be a promising area, according to producers presenting their films at the 41st Hungarian Film Week, which came to a close in ...

» Michael's 100-day Hungarian jail ordeal
BUSINESSMAN Michael Turner has now been languishing in a tough Hungarian prison for 100 days without charge.

» Hungary deploys first contactless payment cards
The OTP Bank of Hungary has announced the country's first rollout of MasterCard PayPass contactless cards, according to realdeal.hu. OTP, the largest bank in Hungary, plans to issue 15,000 PayPass cards this year, with 350 points of sale available ...

» Capitalism is latest trial for Hungary entrepreneur
When Taszilo Landthaller's father opened his petrol station just west of the Hungarian capital Budapest, cars still ran on an alcohol mix and used the left side of the road.

» New CEO at Mercedes in Kecskemét
Frank Klein has been the new CEO of Mercedes- Benz Manufacturing Hungary Kft since the beginning of February. Klein’s predecessor Michael Friess is returning to Germany.

» Saturday, February 13
Today is Saturday, Feb. 13, the 44th day of 2010. There are 321 days left in the year.

» Electricity investment on the line
Electricity producer and reseller Alpiq Csepel is planning to double its current output of 400MW-h by the middle of the decade at a cost of almost EUR 370 million, the company’s CEO Gábor Briglovics told reporters last Monday.

» Record-breaking collisions
Initial results from high-energy proton collisions at the Large Hadron Collider offer first glimpse of physics at new energy frontier.

» Hungary desirous of civil nuclear deal with India
New Delhi, Feb 4 : Hungary has expressed its desire to enter into a civil nuclear deal with India, officials said today.

» U.S. Signs Income Tax Treaty with Hungary
The United States and Hungary have signed a new income tax treaty that brings an existing agreement signed by the two countries in 1979 into closer conformity with current U.S. international tax policy.

» Emergency landing for Anand Sharma's BA flight at Dusseldorf
Commerce Minister Anand Sharma had some anxious moments mid-air on Wednesday after smoke was detected in the British Airways flight from Budapest to London.

» India to step up trade with Hungary: Anand Sharma
New Delhi, Feb 3: Union Minister for Commerce and Industry Anand Sharma has said greater efforts will be made to step up trade and investment flows between India and Hungary with both sides having agreed to increase the level of trade to one billi ...

» Where to search your Hungarian genealogy records online or in person
Start your search of genealogy records for Hungry when it was under the former Ottoman Empire by going to the Hungarian Bookstore site.

» Innovative Market Access Strategies For Medical Devices And Technologies Conference, March, 2010
Understanding & satisfying payer & stakeholder needs to demonstrate cost-effectiveness & product value Conference dates: 18th-19th March, 2010 Venue: Budapest, Hungary Event Overview Increasing national healthcare budgetary pressures, ...

» Gazprom Creates Hungarian South Stream Arm
Russian gas giant Gazprom created a joint venture for the Hungarian leg of the South Stream gas pipeline during a ceremony in Budapest, the company said.

» Spain-Belgium-Hungary presidency new chapter in EU history
The task of the Spain-Belgium-Hungary trio presidency was to steer the EU towards a new period of its history which started with the introduction of the Treaty of Lisbon, a senior official of the Spanish foreign ministry in charge of EU affairs to ...

» Recently released market study: Hungary Food & Drink Report Q1 2010
In the next few years, however, the whole of the CEE, with Hungary being no exception, faces a weak macroeconomic and political risk outlook, particularly throughout the current year.

» Hungarian opposition party launches legal suit against former PM, finance minister
Hungarian opposition party Fidesz has launched a legal suit against former prime minister Ferenc Gyurcsany and the finance minister at the time Janos Veres, accusing them of having misled the electorate with inaccurate data on the situation of Hun ...

» Gazprom, Hungarian bank sign South Stream deal
BUDAPEST, Hungary - Russian gas monopoly Gazprom and the state-owned Hungarian Development Bank signed a deal Friday setting up a company to develop Hungary's part of the South Stream gas pipeline project.

» Israeli foreign minister calls on Hungary to ban hate speech(Deutsche ...
Israel's foreign minister Avigdor Lieberman called on Hungary to bring in laws banning "hate speech" during a visit to mark Holocaust Remembrance Day.

» Automotive industry gets serious subsidies
Audi Hungaria announced on Friday, 15 January that the company would receive some HUF 15 billion (EUR 55.13 million) in direct support for the creation of 100 jobs at its site in Győr, as well as an unspecified tax break from the state. The t ...

» Hungary's Supreme Court Rules NATO Radar Construction Suspension
From : Sebouh Z Tashjian Date : Wed, 27 Jan 2010 18:23:12 +0400 HUNGARIAN SUPREME COURT RULES NATO RADAR CONSTRUCTION SUSPENSION AZG DAILY 27-01-2010 International Hungary's Supreme Court has ruled to suspend building permission for the NATO radar ...

» Cancer patient Sladjana Crosley, pictured with husband Powel Crosley, in Budapest, Hungary, in 2005.
A man who moved from Dunedin to Auckland with his wife so they could pursue treatments for her rare cancer welcomes the debate about unfunded treatments in public hospitals.

» Culture-Driven Economic Revivals - Coal & Steel Region Forges Art...
The Ruhr region of western Germany was once a thriving industrial zone that is now a collection of abandoned industrial sites.

» Best from Jan. 21
Thursday, January 21, 2010 Photo: DAMIR SAGOLJ/REUTERS Thai mahouts ride elephants as they collect money for victims of the recent Haiti earthquake in Bangkok.

» How Prec-Cast overcame the crisis
“We, as a company, have survived the crisis,” Béla Bokodi, director of Prec-Cast Kft the Hungarian subsidiary of the Regensburg-based Wolf group told participants at the recent European region meeting of consultancy HLB International. HLB’s Hungar ...

» Tihamér Tóth joins White & Case
Budapest, 20 January, 2010 - Global law firm White Case LLP announced today that Dr. Tihamér Tóth, former Chairman of the Competition Council of the Gazdasági Versenyhivatal, has joined the Competition Practice as Of Counsel in the Budapest offi ...

» Hungarian parliamentary elections set for April
Hungary will go to the polls on April 11 to form a new parliament, Hungarian President Laszlo Solyom announced on Friday.

» Hungarian firefighters fined for parking violations
Hungarian voluntary firefighters were fined for parking violations while saving people from fire in the country's southern city of Kaposvar, local radio said on Thursday.

» Recently released market study: Hungary Petrochemicals Report Q1 2010
In April, Austria's OMV announced that it had sold its 21.2% stake in MOL to Russian oil company Surgutneftegaz for EUR1.4bn. The stake was acquired as OMV sought a US$20bn hostile takeover bid of MOL, which was abandoned in August 2008 following ...

» Fire captain led Hungarian Club
Andrew J. Rakay, 80, a retired Toledo fire captain who was president of his union and, in recent years, president of the retirees association, died Thursday in Toledo Hospital from complications of a stroke suffered Dec.

» Sztaniszl : "Hungarians God's chosen people"
Sztaniszlo: "Hungarians God's chosen people" Brett , January 18th 2010, 11:56 am This is a guest post by Karl Pfeifer It is a real pity that Hungarian is such a difficult language.

» Nancy Brinker honors participants in Hungarian cultural series
Former Ambassador Nancy Brinker hosted a cocktail reception honoring the scholar-participants in "A Celebration of Hungarian Culture" at The Society of the Four Arts.

» Istanbul launches year Europe Capital of Culture
Fireworks illuminate the sky over Ottoman era Hagia Sophia and Blue Mosque during the official ceremonies for celebrating European Cultural Capital 2010 in Istanbul Photo: EPA The opening celebrations included light shows, which were arranged at s ...

» Istanbul readies to become EU cultural capital
Istanbul: Istanbul will launch this weekend a year of art events as it becomes one of the three Cultural Capitals of Europe for 2010, giving Turkey an occasion to reaffirm its European anchor.

» Colorfront Team Wins Academy Award
Award-winning team now focusing on fresh challenges in streamlining motion picture production and post DMN Newswire--2010-1-14-- Colorfront , one of the world's most advanced digital intermediate and post production facilities, based in Budapest, ...

» The ups & downs of taxes in 2010
“New year, new tax laws” could almost be Hungary’s motto. In June and November of last year, parliament passed two new taxation packages, most of which came into effect on the first day of 2010.

» Hungary: Pecs, the European Capital of Culture
Arts & Culture , Governance , Travel , International Relations , Politics Languages: Hungarian Full Category List Excerpt Marietta Le describes preparations for a year as one of the three European Capitals of Culture in PA©cs and reviews ...

» Canada considers visa requirement for Hungarians, paper says
Canadian government was considering to reimpose the visa requirements for Hungarian visitors in an effort to stem a growing flood of refugee applicants, a Canadian newspaper reported on January 11 2010.

» UNIQA inaugurates new HQ
Shortly before Christmas Othmar Michl, director general of UNIQA Biztosító Zrt. officially opened the new headquarters of the insurance company. The celebration was held on the firm’s 20th anniversary almost to the day.

» Hungarian city becomes European culture capital
Pecs, a southern Hungarian city with a history of 2,000 years, officially became one of the three European Capitals of Culture for 2010 on Sunday.

» European states must take concrete steps to help close Guantánamo ...
Leading human rights organizations have urged more European states toaccept detainees held at the US detention centre at Guantánamo whocannot be returned to their countries of origin.

» European Culture In Hungary
Fireworks illuminate the sky above the Szechenyi Square during the official inaugurating ceremony of Pecs as one of the three cultural capitals of Europe in Pecs, 196 kms south of Budapest, Hungary, Sunday.

» Father Ladislas K. Parker, escapee from Hungary, dies
Father Ladislas K. Parker, a Catholic priest whose harrowing escape from communist Hungary in 1950 led him to Orange County, Calif., and the founding of St.

» Marton family saga in Communist Hungary carries lessons for new century
THE ASSOCIATED PRESS/Simon & Schuster In this book cover image released by Simon & Schuster,"Enemies of the People: My Family's Journey to America" by Kati Marton, is shown.

» Jewish Heritage in Hungary
Jewish Heritage in Hungary By Candyce H. Stapen As we strolled through the town of Tarcal in Hungary's Tokaj region, and onto the dirt paths through the vineyards, we searched for the Jewish cemetery our Butterfield & Robinson guide mentioned. ...

» Solid-phase microextraction: a powerful sample preparation tool prior to mass spectrometric analysis
Solid-Phase Microextraction is a very simple and efficient, solventless sample preparation method, invented by Pawliszyn in 1989.

» Imperial Cities and Passion Play--July 15-24, 2010
Enjoy a performance that occurs only once every ten years during the Imperial Cities and the Oberammergau Passion Play Tour, featuring the historic cities Prague, Vienna, and Budapest.

» 'IRIS' a boon for tourism
On Nov. 29 the traffic in Gwanghwamun was blocked from 7 a.m. to 7 p.m. for the filming of the mega smash-hit KBS drama "IRIS." The scene being shot on this day was shocking to some passersby.

» Caught Red Handitorials - 'Caught in the Act' by Kata Vermes Classically Captures the Busted
Kata Vermes is a photographer out of Budapest, Hungary who has captured some unsightly, although side-splitting, scenes.

» Nobel Winner Elie Wiesel Concerned About Hungarian Extremism
Elie Wiesel, left, Rabbi Slomo Koves, center, and Rabbi Baruch Oberlander look at a WWII Hungarian Nazi propaganda poster while visiting the Holocaust Memorial Center in Budapest, 10 Dec.

» The Penny King Offers to Buy Ten Trillion Hungarian Forints
Once upon a time there was a foreign King who lived in the United States for more than 40 years.

» Recently released market study: Hungary Freight Transport Report Q1 2010
The signing ceremony was attended by the Russian and Hungarian Prime Ministers, Vladimir Putin and Ferenc Gyurcsany.

» Hungarians protest at journalist sackings
THOUSANDS of demonstrators are expected to converge today on the Budapest headquarters of state- owned Hungarian Radio to protest against the dismissal of more than 100 of its employees, most of whom were journalists.

» Israel posthumously honors couple who saved Clearwater man during Holocaust
A Hungarian couple risked their lives to shelter Alexander Szegedy, 88, of Clearwater during WWII.

» New In Budapest: 'Away We Go'
"A couple expecting their first child receive news that this parents are moving out of Colorado, thereby eliminating the expectant couple's main reason for living there. They decide to visit friends and family to evaluate cities and decide where to r ...

» Futureal Plans 250M Hungary Project
Hungarian central Europe developer Futureal said its commercial projects are progressing successfully despite a fluctuating market environment, with plans for a 250 million commercial and entertainment project in Budapest, Hungary and its Romanian ...

» New In Budapest: 'It's Complicated'
"Jan, a mother of three grown kids, and Jake, her ex-husband who she has a good relationship with, travel together to their son's college graduation. But things start to get complicated when they share a meal together and end up having an affair."

» Nationalist Guard Has No Legal Recourse in Hungary
Hungary's Supreme Court upheld an order disbanding of the Hungarian Guard, which is identified with the extreme nationalist Jobbik Party.

» Handsome Pecs is Hungary's first ever European cultural capital
A hub for the dialogue between east and west - that's what the attractive city of Pecs in south-western Hungary aims to be when tourists start coming here in 2010 to view one of three locations designated as cultural capitals for a calendar year b ...

» Former Finance minister Bokros challenges Far Right leader Vona to Open debate
MDF candidate for PM challenges Far-Right leader Former finance minister and the candidate leader for the MDF in the upcoming elections, Bokros Lajos, has challenged the far-right leader (and Jobbik's ca ...

» Three Perfect Days In Budapest
"For centuries a tumultuous crossroads of art, 
architecture, invasion and rebellion, the bohemian capital of Hungary
 has finally found serenity. But it’s still got a maverick soul. It’s no wonder Budapestians have a reputation for telling it like ...

» Invitel Holdings A/S Announces, on Behalf of Its Subsidiary Magyar...
Invitel Holdings A/S announced today, on behalf of its subsidiary Magyar Telecom B.V. , that consents from holders of a majority in aggregate principal amount of the Issuer's outstanding 125,675,000 Floating Rate Senior Notes due 2013 and ISIN: XS ...

» Market Almost Optimistic About Budapest's Real Estate Sector
"Players of Hungary’s real estate market have become more certain and more upbeat about the prospects of sector in Portfolio.hu’s last quarterly poll in 2009. A majority of the respondents expect a further increase in transaction yields, but forecast ...

» Bad Weather Cancels Varna – Budapest Flight
"Varna – Budapest flight has been canceled, Meliha Kasacheva with the press center of the Varna Airport told FOCUS – Varna Radio."

» Hungary gov't dips into 2010 budget reserves
The Hungarian government has already made commitments to spend some of next year's budget reserves, business daily Napi Gazdaság reported in its Friday issue.

» EBRD exits from AXA subsidiaries in central Europe
The EBRD has sold its minority share ownership in six life assurance and pensions companies in central and eastern Europe, subsidiaries of AXA Group, the EBRD announced in a press release.

» Wiesel Not Bitter About Losing Fortune To Madoff
Nobel Peace Prize winner Elie Wiesel said Thursday he was not bitter about losing his personal investments and millions of dollars of his foundation's money in Bernie Madoff's Ponzi scheme.

» BP is Hungary’s Investor of the Year
British Petroleum (BP) is Hungary’s Investor of the Year: the company won honours in two categories for its service centre in Budapest, which creates 1,100 jobs with an investment of EUR 93 million. The Investor of the Year awards, in six categori ...

» Hunguest Hotels inaugurates unit in NE Hungary after HUF 229m renovation
Hunguest Hotels has inaugurated the Grandhotel Galya in Galyatető (NE Hungary) following a HUF 229 million renovation, the company told MTI on Thursday.

» European Commission supports HUF 42 billion M43 road to border
The European Commission will support the construction of the M43 road between Szeged and Mako, near Hungary's border with Romania, with HUF 42 billion, state secretary at the National Development and Economy Ministry László Varjú ...

» MNV targets revenue of HUF 89.2 billion in 2010, expenditures of HUF 82.4 billion
Hungary's National Asset Management Company (MNV) targets revenue of HUF 89.2 billion and expenditures of HUF 82.4 billion in 2010, MNV told MTI late Wednesday, after its business plan was approved at a meeting of the National Asset Management Counci ...

» Active mobile phone subscription number grows in November
The number of active mobile phone subscriptions in Hungary grew 66,000 in November to 10.712 million, but was down 59,000 from twelve months earlier, the National Communications Authority (NHH) reported.

» Ecostat sees economic contraction slowing to 4% in Q4
Ecostat expects the contraction of Hungary's economy to slow to 4% in Q4 compared to the same period a year earlier, the economic research institute said in its latest projection on Thursday.

» Polish group Asseco acquires Hungarian software firm
The Polish Asseco group has acquired a 70.04% stake for €8 million through its Slovak subsidiary in a medium-sized Hungarian software company Statlogics, the business daily Világgazdaság reported.

» Deutsche Bank in talks to buy RBS Sempra
Deutsche Bank has emerged as a key bidder for commodities trading company RBS Sempra, the Financial Times reported on Thursday.

» Playboy, Iconix deal unlikely
Playboy Enterprises Inc's talks to sell itself to Iconix Brand Group are facing “serious roadblocks” and it is very likely the two sides will not reach a deal, a source familiar with the matter said.

» Magyar Posta to increase sales revenue in 2010
State-owned Magyar Posta plans to increase net sales revenue by 1.4% to HUF 176.1 billion in 2010. Pre-tax rofits are projected to halve from this year's level to HUF 3.4 billion, CEO Ildikó Szűts said after the National Asset Management Counc ...

» Hungary's construction output drops 2.4% yr/yr in October
Output of Hungary's construction sector fell 2.4% in October from the same month a year earlier according to both unadjusted and workday-adjusted figures, the Central Statistical Office (KSH) said. The drop picked up after slowing to 1.2% in Septembe ...

» US consumers fall behind in holiday shopping
The holiday shopping that consumers have completed so far this season is at a five-year low in the US, according to a new survey, raising the stakes for retailers in their last major push to capture sales this year.

» One in five European firms eyes major M&A in 2010
Almost one in five European companies is likely to make a major acquisition next year, a survey showed, adding weight to claims that European mergers and acquisitions (M&A) are set to rebound from their 2009 trough. But highlighting the continuin ...

» Wells Fargo to pay $4.5 billion for Prudential unit
Wells Fargo & Co will buy Prudential Financial Inc's minority stake in retail brokerage joint venture Wells Fargo Advisors for $4.5 billion, the companies said on Tuesday.

» Horseracing In Hungary Gets Lifeline
"The State Asset Manager has agreed to provide Ft 840 million in funding in four equal in-stalments to Hungarian horseracing companies.

» Building Offices Not A Lucrative Business In Budapest
"It is not worth embarking on office development projects in Budapest due to low rental rates and high transaction yields, Eston has said on Wednesday. However, it sees investment opportunities on the office market. Is it time to buy office buildings ...

» Presidance: 'Christmas Now', Millenáris, 21 and 29 December
"The Presidance Company gives families a real christmas program as a gift before the Christmas holiday: this is the Christmas Now, which prepares, chills up, and also calms our soul in the middle of the waiting period.

» Costume Designer Arthur Boccia Packs A Whimsical Suitcase For Disney On Ice
"In Disney On Ice presents Mickey & Minnie’s Magical Journey, Costume Designer Arthur Boccia has packed everything necessary for trips to London, Never Land, the Hawaiian islands and the African Pride Lands. There are lively looks all around, from sc ...

» First New Belgrade Flight Operated By Malév Lands At Ferihegy
"The direct aerial connection between the Serbian and the Hungarian capitals has been re-established after a break of 17 years. Budapest Airport welcomes the Hungarian national carrier’s latest new flight, as a result of which passengers are now able ...

» Fall in gross wages makes central bank rate cut more likely
A drop in twelve-month gross wages in October - for the first time since January - makes a 50bp rate cut by the National Bank of Hungary's Monetary Council in December all the more likely, analysts told MTI on Wednesday.

» Skoda sales fall the most at Porsche Hungária
Porsche Hungária, a big Hungarian importer of vehicles made by the Volkswagen group, saw sales of Skodas fall the most in 2009, while sales in the premium segment slipped 30%-40%, Porsche Hungária managing director János Eppel sa ...

» Kopint-Tárki scraps growth forecast for 2010
Kopint-Tárki expects Hungary's economy to stagnate in 2010, the research institute said in fresh projections on Wednesday. The figure was lowered from 0%-1% growth in a projection in September.

» Hungarian company managers growing more optimistic
Company managers in Hungary were more optimistic in December with regard to the economic outlook of both the country and their companies than in September, a survey by Deloitte shows.

» MOL signs cooperation agreement with Austrian peer RAG
Hungarian oil and gas company MOL on Wednesday said it signed a declaration of intent on joint exploration and field development in Hungary with Austria's Rohol-Augfsuchungs Aktiensgesellschaft (RAG).

» Network disturbance costs T-Mobile HUF 700m
A 15 and a half-hour disturbance to Magyar Telekom's mobile network earlier this month cost the company's T-Mobile division HUF 700 million (€2.54 million), including compensation of ten minutes of free talk time for company subscribers, Magyar ...

» Sanyo's Hungarian unit to hire 440 workers in 2010
Sanyo Hungary Kft, the Hungarian unit of Japanese electronics giant Sanyo, is planning to hire 440 new employees at the company's plant in Dorog (N Hungary) next year, the Komárom-Esztergom county daily newspaper 24 Óra reported.

» MFB says Hungary's GDP contraction likely to subside to 0.5%-1.5% in 2010
State-owned Hungarian Development Bank (MFB) believes that Hungary's GDP contraction will likely decrease to the 0.5%-1.5% range in 2010 from an expected 6.5%-7% in 2009, the MFB informed MTI on Tuesday evening.

» Hungary's gross wages drop 1.6% yr/yr in October
Gross wages in Hungary were down 1.6% in the twelve months to October after a 0.7% yr/yr rise in September. Net wages rose 1.4% in twelve months, the Central Statistical Office (KSH) reported.

» Kraft stands firm on Cadbury bid
Kraft Foods Inc said new growth targets from Cadbury Plc were not enough to prompt it to raise its takeover offer, while workers for the British chocolatier said they would fight the 10 billion pound ($16.2 billion) hostile bid.  

» Iconix breaking off talks with Playboy
Iconix Brand Group Inc is breaking off talks with Playboy Enterprises due to difficulties surrounding the separation of the Playboy brand and the company's other assets, Bloomberg reported citing people familiar with the matter.

» VW poised to make full bid for MAN SE
Volkswagen is poised to expand its automotive empire by making a full takeover bid for German truckmaker MAN SE, a German newspaper reported on Tuesday, citing an unidentified company executive.

» Eli Wiesel in Hungary
Eli Wiesel visited Hungary for the first time since he was deported from his home town in 1944, under Horthy's Hungarian administration, to Auschwitz-Birkenau. Invited by Chabad and received with all the honors of a VIP, Wiesel used the occasion o ...

» New In Budapest: ' Avatar' In 3D
"A former Marine confined to a wheelchair is recruited to travel light years to the outpost on Pandora. The Avatar Program has been created in which human "drivers" have their consciousness linked to a remotely-controlled biological body that can sur ...

» Now Showing In Budapest: ' Avatar' In 3D
"A former Marine confined to a wheelchair is recruited to travel light years to the outpost on Pandora. The Avatar Program has been created in which human "drivers" have their consciousness linked to a remotely-controlled biological body that can sur ...

» St. Nicholas Day run in Budapest, Hungary
Wearing Santa Claus hats and swimming suits, people participate in a charity run on St.

» Revenue from electronic motorway-sticker sales declines 3% in first 11 months of year
Revenue from sales of electronic motorway stickers declined 3% yr/yr to HUF 38.9 billion (€142.5 million) in the first eleven months of 2009, Hungary's State Motorway Management Company (ÁAK) announced on Tuesday.

» Few differences between preliminary, final EDP reports, says KSH
There are only a few minor differences between preliminary excessive deficit procedure EDP reports submitted to Brussels and the final reports published after their review by the European Union statistics office Eurostat, the Central Statistics Offic ...

» Hungarian financial system stable, capital position solid, says PSzÁF chief
Hungary's financial mediation system maintained its stability, its capital position was solid and growth of lending stock slowed or stopped; at the same time the number of loss-making financial institutions rose, according to a fresh report on the se ...

» Parliament approves establishment of new office
Parliament approved late Monday the establishment of the Office of Public Procurement and the Defense of the Public Interest.

» Statistical office to publish EDP reports sent to Brussels after court ruling
After a court ruling last week, the Central Statistics Office (KSH) will publish past and future excessive-deficit procedure (EDP) reports it sends to Eurostat, not just the final form of the reports published after Eurostat's review, KSH said in a s ...

» Hungary export sales up 2.8% m/m in October, output figures confirmed
Hungary's industrial exports were up 2.8% in October from September, rising m/m for the sixth month in a row. Export sales were down an unadjusted 11.3% yr/yr. The calendar-adjusted drop was 8.9% yr/yr, slowing from 13.8% in September, the Central St ...

» Abu Dhabi throws Dubai a lifeline, terms uncertain
Abu Dhabi threw its flashy but debt-laden neighbor Dubai a $10 billion lifeline to head off a bond default, cheering Gulf and global markets on Monday but raising questions about the undisclosed terms.

» Citigroup, Wells Fargo to pay back US
Citigroup Inc and Wells Fargo & Co said they were paying back funds to the US government, in transactions that will end taxpayers' capital support of the biggest US banks much sooner than had been expected just weeks ago.

» Malév Welcomes WizzAir Paris Passengers Onboard
"Malév is ready to carry WizzAir passengers between Budapest and Paris for just €69 after the low-cost carrier announced that it is closing its Paris flight in January.

» 'BuddhaFest', Gödör Club And Körcsarnok Budapest, Until 20 December
"BuddhaFest exhibition and festival in Budapest. The exhibition displays artwork reflecting the spiritual and cultural heritage of eastern Buddhism. We have selected the finest examples of these treasures for this exhibition. Tibetan culture is uniqu ...

» Early Hungarian vital records were those kept by the churches
Civil Registration began in 1895, and before that date the only records of vital events were the entries of baptism, marriage and burial in the church registers.

» Double SZIN Present For Christmas
"SZIN action! Anyone wanting to buy session tickets for SZIN 2010 can do it this year's price. But Christmas action doesn’t end with this: those who buy the tickets till 31st December get special festival relics.

» The Strike Has Failed, Business As Usual At Budapest Airport
"The two-week long effort of LESZ union to initiate a strike at Ferihegy has resulted in a spectacular failure today: only 34 people have joined the walk-out of the 200-strong Malév Ground Handling company.

» Oracle sees no new remedies for Sun deal
Oracle does not plan to offer any new remedies on top of proposals made earlier to EU competition regulators reviewing its plan to buy Sun Microsystems, a source close to Oracle said.

» JP Morgan sees strong growth at Apple; ups target
JP Morgan Securities raised its price target on Apple Inc by 4.5%, citing better-than-expected growth momentum for Mac, iPhone and iPod.

» GVH approves Magyar Telekom acquisition of ISH Informatika
Hungary's Competition Office (GVH) on Monday said it approved Magyar Telekom's acquisition of ISH Informatika, a company that provides integrated hospital IT services.

» Hortobágy National Park to receive HUF 1.2 billion in EU funding
The Hortobágy National Park in eastern Hungary will receive HUF 1.2 billion in European Union funding for three projects to start next year, the head of the park's nature protection department said on Monday.

» Hungary could come out of crisis more competitive than neighbors, says Oszkó
Hungary could come out of the crisis more economically competitive than its neighbors in the region, Finance Minister Péter Oszkó told MTI.

» European Commission clears proposed acquisition of joint control of MOL Energy Trade
The European Commission on Monday said it approved the proposed acquisition of joint control over MOL Energy Trade by Hungarian oil and gas company MOL and Normeston Trading Limited.

» MÁV to save HUF 5 billion on electricity procurement in 2010
State-owned railway company MÁV is to save more than HUF 5 billion next year on electricity purchases thanks to the timing of the public procurement procedure, the company told MTI.

» Szerencsejáték sees revenue of more than HUF 150 billion in 2009
State lottery company Szerencsejáték expects to close 2009 with pre-tax profit of HUF 5 billion - HUF 6 billion on revenue of more than HUF 150 billion, over the respective targets of HUF 2.4 billion and HUF 140 billion, spokesman L&aac ...

» Videoton sees 10%-12% revenue drop in 2009
Hungarian-owned contract electronics manufacturer Videoton expects to close 2009 with revenue of about HUF 80 billion, 10%-12% less than in 2008, albeit a slighter drop than at its multinational competitors, CEO Gábor Széles told MTI on ...

» BKV to be saved with HUF 23 billion
Budapest's cash-strapped public transport company BKV will be saved from bankruptcy next year as the government and the city council have agreed on the key points of bailing out the indebted company by providing HUF 23 billion in additional funding i ...

» Terra Firma seeks investors in EMI
British private equity group Terra Firma wants to bring in outside investors to help prop up music company EMI, which is struggling with Ł2.6 billion ($4.29 billion) of debt, The Observer newspaper reported.

» AXA, AMP raise AXA Asia Pacific bid to $11.7 billion
Australia's AMP Ltd and French insurer AXA SA raised their takeover offer for AXA Asia Pacific Holdings  by 16% on Monday to $11.7 billion, giving the target a week to agree to the new bid.

» Egypt wants Orascom, France Tel deal over Mobinil
Egypt said on Sunday it wanted Orascom Telecom and France Telecom to patch up an ownership row over Mobinil but said the French firm had agreed to find a new Egyptian partner if Orascom sold its stake.

» Cadbury, Hershey hold talks on friendly bid
Cadbury and US rival Hershey have held talks over a possible friendly bid by the American firm, the Sunday Telegraph reported, citing market sources.

» Have A Nice Winter photo Or Story About Budapest?
"Send it to us and WIN! - Send us a picture of Budapest in winter time or your best winter STORY in the city!

» Have A Nice Winter Photo Or Story About Budapest?
"Send it to us and WIN! - Send us a picture of Budapest in winter time or your best winter STORY in the city!

» Grammys to honour Leonard Cohen in 2010 with lifetime achievement award
Canadian singer, songwriter and poet Leonard Cohen performs during his concert in Papp Laszlo Budapest Sports Arena in Budapest, Hungary, Monday, Aug.

» 'Budapest Melting Pot', Hungarian Museum of Trade and Tourism, 17 December
"Budapest Melting Pot special holiday season edition - This time the monthly held English-speaking club presents the Holiday traditions and superstitions in Budapest.

» Hungarian Ambassador to the UK visited Alumni Event at CEU Business School
"CEU Business School hosted an Alumni Reunion on 3 December 2009 involving students from the past 21 years, representing alumni from the very first intake in 1990 as well as current students from the MBA 21 class. The Reunion was preceded by the annu ...

» 'Carmina Burana', Festival Theatre, 15 December
"We glance into the lives of a human-like barbarian community that is struggling for survival on the ruins of a civilisation. Their lives are full of rituals; they fight with their fears, and endeavour, guided by their instincts, to withstand the vic ...

» Disney On Ice's Coreographer Is Cindy Stuart
"Choreographer Cindy Stuart has a spirited voyage in store for Disney On Ice presents Mickey and Minnie’s Magical Journey, with exciting numbers that will guide audience members from the skyline of London all the way to the lush Hawaiian islands. Fil ...

» 'Sun Legend', Festival Theater, 16 December
"The creators of the Sun Legend have added an original, unprecedented world of spectacle and sound to the existing range of Hungarian and international dance productions.

» Heritage: Hungarians among the Pharaohs
Clockwise from top left: the gilded coffin of Tasenet; Egyptologist Dobrovits at the opening of the Gamhud; restoration work at the tomb of Djehutymes; the site of Gamhud photos courtesy of the Hungarian Archaeological Institute Hungary's leaning ...

» CIJ Award goes to Hochtief
At this year’s Construction Investment Journal (CIJ) Gala, Capital Square in Budapest was awarded the title of “Best Office Development”. The English-language real estate magazine is issued in five Central and Eastern European countries. The ann ...

» Exhibition: Hungarians in Egypt
Al Ahram Weekly Click photo to see all photos. Hungary's leaning towards Egyptian history was sparked by a dawning interest in all things antiquarian that came with the opening up of foreign travel, and reached full maturity in the wake of the dec ...

» Strabag boosts stake in GYSEV through capital raise
Austrian construction company Strabag has raised capital in regional railway GYSEV by about HUF 89 million, raising its stake in the company to 6.2%.

» Sewerage expansion underway in NE Hungary
The city of Nyíregyháza and several nearby towns are undertaking an almost HUF 30 billion sewerage expansion, supported by European Union development funding, CEO of sewer operator Nyírségvíz István Mó ...

» Customs authority collects HUF 1,109 billion
Hungary's excise tax and customs authority VP collected net HUF 1,109.2 billion in central budget revenue in January-November, VP chief János Nagy said on Friday.

» PSZÁF to boost financial knowledge
Ordinary Hungarians' financial knowledge has to increase if consumer interests are to be protected, deputy director of financial market regulator PSZÁF Péter Schiffer said on Friday.

» Construction industry contracts far less than EU average
Hungary's construction industry contracted 2.7% in 2009, far less than the 8.4% decline in the European Union as a whole, Hungary's chief architect Sándor Fegyverneky said at a general meeting of the National Association of Construction Compan ...

» Simor: future rate cuts depend on investors
Rate cuts in the future will depend on expected changes to investor appetite for risk, National Bank of Hungary governor András Simor said at an event organized by the central bank on Friday.

» Futureal leases three-fourths of space in Corvin Offices
Hungarian-owned property developer Futureal group has leased 75% of the 24,400 square meters of office space in the €210 million Corvin Offices, part of Corvin Promenade, a big rehabilitation project in Budapest's District VIII, project manager ...

» Printing plants draw business from abroad
Investments at printing plants in Hungary have raised the bar for the industry which is drawing more business from abroad, business daily Világgazdaság reported on Friday.

» Engineering revenue
Last week The Budapest Times presented the Érd-based company GIA Form Kft, which specialises in the production of injection-moulded and CNC-machined plastic parts. Within just a few years owner Attila Gaszt has built up his company into a very su ...

» Audi Hungária engine output plunges then risen
Engine output at German carmaker Audi's plant in the Hungárian city of Győr fell more than 30% in the first half of 2009 but rose by a few percent in the second half, Audi Hungária Motor managing director Thomas Faustmann told reporters ...

» MÁV Trakció expects to break even in 2009
MÁV Trakció, the traction unit of state-owned railway company MÁV, expects to break even in 2009 based on results from January-November, CEO Imre Márkus said on Thursday.

» Hungary November inflation picks up to 5.2%
Hungary's twelve-month consumer price inflation picked to 5.2% in November from 4.7% in October, the Central Statistics Office (KSH) said on Friday.

» FinMin expects HUF 135 billion Dec surplus
The Finance Ministry projects a HUF 135 billion general government surplus in December, bringing the full-year cash flow-based gap - excluding local councils - to 3.8% of GDP, in line with the respective target, state secretary Tamás Katona sa ...

» Hungarian Olympic Medallist Gets Seven Years
"The Municipal Court yesterday sentenced 1992 Olympic wrestling champion Péter Farkas in absentia to seven years in penitentiary for growing large quantities of marijuana.

» Hungary To Adopt Euro Before Poland Or The Czech Republic - PM Bajnai
"Whoever will be Hungary’s next Prime Minister, he/she will not be able to change economic policy in the short run, Premier Gordon Bajnai told German daily Die Zeit in an interview.

» Conference To Commemorate 15th Anniversary of Budapest Memorandum, 21 December
"The Hungarian Center for Security and Defence Studies Foundation (BHKK) and the United World Foundation based in Kiev are organizing a conference to commemorate the 15th anniversary of the signing of the Budapest Memorandum and to discuss the recent ...

» Hungarian admits to bludgeoning British model to death at her animal sanctuary
A caretaker who murdered former British model Eva Rhodes at her Hungarian animal sanctuary has told a court how he bludgeoned her to death with an axe and then tried to burn her body.

» Hungary's National Gambling Company To Set Records In 2009
"Hungary’s national gambling company Szerencsejáték Zrt. is set to break records on every front in 2009, with revenues expected to reach HUF 150 billion, its profit seen at HUF 5 bn and payment to the state budget likely to total HUF 52 bn.

» Judicial Corruption Exists In Hungary
The Hungarian Judiciary is independent, trusted by the general public, but less appreciated by professionals working in the field. It is a much closed and strictly hierarchical branch of power lacking transparency and accountability and refusing any ...

» Who’s Standing Behind the Hungarian Roma Emigration?
According to Canadian authorities and the Hungarian Ministry of Foreign Affairs, those Roma families who sell all of their property, leave for Canada and ask for right of asylum may get organized help. The Ministry of Foreign Affairs is suspicious of ...

» Arany Bika Hotel Operator In Bankruptcy In Debrecen, Hungary
"Debrecen-based Cívis Hotels has sought bankruptcy protection as it tries to agree with creditors and collect receivables in an effort to continue operations, HVG reports.

» 'Baby Concert', Palace Of Arts, 14 December
"Our first important musical experiences reach us in the womb. A baby may not have opened its eyes for the first time but it already reacts instinctively to music. The influences which music exerts upon us form an indispensable element of our emotion ...

» Tátrai Band Concert: 'Together Again', Sportaréna, 18 December 2009
"It was 20 years ago, in 1989, that the legendary and extremely successful band was formed with Tibor Tátrai guitarist, Charlie Horváth singer, Géza Pálvölgyi keyboardist, Tamás Kovács bass guitar player and other excellent musicians. The famous grou ...

» Concert Review: 'Soul II Soul Extravaganza' At Symbol
‘Back To Life, Back To Reality’ truly was a fitting description for how we felt the morning after the Soul II Soul extravaganza at Symbol. The funky beats of the ‘original funki dreds’ rocked you all night long with Aitch B whipping the ladies into a ...

» Elie Wiesel urges Hungary to ban Holocaust denial
Nobel Peace Prize winner Elie Wiesel is urging Hungary to make Holocaust denial illegal and to redouble efforts to denounce anti-Semitism in politics and public discourse.

» ITD Hungary shows economic attaches Záhony project
The Hungarian Investment and Trade Development Agency (ITD Hungary) presented a development program that aims to transform the area around Záhony, near Hungary's border with Ukraine, into a logistics hub for trade between east and west to econ ...

» Hungary: Politics Killed the Radio Stars
A controversial awarding of two broadcasting licenses quiets popular radio stations and provokes roars of outrage.

» Knaus Tabbert filling first order for Russian partner
The former Hungarian unit of German motor home maker Knaus Tabbert is filling its first order for a Russian partner, managing director József Botka told MTI on Thursday.

» Only a fraction of shopping centers could be completed
Only about one-fourth of the planned shopping centre construction in Hungary is expected to be completed in the next two years as the financial crisis has made liquidity scarce and the economic downturn has reduced consumption, business daily Napi Ga ...

» ".eu" internet domain now available in all EU languages
European citizens, businesses and organizations can register .eu website names using characters from all 23 official languages of the European Union. This means that registrants, for example, can use Greek or Cyrillic names as well.

» EU funding for urban development
The Central Hungary Regional Development Council has granted 16 communities in Pest countya total of HUF 12 billion (€43.77 million) in EU funding for urban-development projects, council president Pál Steiner told MTI on Thursday.

» easyJet demands legislation for cleaner aircraft
Low fare airline easyJet calls for tough, mandatory emission standards for aircraft that would lead to a 40% reduction in CO2 emissions from the next generation of aircraft. The call for action comes on the occasion of the Copenhagen climate summit w ...

» Panasonic completes bid for half of Sanyo
Japan's Panasonic Corp said on Thursday it acquired 50.2% of Sanyo Electric Co Ltd, the world's largest rechargeable battery maker, completing a long-delayed ¥403.8 billion($4.6 billion) deal.

» Matolcsy: new policies needed
A new budget, new tax system and new employment policy will be established in Hungary next July if current opposition party Fidesz forms the country's next government, Fidesz economic policy maker György Matolcsy told MTI on Thursday.

» Constitutionality of Robin Hood tax approved
Hungary's Constitutional Court announced Wednesday that it had rejected a motion contesting the constitutionality of the Robin Hood tax.

» Magyar Posta announces advertising tender
Hungarian postal service Magyar Posta announced a net HUF 400 million (€1.48 million) tender for companies to organize its advertisements in online and printed media up to the end of 2010.

» German companies expect employment demand to rise
A total of 40% of German companies operating in Hungary expect demand for employees to rise in 2010, while only 5% expect their labour demand to decline next year, Chief Consultant Maria Smid of Vienna's Kienbaum Management Consultants told the Germa ...

» Lenovo market share in Hungary rises to 5.2%
Chinese computer maker Lenovo's share of the Hungarian market rose 0.2 percentage points to 5.2% in Q3 from the same period a year earlier as the popularity of Lenovo's products grew among consumers, Lenovo Hungary managing director István Got ...

» YEARENDER: Hungary ahead of neighbours in balancing budget
Budapest- Hungary, plagued by a bad reputation in the handling of its financial affairs, went a long way in 2009 to changing that image to set the stage for next year's hoped-for start of an economic recovery.

» Xpat Video: Budapest Bonfire Night 2009
Bonfire Night in Budapest went with a real bang on 5 November 2009 at the local InterContinental Hotel. British Ambassador to Hungary Mr. Greg Dorey, guest of honour at this XpatLoop.com event, started proceedings with an entertaining and informative ...

» English Language Religious Services In Budapest
As the holiday season approaches here's a reminder of the various different local religious options for expats - worth making direct contact to ask about special sevices in December.

» Bajnai’s Trip to Washington May Be End of Hungary’s Rough Patch
Hungary is no longer unpredictable, and it has straightened its relationship with Russia. These may be reasons for Joe Biden, American Vice President, to invite Bajnai Gordon, Hungary’s Prime Minister, to Washington. Although, the PM will probably no ...

» Radisson SAS Hotels And Resorts To Change Their Name To Radisson Blue
"The Rezidor Hotel Group’s rising, upper upscale star reveals its true colours … Radisson SAS, one of the world’s most innovative, fast growing, contemporary hotel brands, is changing its name to Radisson Blu.

» Radisson SAS Hotels And Resorts To Change Their Name To Radisson Blu
"The Rezidor Hotel Group’s rising, upper upscale star reveals its true colours … Radisson SAS, one of the world’s most innovative, fast growing, contemporary hotel brands, is changing its name to Radisson Blu.

» 'Drop-In Impro Club', Merlin Theater Budapest, 17 December, 7 pm
"Maybe you’ve done some impro and would like the chance to practice in a co-ordinated environment, or you want to get involved and find out a little more about improvisation, or maybe you have ideas you would like to try out in front of other people. ...

» New In Budapest: 'Poligamy' With English Subtitles
"András and Lilla, the young couple have been dating for five years now. András is a sceenplay writer, Lilla is an assistant lecturer at a university. Finally they move in together in their new flat and everything seems to be all right with them. But ...

» Now Showing In Budapest: 'Poligamy' With English Subtitles
"András and Lilla, the young couple have been dating for five years now. András is a sceenplay writer, Lilla is an assistant lecturer at a university. Finally they move in together in their new flat and everything seems to be all right with them. But ...

» Q3 GDP show signs of weak export-based recovery
The year-on-year fall of Hungary's GDP slowed to 7.1% in Q3 from 7.5% in Q2, the Central Statistics Office (KSH) said in a second reading published on Wednesday. The data show some signs of a weak recovery, mostly affecting export-related branches. I ...

» MÁV and Volán to raise fare prices
The state-owned railway company MÁV and long-distance Volán bus companies could raise the price of individual tickets by 15% and that of monthly and biweekly passes by 10%, the Ministry of Transport and Communication told MTI on Wednesd ...

» Imre Forgács appointed justice minister
Imre Forgács, state secretary at the Local Governments Ministry, will replace outgoing Justice and Law Enforcement Minister Tibor Draskovics, the government spokesman announced on Wednesday.

» Hungary: Closed for Business?
Ita TMs a sad state of affairs when Hungary, of all countries, can get labeled anti-foreign investment.

» 3D television awarded best tech innovation
The first ever Innovation Tech Show Award went to 3D television developer iPont Kft at an event showcasing the best upcoming Hungarian talent in mobile and multimedia.

» Hungary Q3 GDP contraction narrows slightly to 7.1%
Hungary's third-quarter GDP fell by an unadjusted 7.1% from the same period a year earlier according to both unadjusted and calendar-adjusted figures, the Central Statistics Office (KSH) said, revising a preliminary 7.2% drop slightly down in a secon ...

» Hungary trade surplus €464 million in October
Hungary had a €464m trade surplus in October, little changed from an €477 million trade surplus in September, the Central Statistics Office said in a first reading published on Wednesday. Imports continued to decline more than exports but t ...

» Court rejects Magyar Telekom appeal
A second-instance court has rejected Magyar Telekom's appeal of a first-instance ruling to nullify shareholders' resolutions passed at a company AGM on April 25, 2008, Magyar Telekom announced on the website of the Budapest Stock Exchange on Wednesda ...

» Almost one-fifth of Hungarian employers plan layoffs in 2010
Almost one-fifth of Hungarian employers plan to cut staff in the first quarter of 2010, according to a survey by global staffing company Manpower.

» Cushman&Wakefield wins prestigious award for third time
The Budapest office of the global real estate consultant Cushman & Wakefield (C&W) was awarded "Best Real Estate Agency 2009" for the third time by the Construction and Investment Journal (CIJ).

» GlaxoSmithKline sees cutting profit in Hungary by 10%-15%
The Hungarian unit of global pharmaceuticals giant GlaxoSmithKline expects 2009 revenue to rise 7% over last year's HUF 41 billion, but profits are expected to fall 10%-15%from HUF 2 billion because of falling exports and the payment of extraordinary ...

» Shortcut to mobile broadband
In countries with limited access to fixed networks, where demand for broadband is strong and the mobile phone is the most affordable way to access the internet, there is a solution that presents subscribers with a great opportunity.

» Attempted Police Car Robbery In Budapest Goes Awry
"A young man tried to steal a police van in Budapest’s Eighth District yesterday morning, after noticing that the driver had got out of the car and left the keys inside.

» Hungary's Inflation To Bounce Some More Before Going Extinct
"After easing for three months in a row, Hungary’s inflation ticked up to 5.0% in annual terms in November from 4.7% in November, according to the consensus of analysts in a Portfolio.hu poll published on Tuesday. As the U-turn may be put down to tem ...

» Hungarian Parliament Restricts High-Rate Loans
"Socialist MPs yesterday backed a motion that would limit high-interest rate loans to individuals, rather than supporting a cabinet proposal that would have set a maximum on total lending fees (THM).

» Tremors Shake Hungary's Forint - Where's The Epicentre?
"Hungary’s forint has been easing gradually versus the euro since opening, as a selling pressure on global markets is affecting CEE currencies, as well. The HUF has ventured north of 273 that has not happened for a week. There are several factor simu ...

» 'Simply Music – Don’t Just Listen', Palace Of Arts, 12 December
"It’s good to make music! Participants in this series at the Palace of Arts, are organised into groups of 10 to 15 children and through activities built on improvisation and musical creativity, they discover and explore skills they perhaps didn’t kno ...

» Hungary Is Up To Its Neck In Recession, There Is No Two Ways About It
"Hungary’s gross domestic product declined by 7.1% year on year in the third quarter of 2009, according to both unadjusted figures and data adjusted for calendar impacts, the Central Statistics Office (KSH) has reported on Wednesday. The preliminary ...

» Namazu - Catfish - Harcsa
So why the sobriquet/nom de plume (írói álnév) 'Catfish'? Well, it's true that before I came to Hungary I certainly never ate catfish (can you believe ...

» Japan unveils $81 billion economic stimulus
Japan's government agreed on a ¥7.2 trillion ($81 billion) stimulus package on Tuesday, aiming to prevent the economy from tipping back into recession as deflation persists and a strong yen threatens exports.

» Hungary's industrial output declined in preliminary
Hungary's industrial output declined 12.9% in October yr/yr according to unadjusted figures and fell 12.9% according to calendar-adjusted figures, preliminary data published by the Central Statistical Office (KSH) on Thursday showed.

» Preliminary general gov't deficit HUF 75.9 billion
Hungary posted a cash flow-based general government deficit, excluding local councils, of HUF 75.9 billion in November, the Finance Ministry said in a statement on the preliminary November fiscal position on Monday. The central budget and separate st ...

» Hungary already complies with some telecom regulations
Among the requirements of the EU's reform of its telecommunications regulations, Hungarian practice has already complied with the stipulations concerning number portability and loyalty declarations, National Communications Authority (NHH) president D ...

» RWM to spend HUF 18 billion next year
The Radioactive Waste Management Nonprofit Kft (RHK) will spend HUF 16 billion (€59.76 million) on waste disposal and waste-storage facility construction in 2009 and HUF 18 billion for these purposes in 2010, RHK CEO József Hegyhát ...

» Hungary's gov't prepares heritage bill
Hungary's government is soon to submit a stand-alone bill on the country's world heritage sites, a government official said on Monday.

» Regional waste management centre inaugurated in Győr
The waste management centre completed as part of a HUF 9.5 billion regional development project was inaugurated in Győr on Monday.

» Hungary is an ancient nation made up of many different peoples
The Magyars, or Hungarian people, originated in an area of present-day Russia located between the Volga River and the Ural Mountains.

» Hungary's Fidesz May Forge New Deal With IMF
"Goldman Sachs sees parliamentary elections and change in government in Hungary in the spring next year likely to contribute to market volatility in the first half of 2010, limiting the room for further rate cuts from the central bank (NBH). Neverthe ...

» 'Traditional Japanese Noh Theatre', Millenáris, 9 December
"Sumida-gawa - which was formed in the Muromachi period in the 15th century - tells the tragic story of a mother, who departs from Kyoto to look for her son. The story unfolds from the dialogue between the mother and the ferryman of the River Sumida. ...

» 'The First European-Hungarian Roma Film Festival', Uránia National Theater, 8 December
You are warmly invited to 'The First European-Hungarian Roma Film Festival', reception: December 8, 2009 (Tuesday) at 19.00 at the Uránia Nemzeti Filmszínházba (VIII. Rákóczi út 21.) The celebrations kick off with music from Mitsoura, Szilvási Gypsy ...

» BA, BKV Suspects Placed Under Arrest In Budapest
"A court yesterday had the legal directors of Bu-dapest Airport and the Budapest Transport Co. (BKV), who were taken into custody on Friday, arrested, as well as the managing director of a third company, and an unnamed entrepreneur.

» 'Roma Film Festival', Uránia National Theater, Until 13 December
You are warmly invited to 'The First European-Hungarian Roma Film Festival', reception: December 8, 2009 (Tuesday) at 19.00 at the Uránia Nemzeti Filmszínház (VIII. Rákóczi út 21.) The celebrations kick off with music from Mitsoura, Szilvási Gypsy Ba ...

» 'Children’s Programme', Millenáris, 12 December
"For the penultimate weekend of the Christmas period we prepared a performance that revives the Christmas traditions of different nations. We also prepared a handcraft session for the visiting families. From four p.m. the concert of Ági Szalóki takes ...

» 'The Nutcracker', BudapestFestival Theatre, 11 December
"The choreographers and performers of Beetle Tales and Peter Pan, encouraged by the success of these two productions, are now taking the story of the Nutcracker to the stage in two acts. This reworking of the fantastic dance show invokes, in a festiv ...

» 'Mood Concert', Palace Of Arts, 8 December, 5 p.m.
"The Palace of Arts has become such a central feature of Budapest’s musical life over the past three and a half years that it is hard now to work out how we survived without it. And by the same token, it is impossible to imagine the Palace without th ...

» U.S . Embassy Assists in Law Enforcement Training
"On December 2, Chargé d’Affaires Jeffrey Levine opened the joint U.S. Embassy and the International Training Center two-day workshop, named “Policing in a Multicultural Environment” held at the International Law Enforcement Academy in Budapest.

» System Crash Cause Difficulties At Hungary's K&H Bank
"Clients of Hungary's K&H Bank, the local unit of Belgium's KBC Group, are experiencing problems in the system of the financial institution, Portfolio.hu has learned on Monday. Last week, a software problem caused a crash in the network of T-Mobile, ...

» 'Christmas Concert', Millenáris, 22 December
"We have already had the chance to listen to folk song singer Szilvia Bognár as the performer or guest of a number of bands from Anima Sound System, including Sebő band and Makám to Szájról szájra production.

» 'Dandling - For Mothers&Children', Palace Of Arts, 9 December
"This series is run by singing teacher Ilona Gróh Gáll. It is aimed at children from three years old and at mothers and fathers who are keen to involve music and movement in the upbringing of their children.

» New In Budapest: 'Fame'
"A group of talented dancers, singers, actors, and artists meet at the New York City High School of Performing Arts. But what they didn't know is that they will be plagued by self-doubt, budding romances, deep friendships, schoolwork, and self-discov ...

» Now Showing In Budapest: 'Fame'
"A group of talented dancers, singers, actors, and artists meet at the New York City High School of Performing Arts. But what they didn't know is that they will be plagued by self-doubt, budding romances, deep friendships, schoolwork, and self-discov ...

» Ken Follett Novel Shot in Hungary
In this Saturday, Nov. 7, 2009 photo, US actor Donald Sutherland, seen, during the filming of Ken... In this Saturday, Nov.

» Hungary to spend HUF 500 billion on protection
Hungary will spend almost HUF 500 billion (€1.87 billion) on developments to prevent flood and inland water damages as part of the operative programs between 2007-2013, Ministry of the Environment and Water Management State Secretary Lász ...

» GTS-Datanet to unify its regional Ethernet network
GTS Central Europe is to invest in a new, unified Carrier Ethernet network on the 17-kilometer-long optical network of the group through Czech Republic, Slovakia, Poland, Romania and Hungary, GTS-Datanet’s parent company announced. The investme ...

» Opposition leader says government's 2010 budget is humbug
Viktor Orbán, the leader of Hungary's main opposition party Fidesz, said that the government's 2010 budget adopted one week ago is a fabrication intentionally founded upon inaccurate data.

» H1N1 Vaccine: School district says 'no permission slip, no shot'
Second-form elementary school pupil Bence Szoeloesi, center, is held by his mother as he receives a vaccine against H1N1 flu from school doctor Erika Kubinyi, left, at a school in Nyiregyhaza, 245 kilometers east of Budapest, Hungary, Thursday, No ...

» Hungarians tighten belts on Christmas high street
Fewer Hungarians are planning to buy presents this year and those who do will spend less, according to a Kirakat-Ipsos survey published on Monday.

» Voluntary pension funds could become more expensive
Voluntary pension funds may not be able to avoid increasing deductions from members' payments, leaving less for pensions, the business daily Napi Gazdaság said on Monday.

» New fleet of MGSZH for HUF 5 billion
Agricultural Offices (MGSZH) will renew its fleet nationwide by contracting to permanent lease and fleet management of 838 cars. The public tender is won by Solymár-Szalay Kft and BNP Paribas Group-member Arval Magyarország Jármű ...

» ACE unemployment insurance portfolio assigned
The Hungarian branch of ACE European Group Limited will assign its portfolio of unemployment insurance as of January 1, 2010 to April Cee Development, though ACE will still pay unemployment insurance in 2010 to company clients who have lost their job ...

» Hungary international reserves grew in November
Hungary's international reserves stood at €30.852 billion at the end of November, up €441 million from a month earlier after a drop €192 million in October and a rise of €250 million in September, preliminary National Bank of Hung ...

» Hungary: center for Zeiss lens production
As a result of recently completed investments worth €1.7 million, Carl Zeiss Vision Hungary's Mátészalka plant has become the centre for the production of Zeiss glass lenses, the business daily Világgazdaság reported ...

» Hungary guest nights drop 8.2% in October
Guest nights spent at commercial accommodations by Hungarian and foreign tourists fell 8.2 % to 1.442 million in October from a year earlier, the Central Statistics Office (KSH) said on Monday. The fall widened from 6.2% year-on-year to 1.639 million ...

» Mindshare wins NFÜ media purchase tender
Mindshare Media Agency has won an accelerated, closed tender to use HUF 600 million in European Union funding to buy advertising and place announcements for the National Development Agency (NFÜ), the latest issue of the Public Procurement Gazett ...

» China's Xiamen wins Volán bus tender
China's Xiamen King Long United Automotive Industry has won a tender to deliver 60 vehicles to Hungary's state-owned long-distance bus company Volán with a bid of €9,866,000, or €164,000 per bus, the latest issue of the Public Procur ...

» Budapest Airport, BKV legal directors arrested
The legal directors of Ferihegy International Airport operator Budapest Airport and the Budapest Transport Company (BKV) were arrested after an investigation lasting several months, a spokeswoman for the Airport Police Directorate (RRI) told MTI on S ...

» T-Mobile subscribers to get 10 minutes of free talk time
A problem with Magyar Telekom's mobile network was corrected in the afternoon on Friday and subscribers will be compensated with ten minutes of talk time, the company told MTI.

» Make No Mistake, Brussels Will Not Go Easy On Hungary With Euro Terms
"Hungary should not hope that the economic and fiscal conditions for euro zone membership will be made any easier for it, said former Finance Minister Lajos Bokros on Friday. Citing European Central Bank (ECB) President Jean-Claude Trichet, he said t ...

» 'The Alchemy Of Beauty', Museum Of Fine Arts, Shown Now
"The graceful elegance of Parmigianino’ works was regarded by his contemporaries and the succeeding generations as the perfection of style. The Museum of Fine Arts, Budapest does not preserve any of his paintings, however, we own an extensive collect ...

» Hungary To Expand Afghanistan Force
"Hungary will increase the number of its troops serving in Afghanistan by 200, Prime Minister Gordon Bajnai announced Friday afternoon fol-lowing talks with US Vice-President Joe Biden in the White House. Hungary has 340 soldiers in Afghanistan.

» Hungary's Forint Steady Below 270 vs. EUR
"Hungary’s forint opened steady versus the euro relative to its late Friday level. Global sentiment has failed to set a clear direction for CEE currencies and with no key macro data in the pipeline no heavy fluctuations are on the cards.

» Budapest Airport Legal Director Was Arrested
"Budapest Airport has learnt with full astonishment about the news of taking into custody of its legal director. The company fully cooperates with the relevant authorities and the police in order to help the investigation.

» 'CSI: An Interactive Exhibition', Millenáris, Until 7 February
"Originally developed by the Fort Worth Museum of Science and History with a grant from The National Science Foundation (NSF) for a tour of U.S. science museums, CSI: The Experience gives guests the opportunity to play the role of a crime scene inves ...

» Hungary, Austria At Odds Over Gysev
"Hungary is threatening to take Austria to court in a dispute over a capital increase for Austrian-Hungarian railway company Gysev, according to reports.

» 'AIR: Love 2 Tour', Petőfi Hall Budapest, 13 December
"More apt to cite stately rock paragons Burt Bacharach and Brian Wilson as their inspirations than Derrick May or Aphex Twin, the French duo Air gained inclusion into the late-'90s electronica surge due chiefly to the labels their recordings appeared ...

» Malév Hungarian Airline's Q400 Enters Into Service
"Malév entered its first Q400 aircraft into scheduled service. The latest member of the fleet made its first flight to Bucharest on 29 November. Since then HA-LQA has also carried passengers to and from Warsaw, Tirana and Geneva.

» Presidance: 'Christmas Now', Millenáris, 6, 21 and 29 December
"The Presidance Company gives families a real christmas program as a gift before the Christmas holiday: this is the Christmas Now, which prepares, chills up, and also calms our soul in the middle of the waiting period.

» Hungarian appellate court curtails Freedom of opinion
In July I published an article about courageous Hungarian journalist Tibor BakA cs and biased system of justice within which he works .

» Kraft starts clock on unchanged Cadbury bid
Kraft Foods posted its offer to Cadbury shareholders with terms unchanged on Friday, triggering a two-month, Ł10.1 billion ($16.8 billion) takeover fight for the British chocolate maker.

» Simor advises against spending to ensure positive trends are lasting
Although Hungary's cyclically-adjusted budget balance may be favorable right now, revenue from a pick-up in growth in the future should not be spent, in order to ensure the positive trends are lasting, National Bank of Hungary governor András ...

» Data center solutions, fast-food style
Hard to control, costly to operate and complicated to prioritize: these are the three main concerns of today's CIOs in Hungary, a fresh study from Novell reveals.

» Mitsubishi chief says not talking numbers with Peugeot
The head of Mitsubishi Motors Corp said the Japanese automaker was not discussing any numbers regarding a possible acquisition of a stake by PSA Peugeot Citroen, a day after the partners said they were exploring deeper ties.

» Hungarian hotels see business picking up no sooner than H2 2010
Hungarian hotels have suffered a major setback because of the economic crisis and do not expect business to pick up before the second half of 2010, general secretary of the Hungarian Hotel Association István Kovacs told MTI.

» BofA sells $19.3 billion of securities for TARP repay
Bank of America Corp sold more than $19 billion of equity amid strong investor interest as it races to shed government regulatory curbs that have bedeviled its CEO search.

» Loss-making state-owned companies must be on sustainable path before consolidation
Loss-making state-owned companies, such as the Budapest public transportation company BKV and railway company MÁV, have to be put on a sustainable path before their debts can be consolidated, Finance Minister Péter Oszkó said at ...

» Hungary awards Lugar its Officer's Cross
The Republic of Hungary has presented its Officer's Cross of the Order of Merit to Sen.

» GM, China partner take aim at booming India market
General Motors and Chinese partner SAIC Motor Corp are to team up to make commercial vehicles in India, taking their successful Chinese partnership into one of the world's fastest growing auto markets.

» NATO tells allies to commit to long Afghan struggle
NATO warned that sending more troops to Afghanistan was no “silver bullet,” saying allies should prepare for a lengthy struggle demanding even more patience and resources.

» Kraft expected to post Cadbury bid Friday
Kraft Foods will post its offer document to Cadbury Plc shareholders on Friday, triggering a two-month Ł9.8 billion ($16.4 billion) takeover fight, sources with knowledge of the situation said.

» Study finds no brain tumor link with mobile phones
A very large, 30-year study of just about everyone in Scandinavia shows no link between cellphone use and brain tumors, researchers reported.

» US retail sales miss view on weak holiday start
US retailers from Macy's to Costco posted much weaker-than-expected sales for November as shoppers focused only on big bargains at the start of the key holiday selling season.

» Comcast lands NBC in deal that reshapes media
Comcast Corp struck a deal to buy a majority stake in NBC Universal from General Electric Co, creating a media superpower that would control not just how television shows and movies are made, but how they are delivered to the home.

» Bernanke defends record in bid for second term
Federal Reserve Chairman Ben Bernanke, making his case for a second term, defended his record on Thursday before a skeptical Senate that criticized the central bank for failing to prevent the financial crisis.

» China hints sticking to dollar despite worries
China has maintained a consistent allocation of its foreign exchange reserves across different currencies, a senior official said, suggesting that any diversification away from the dollar has been gradual.

» Expert calls for stricter rules on corporate payment
The reasons behind the fact that there are twice as many overdue corporate payment claims in Hungary than in other parts of Europe is caused by issues of morality as well as regulation, head of the national association of liquidators FOE, Ferenc Somo ...

» Bajnai backs US war plan for Afghanistan
Hungarian Prime Minister Gordon Bajnai said he supported President Barack Obama's war strategy for Afghanistan and the United States can continue to count on Hungary as a strong ally.

» 'St Nicholas Day', Budapest Palace Of Arts, 6 December
"For years now, the hugely popular “Palace of Delights” event has taken place each Sunday, where it welcomes curious children and their families with handicrafts, skill developing games and logical puzzles, meaningful quizzes and various stage perfor ...

» Hungary's Forint To First Soar And Then Plummet
"The London-based strategists of Bank of America/Merrill Lynch had to rewrite only a few points in their previous analysis on Hungary to come up with a new one. In their 2010 EMEA Outlook they continue to applaud the government’s "draconian procyclic ...

» Hungarian National Philharmonic Orchestra, National Concert Hall, 10 December
"Thomas Zehetmair is one of the most in demand violinists of our time. Besides his work as a soloist and chamber musician, for the last few years he has also been an active conductor and since autumn 2002, has been music director of that fine British ...

» 'Ivanov', Katona József Theater in Budapest, 8 January
"IVANOV, the highly successful performance of the Katona József Színház in Budapest, that has had an enormously enthusiastic welcome in many great cities of the world (including Paris, Sydney, New York and Moscow) will be performed with English subti ...

» 'Federico Aubele (AR)', A 38 Ship, 14 December
"The Smoky Tango and Sultry Boleros of Buenos Aires’ written, played and sung by an internationally acclaimed greattango-master: Federico Aubele.

» 'Drop-In Impro Club', Merlin Theater Budapest, 6 December, 5.30 pm
"Maybe you’ve done some impro and would like the chance to practice in a co-ordinated environment, or you want to get involved and find out a little more about improvisation, or maybe you have ideas you would like to try out in front of other people. ...

» Hungary's Health Authority Warns Santa Claus Of Swine Flu
Hungarian health authorities have launched a national campaign warning Hungary's Santa Claus to avoid kissing children and shaking their hands to prevent spreading the swine flu virus.

» MÁV-Trakció signs €79.6m loan for engines purchase
MÁV-Trakció, state-owned Hungarian railway company MÁV's traction unit, on Thursday signed for a €79.6 million loan from the European Investment Bank (EIB) and Germany's KfW IPEX Bank to pay for 25 Bombardier engines.

» Decision in Soros Fund Management v. PSzÁF expected Friday
The Municipal Court of Budapest will announce a ruling in the case of Soros Fund Management v. PSzÁF next Friday, a lawyer representing one of the sides in the case told MTI on Thursday, the first day of the hearing.

» Investigation expected to find Deutsche Bank at fault for forint speculation
Deutsche Bank is expected to be found at fault in an investigation involving foreign market regulators of speculative trading at the time of the sharp weakening of the forint in October 2008, business weekly Figyelő reported, citing unnamed sources.

» Genesis Energy pushes back deadline for closing deal with Cogenco
Genesis Energy, a Hungarian company that is building solar panel plants in Hungary, Spain and Singapore, on Thursday said it modified an agreement with Denver-based Cogenco International, extending the deadline for closing the sale of its units to Co ...

» Sopron Bank lends GYSEV HUF 1bn to build HUF 1.5bn warehouse
Sopron Bank, owned by Austria's Bank Burgenland, a member of the Grawe insurance group, has signed a contract to lend GYSEV, a regional railway owned by the states of Hungary and Austria, HUF 1 billion to build a HUF 1.5 billion warehouse in Sopron, ...

» Europe-wide financial regulation system coincides with Hungarian endeavors, Oszkó says
The EU finance ministers' decision taken on Wednesday on a Europe-wide system of financial regulation coincided with Hungary's endeavors since Hungary had initiated the creation of the system, Finance Minister Peter Oszkó said in Brussels late ...

» Hungary needs IMF backing but not funds, Bajnai says
Hungary still needs the support of the International Monetary Fund, but it will not draw down any further money from its IMF standby credit, Prime Minister Gordon Bajnai said in Washington on Wednesday.

» Fűzfői Papírfeldolgozó offered for sale a second time
The bailiff Vectigalis has offered for a second time the assets of the paper processing company Fűzfői Papírfeldolgozó, which owes more than HUF 800 million to its creditors, the business daily Napi Gazdaság said.

» No upfront cash for Vivendi from NBC stake sale
French media group Vivendi will not receive any cash upfront from a $5.8 billion sale of its stake in broadcast group NBC Universal to majority owner General Electric, the Financial Times reported.

» Reynolds to buy Swedish smoke-ending firm
Reynolds American Inc will buy a Swedish maker of products that help smokers break their habit in a deal that extends the tobacco company's reach into the smoke-cessation industry.

» EU clears Japan's NEC Electronics, Renesas to merge
Japan's NEC Electronics Corp gained approval from European Union competition regulators on Wednesday to merge with peer Renesas Technology Corp, creating the world's No. 3 semiconductor maker.

» Peugeot, Mitsubishi say in talks for deeper ties
PSA Peugeot Citroen and Mitsubishi Motors Corp said they were discussing an expansion of their partnership that could lead to a capital tie-up, underscoring the intensifying pressure to consolidate in the fiercely competitive auto industry.

» Hochtief won't budge on unit IPO price, demand low
Hochtief insisted it wouldn't compromise the pricing of one of Germany's largest initial public offerings amid market talk that demand for shares in the unit remained below expectations.

» Ciena beats Nokia-Siemens to Nortel unit
Ciena Corp was cleared to acquire a unit of bankrupt Nortel Networks Inc for $769 million after fighting off a legal challenge by Nokia Siemens Networks.

» Stolen remains of Austrian billionaire returned
BUDAPEST, Hungary A coffin containing the body of an Austrian billionaire has been returned to his family, more than a year after it was stolen from a graveyard by thieves who blackmailed the relatives for $150,000 , police said Wednesday.

» Maruti Suzuki to raise output by 75 %
Maruti Suzuki, India's top carmaker, plans to raise production by up to 75 % over the next five years in a bid to hold on to its 50 % market share, the Economic Times reported on Thursday.

» GE, Comcast to announce NBCU deal
General Electric Co and Comcast Corp are set to announce a joint venture on Thursday morning that would give the cable company eventual control of NBC Universal in this year's biggest media deal.

» American, TPG ready to invest $1.1 billion in JAL
American Airlines said it, Oneworld alliance members and private equity fund TPG would be willing to invest $1.1 billion in Japan Airlines to match a similar bid from rival Delta and the SkyTeam alliance.

» Hungary C.Bank Chief Says Fast Rate Cuts Would Put forint, Economy In Jeopardy
"Keeping a close eye on stability risks the National Bank of Hungary (NBH) strives to easy monetary rigour in a cautious manner, said András Simor, Governor of the central bank on Wednesday. At a meeting with the Parliament’s Economy and Information ...

» Hungary PM Says Forint Fine Where It Is
"The current forint level enables households to repay their debts relatively easily and most export-focused companies could also feel reasonably comfortable with it, Hungary’s Prime Minister Gordon Bajnai told Reuters in an interview.

» Hungary's Orbán Calls Meeting With Anti-Budget Economists
"Viktor Orbán, head of Hungary’s main centre-right opposition party Fidesz, initiated consultation for this Friday with economists that a few days ago called on MPs to reject the 2010 budget bill at its final vote in Parliament on Monday.

» Hungary's Orbán Meets Communist Leader In Beijing
"Fidesz established official links with the Chinese Communist Party yesterday, China’s state news agency reported after party chairman Viktor Orbán met Chinese Vice President Xi Jinping in Beijing.

» Hungary's PM Bajnai Visits Washington
"An increase of Hungarian forces in Afghanistan is now in the planning stage, the Defence Ministry said as Prime Minister Gordon Bajnai arrived in Washington for a four-day visit.

» 'Ben Hur Live', Budapest Sportaréna, 11 December
"After 15 years in development, the world premiere of Ben Hur Live finally arrives. Don't miss the amazing spectacle as 400 performers and 100 animals take to the stage to re-tell this epic story.

» Embassy Organizes Education USA Workshop
"Twenty-one education advisers gathered for a one-day workshop on November 20 to find out about U.S. study opportunities and scholarships. The event was hosted by the Public Affairs section of the Embassy and organized jointly by the International In ...

» Ben Hur Live Date Change
"BEN HUR LIVE - the producer of the performance, Art Concerts GmbH announced, that the times of the performances in December changed. The bought tickets are valid.

» Guantánamo Prisoner In Hungary
"The US has transferred an inmate of the Guantánamo Bay prison to Hungary. the White House announced on Tuesday. Washington thanked Hungary for receiving the former inmate, originally from the West Bank.

» Hungary's OÉT Agrees On 2010 Minimum Wage
"The National Interest Reconciliation Council (OÉT) of employer, union and government representatives, set next year’s monthly minimum wage at Ft 73,500, up from the present Ft 71,500.

» Foreign correspondence: Paprika awaits the Hungary traveler
What's it like to live in a far-off place most of us see only on a vacation? Foreign Correspondence is an interview with someone who lives in a spot you may want to visit.

» 'Cinetrip Sparty: Water Circus', Rudas Spa, 12 December
"Rudas spa gives home to the audio-visual genre of Cinetrip programs (800-2000 people). Cinetrip has many foreign and Hungarian fans among young people, who want have unique cultural experiences.

» Organ Guided Tour, National Concert Hall, 8 December
"The 92-register monumental organ of the Palace of Arts is demonstrated by organist László Fassang to those interested. Tour is for free and starts at 3 pm.

» Ancient gold unearthed in southern Hungary
Archaeologists have discovered rare gold objects from the time Hungarian tribes first arrived in the Carpathian basin, near Szeged, the head of the excavation told MTI on Monday.

» Competition Office approves Magyar Telekom acquisition of ISH Informatika
Hungary's Competition Office (GVH) has approved Magyar Telekom's acquisition of ISH Informatika, a company that provides integrated hospital IT services, Magyar Telekom deputy-CEO István Papp said.

» More than HUF 100bn in EU funding available for tourism development in 2009-2010
Around HUF 110 billion (€403 million) in EU funding will be available for the development of Hungary's tourism sector this year and in 2010, Ministry of Municipalities State Secretary Miklós Kovács said in Budapest on Wednesday.

» MOL aims to triple INA's EBITDA in three years
Hungarian oil and gas company MOL plans to triple the earnings before interest, tax, depreciation and amortization (EBITDA) of its Croatian oil and gas arm INA in three years, MOL Chief Financial Officer József Molnár said.

» Hungary's justice minister resigns
Justice and Law Enforcement Minister Tibor Draskovics on Tuesday tendered his resignation and will leave his post before the end of the year, the Justice Ministry told MTI on Wednesday.

» PSzÁF initiates liquidation, withdraws license of fund manager Fund De La Salle
Hungary's financial-market regulator PSzÁF has initiated the liquidation of fund manager Fund De La Salle, will withdraw its license as soon as the liquidation is ordered, PSzÁF said on its website.

» VirusBuster wins Business Ethics Prize
This year's Business Ethics Prize, a prestigious Hungarian award recognizing ethical and responsible business conduct, went to VirusBuster in the "small business" category.

» GM to consider Saab sale until year end
General Motors Co said that it would consider offers for its Saab brand until the end of the month and move to close the Swedish unit then if it appears that it cannot be sold.

» Russia shifts stance on Iran, Ahmadinejad defiant
Russia will join any consensus on more sanctions against Iran, a senior Russian diplomatic source said on Tuesday after Tehran declared it would expand nuclear activity in defiance of a UN rebuke.

» Obama to offer troop increase, timetable for Afghanistan
President Barack Obama is to say he is sending 30,000 more US troops to Afghanistan by next summer to speed the battle against the Taliban and plans to bring some soldiers home in 19 months.

» No decision on Mundo project
The municipal assembly of the Zugló district of Budapest did not reach a decision on whether it would give the go ahead to Poland’s Echo Investment to commence building its Mundo multi-use real estate project in the area.

» Hungary to see growth in H2 2010, deficit on track
Hungary's economy will post annual growth again from mid-2010 helped by tax cuts and a revival of export markets but the crisis is not over until unemployment starts to ease, Prime Minister Gordon Bajnai said.

» 'Bath Party Night', Budapest, 4 December
"Come and have a nice night on 4th December in the four beautiful bath: Széchenyi, Gellért, Rudas, Király.

» Hungary's Forint Awaits Impetus From Abroad
"Global investor sentiment has brightened only marginally by Wednesday morning and so Hungary’s forint managed to strengthen only by a hair versus the euro relative to its late Tuesday levels. The HUF awaits impetus from abroad, with key macro data d ...

» Time To Mourn: Tragic Changes On The Hungarian Loan Market
"Household borrowing is drying up in Hungary, according to the latest (October) lending statistics published by the central bank (NBH). Local households have been repaying more FX-denominated debt than they has been taking out for months. This phenom ...

» 'Christmas In Nagytétényi Castle Museum Budapest', 5 December - 3 January
"The Száraz-Rudnyánszky castle, or Nagytétényi Castle Museum as it became well-known, is one of the great works of the Hungarian late-baroque architecture. Located in the capital but still far from its noise in a pleasingly rural environment, the cas ...

» In Hungary Orban Viktor Is The One Supported By Most Voters
"Of the Hungarian political parties’ possible prime ministerial candidates, 38% of voters support Fidesz chairman Viktor Orban, according to a poll conducted by the Nezopont Institute commissioned by the conservative weekly Heti Valasz. Orban is foll ...

» Hungary: Catholic Church dignitary peddles racist flyer of neo-Arrow Cross party
This is a guest post by Karl Pfeifer. Their tongue is as an arrow shot out: it speaketh deceit: one speaketh peaceably to his neighbour with his mouth, but in heart he layeth his wait Jeremiah 9:8 Sometimes even a hardboiled observer of Hungary ca ...

» 'Mood Concert', Palace Of Arts, 2 December, 5 p.m.
"The Palace of Arts has become such a central feature of Budapest’s musical life over the past three and a half years that it is hard now to work out how we survived without it. And by the same token, it is impossible to imagine the Palace without th ...

» Gala Concert Of The 100 Member Gypsy Orchestra , 30 December
"If you wish to warm up for the New Year’s Eve Ball, the best choice is the Gala Concert of the 100 Member Gypsy Orchestra on December 30th, at the Budapest Congress and World Trade Center. The outstanding musicians and “primas” kings find the way to ...

» General Manager of Palace of Arts Receives ’For Budapest Award’
"There were ten persons presented with the title Freeman of Budapest at the festive general assembly held on occasion of the Day of Budapest in November. Mayor of Budapest dr. Gábor Demszky gave out several other high-rank municipal awards as well, p ...

» 2010 budget cuts public transport spending by HUF 40bln to HUF 220bln
The 2010 budget, approved by Parliament late Monday, cuts spending on public transportation by HUF 40 billion from 2009 to HUF 220 billion, the communications department of the transport ministry said when asked by MTI on Tuesday.  

» OTP Bank buys office building in Budapest
OTP Bank on Tuesday said it bought an office building on Váci utca, a main traffic corridor in the west of the capital, on November 30.  

» Employers, unions see eye to eye on minimum wage rise proposal
Employers and labor unions both proposed at a meeting of the national interest coordination council OÉT on Tuesday raising the monthly minimum wage to HUF 73,500 in 2010 from the current HUF 71,500, maintaining the value of real wages in light ...

» Vandamme to process HO sunflower seeds at €30m plant in Hungary
Belgian's Vandamme group will start processing an annual 20,000 tons of high-oleic acid content (HO) sunflower seeds at a former brewery it has spent almost €30 million to convert into an oil-pressing plant in Komárom, CEO Xavier Vandamme ...

» ORCO continues with Budapest project after UniCredit restarts loan
Orco Property Group is continuing the reconstruction of the Váci1 office building, the former site of the Budapest Stock Exchange at the end of Budapest's upscale Vaci Street, after they agreed with UniCredit Bank on a €46 million loan, h ...

» Nokia files suits against display, monitor makers
Top mobile phone maker Nokia said it filed suits in Britain and the United States last week alleging a number of leading technology firms operate cartels for mobile phone and monitor displays.

» Dubai debt plan fails to calm Gulf markets
Gulf markets tumbled again, taking no comfort from Dubai World's plan to restructure about $26 billion of its estimated $59 billion in liabilities, which appeared to calm global fears of contagion.

» Korea, Hungary agree on Eu Fta
Korea and Hungary yesterday agreed to cooperate for an early ratification of the Korea-EU free trade agreement and boost bilateral relations in economy, science and culture.

» IBM buys database security firm Guardium
IBM said it had bought database security company Guardium, aiming to help its business clients protect their databases from hacking and fraud.  

» Geely taps China banks to back $1.8 billion Volvo deal
Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources said on Tuesday.  

» GE, Vivendi agree to value NBCU stake at $5.8 billion
General Electric Co and Vivendi SA have agreed in principle to a deal in which GE would buy the French company's 20% stake in NBC Universal for $5.8 billion, a source familiar with the matter said on Monday, paving the way for Comcast Corp's proposed ...

» Sláger owner reconsiders departure
US-based Emmis International has announced it has reconsidered its earlier plans after its Sláger Rádió station lost its national broadcasting license under controversial circumstances recently.

» House ratifies 2010 budget
Hungary’s Parliament passed the 2010 budget, a key condition of a financing deal with international lenders, despite opposition criticism that it fails to boost the recession-hit economy.

» Hungarian lake resort helped reunify Germany
REFRESHING CHANGE: Hungary's Lake Balaton, Europe's biggest lake, and for decades a place for East and West Germans to vacation together.

» Mesterházy To Be Hungary's Socialist PM Nominee
"The Socialist Party elected Attila Mesterházy as its prime ministerial candidate for the 2010 election at a closed meeting at the week-end. Chairwoman Ildikó Lendvai presented Mesterházy as “a man for the future, with whom the left can build for the ...

» Hungarian Court Approves NATO Radar On Tubes
"The Budapest Municipal Court has rejected claims against the construction of a NATO radar station at the top of the Tubes in the Mecsek mountains near Pécs.

» Dog Shelters In Budapest And Hungary
Expats may drop unwanted dogs off at he Illatosut Dog Pound: http://www.illatosut.hu/ e.g. if they have to leave town without their four-legged pets. Its run by the local council, primarily the ...

» Invitation: Netherlands Chamber Christmas Party, Novotel, 9 December
"The Netherlands-Hungarian Chamber of Commerce is pleased to invite you and your partner to the Netherlands Chamber Christmas Party. This event brings you the perfect opportunity to make personal contact with members and partners of our Chamber, to s ...

» Dog Shelters In Budapest And Hungary
Expats may drop unwanted dogs off at he Illatosut Dog Pound: http://www.illatosut.hu/ e.g. if they have to leave town without their four-legged pets. Its run by the local council, primarily the ...

» American International School of Budapest: 'The Stories of Sheherazade', 9 December
"The American International School of Budapest (AISB) High School presents The Stories of Sheherazade a Bollywood-style musical on December 9th and 10th at 6:30 pm at the AISB campus in Nagykovácsi.

» Breeze Gospel Twice At Palace of Arts, 17 December
"Considering the enormous interest, the Palace of Arts is to offer two gospel concerts instead of the originally planned one within the same day, before Christmas.

» PWA December Networking Event, Wine Bar, 14 December
"The Professional Women’s Association of Budapest is proud to announce a very special networking event. The group’s next monthly meet-up will be focused on contributing to NANE in cooperation to ending violence against women. This event will be held ...

» Invitation: Christmas Cocktail Mixer, InterContinental, 15 December
"Spend a fun evening at the InterContinental Budapest and learn the tricks and secrets of making cocktails. Create fabulous cocktails in small groups and enjoy the friendly and intimate atmosphere.

» Leaders Of S. Korea, Hungary Agree To Expand Ties
"South Korean President Lee Myung-bak and Hungarian President Laszlo Solyom agreed Tuesday to expand their countries' bilateral ties, calling for efforts to strengthen their economic ties and to begin cooperating in new areas, including the cultural ...

» Hungary's OTP Bank Buys Companies
"Hungary’s OTP Bank has announced on Tuesday that on 30 November it has acquired CIL Babér Kft., the owner of Danubius IV. Office Building, and the main tenant D4 Tenant Kft."

» Commissioned by Müpa, Composed by Steve Reich, Performed by 25-Year-Old Amadinda…
"The festive concert of the 25-year-old Amadinda Group on December 6, featuring works of Steve Reich, is to begin with a world premiere. Commissioned by the Palace of Arts, the composer wrote a new work for the ensemble and is also to attend the worl ...

» Orco Property Group : Facelift for Mamaison
"Mamaison Hotels & Apartments is now rebranded into Mamaison Hotels & Residences. Mamaison is a leading provider of personalized hospitality experiences in Central and Eastern Europe and manages 10 unique properties from midscale to upscale deluxe wi ...

» Raleigh Studios Set To Open Budapest Facility In April
"Raleigh Studios, the largest independent studio operator in the U.S., has extended its reach internationally, breaking ground on a new state-of-the-art studio facility in Budapest. Raleigh's European partner in the venture is Origo Film Group."

» Budapest Taxi Listing
"The phone numbers of the taxi companies are shown with the international codes. If you call the cab from a Hungarian telephone, use 06 instead of 00-36."

» Chris Rea 'Still So Far To Go 2010', Budapest Sportaréna, 4 February
"The brand new single from Chris Rea Come So Far, Yet Still So Far To Go will be released as a physical 7” and digital single on September 28th 2009 and the ballad Valentino will be released early December 2009."

» French Christmas Market In Budapest, Hotel Petneházy, 5 December
Budapest Accueil invites you to discover beautiful gifts, French and Hungarian products, jewelry, pottery, food, clothes, toys and more...

» 'Janos Nagy Trio', Budapest Jazz Club, 4 December
"The Harmonia Jazz Workshop at the Budapest Jazz Club at 8.30 p.m. on Friday 4th December 2009 proudly presents the Janos Nagy Trio.

» Trade fair deals could boost Medicor Elektronika, Thormed exports
Hungarian medical equipment supplier Medicor Elektronika signed contracts at the Medica 2009 health care industry fair in Dusseldorf that could result in export orders from China for newborn incubators worth tens of thousands of euros, the Hungarian ...

» Nemak Győr projects revenue of more than €75 mln in 2010
Mexican-owned Hungarian cylinder head maker Nemak Győr sees 2010 revenue rising over the €75 million expected in 2009, though not by as much as the 20% increase in volume output, managing director Gábor Mersich told MTI.

» Property cost saving opportunities in the pipeline for pharma sector
A significant proportion of the world’s top pharmaceutical companies are undertaking sale-and-leaseback or vacant sale transactions in a drive to consolidate property assets and save costs, according to recent research issued by CB Richard Elli ...

» EBRD boosts financing for businesses in Poland
The EBRD is increasing the availability of financing in Poland with a €100 million medium term credit line to Bank Millennium for on lending to small and medium enterprises (SMEs).

» Air travel rises, freight demand falls in October
Passenger demand for air travel rose in October but freight demand continued to fall, especially in Europe, data showed, indicating the global economic recovery remains fragile.

» CG Electric spending HUF 1.2 bln on investments supported by €1.1 mln grant
CG Electric Systems Hungary is spending HUF 1.2 billion on investments at its base in Tápiószéle supported by a €1.1 million grant from the Central Hungary Operative Program, a framework for paying out European Union regiona ...

» Households borrow less
Households borrowed less both in foreign currency and in forint in October compared with September: the sector made net repayments of its forint and foreign currency debt, National Bank of Hungary (MNB) said, according to exchange rate adjusted data. ...

» Will Dracula Get the GOP Nod in 2012?
Furthermore, those other 600 organizations, which still receive billions from the U.S. government, were actually found to have committed actual crimes, such as millions of dollars worth of fraud, have been charged with murder and the deaths of U.S. t ...

» Nokia plans just one Linux phone next year
The world's top cellphone maker, Nokia, plans to install Linux software on just one new smartphone next year, a source with direct knowledge of Nokia's product roadmap told Reuters.

» Peugeot-Citroen says assessing Indian entry
Europe's second-biggest carmaker, PSA Peugeot Citroen, is assessing whether it can establish a unit in India and has not yet taken a decision, a spokesman for the group said.

» Beijing Auto says “stay tuned” on GM's Saab
Beijing Automotive Industry Holding Corp (BAIC) might still be interested in buying General Motors' Saab unit, according to the Chinese car company's general manager.

» House to close 2010 budget debate
Monday’s session of the Hungarian Parliament will see the concluding phase of the 2010 budget debate with a final vote on the document.

» Bajnai sees Hungary as “frontrunner”
Hungary has become the “frontrunner” considering the management of the economic crisis, Prime Minister Gordon Bajnai told US weekly Newsweek in an interview.  

» Huge Losses At Wizz Air?
"No-frills airline Wizz Air has had almost EUR 10 million in consolidated losses in the 2009 fiscal year, a Czech newspaper claimed. The management commented only as much as the Hungarian subsidiary was profitable, however the Ukrainian and Bulgarian ...

» Hungary Forint Gets Better After Passing Nausea
"International jitters related to concerns over Dubai have let up since last Friday and Hungary’s forint has also started the week stronger. On the back of larger risk appetite Asian bourses ticked higher, while the US dollar eased versus the euro to ...

» Link Between Dubai And Hungarian Assets Revealed
"Although there is no direct economic or financial link between Hungary and Dubai, the latter’s debt crisis has indirectly affected Hungarian assets, putting downward pressure on asset prices. The fact that the forint has responded more sensitively t ...

» Hungary: Flu-stricken doctor on life support
Via the Budapest Times : Flu-stricken doctor on life support . Excerpt: A doctor in southern Hungary was on a ventilator in a Szeged hospital last week after contracting swine flu.

» The Budapest Bardroom’s Mikulas Csomag of Literary Cheer on December 3
"Like Saint Nicolas arriving with his switches for all the naughty literary types of Budapest, on December 3, the Bardroom will be introducing new books by two local writers.

» Smiling Hospital's St. Nicholas’ Day Grand Gala, 5 December
"Our third annual Gala will feature performances by renowned classical musicians, haute cuisine, and festive surprises at the elegant Grand Hall of the National Council of Justice.

» Smiling Hospital's St. Nicholas’ Day Grand Gala, 5 December, 7 p.m.
"Our third annual Gala will feature performances by renowned classical musicians, haute cuisine, and festive surprises at the elegant Grand Hall of the National Council of Justice.

» Smiling Hospital's St. Nicholas’ Day Grand Gala, 5 December, 7 p.m.
"Our third annual Gala will feature performances by renowned classical musicians, haute cuisine, and festive surprises at the elegant Grand Hall of the National Council of Justice. Patron: H.E. Madame Erzsébet Sólyom, wife of the President of the Rep ...

» Concert Report: Mookie Brando And The Second Cousins @ Bobby Söröző
"Alt.country legends Mookie Brando and the Second Cousins hit the stage again at Bobby Söröző (1013 Budapest, Pauler u. 10) last Saturday, the 21st. Bobby's is a local for both the cops across the street and local rockers, and is owned by Papa, the d ...

» Emmis Will Fight To Put Sláger Back on Air For Loyal Listeners
"Emmis Communications, the US-based owner of Hungary’s Sláger Rádió that has been recently stripped of its licence in a disputed tender, said it would not withdraw from the market and is working to give back the popular radio to its "loyal listeners" ...

» 'BCCH Christmas Cocktail Party', British Embassy, 18 December
"The joint Christmas Cocktail Party of the British Chamber of Commerce in Hungary, the British Embassy, the Hungarian Business Leaders Forum,and the Hungarian Association of British Alumni will be held on Friday, 18 December 2009at the Old Banking H ...

» New In Budapest: 'Law Abiding Citizen'
"After his family is brutally murdered, Clyde takes matters into his own hands. He tells the prosecutor to fix the flawed justice system that failed his family, or key players in the trial will die. Clyde orchestrates the killings of high-profile tar ...

» Now Showing In Budapest: 'Law Abiding Citizen'
"After his family is brutally murdered, Clyde takes matters into his own hands. He tells the prosecutor to fix the flawed justice system that failed his family, or key players in the trial will die. Clyde orchestrates the killings of high-profile tar ...

» New In Budapest: 'Cheri'
"Lea takes Cheri to teach him about women, but of course, he learns all too well and turns out to be her perfect match. He doesn’t want to grow up and she doesn’t want to grow old and together they defy all of society’s rules. Their affair is pure pl ...

» Now Showing In Budapest: 'Cheri'
"Lea takes Cheri to teach him about women, but of course, he learns all too well and turns out to be her perfect match. He doesn’t want to grow up and she doesn’t want to grow old and together they defy all of society’s rules. Their affair is pure pl ...

» 1 dead in university shooting
A STUDENT yesterday opened fire at a university in Pecs, in southern Hungary, killing one student and wounding three other people, university and police officials said.

» From Hungary To Louisiana - Introducing Danny Josa
Words and interview by Fat. Photos by Gabor Vasko. Danny Josa grew up in Budapest but has spent several years off and on living in various states in the U.S. as an exchange student.

» CVC purchase of ABI units in Central Europe approved
The European Commission said Friday that, in its capacity as the competition authority, it cleared the acqusition of some of the Central and Eastern European units of brewing Belgium-based Anheuser-Busch InBev (ABI) group by private equity company CV ...

» What do Hungarians give a damn about?
What do Hungarians give a damn about? Not much it seems. The government can collude with opposition parties to rob ordinary Hungarians of their favourite radio stations, Roma and the Hungarian Guard can start a civil war, endless meetings can be h ...

» Demján sets up investment company
Hungarian construction magnate Sándor Demján as sole owner has set up a company with registered capital of HUF 1 billion, the business weekly HVG reported in its fresh issue on Thursday.

» Flextronics hires 900 new workers
The Singapore-based electronics company Flextronics has hired 900 new employees at its plant in Zalaegerszeg, the newspaper Zalai Hírlap reported on Friday.

» Hungary investment volume falls 8.9% in Q3
Investment volume in Hungary dropped 8.9% year-on-year in the third quarter of 2009, figures published by the Central Statistics Office (KSH) on Friday show. The yr/yr fall, continuing now for the seventh quarter in a row, steepened from a 4.7% drop ...

» WizzAir suffers €9.5 million in losses
The low-cost Budapest-based airline company WizzAir recorded group-level losses of €9.5 million in the business year ended in March 2009, while the company has so far said it is profitable, the business daily Napi Gazdaság reported on Fri ...

» Erste Leasing to open used car dealership
Erste Leasing, the leasing arm of Erste Bank, will open a used car dealership together with Gablini, Erste told MTI on Thursday.

» Gov't aims to create conditions for eurozone accession
Hungary's current government has intentionally not mentioned a possible date for Hungary's accession to the eurozone as its goal has been to put the country in a macroeconomic situation where it can meet the criteria for adopting the single currency ...

» Antenna Hungária to raise digital TV coverage rate
Antenna Hungária plans to raise the digital television coverage rate in Hungary to 88% by the end of the year, the company said on Thursday, after launching digital broadcasts in the area around Győr.

» Orangeways wins local public bus service tender
The Hungarian city of Baja has awarded a contract to provide local public bus transportation to commercial long-distance coach company Orangeways, mayor Zoltán Révfy said on Thursday.

» AVC Advisory & CCCH Seminar: Are Real Assets The Key To Real Returns?
"The Canadian Chamber of Commerce in Hungary & XpatLoop.com in association with AVC Advisory Moscow & Castlestone Management Luxembourg proudly invites you to a Business Seminar: Are Real Assets the Key to Real Returns?

» Student Guns Down Classmate Iin Pécs, Hungary
"A first-year pharmacology student shot one of his schoolmates dead in a physics class at Pécs University’s Biophysics Institute on Thursday morning. Another student was critically injured, while a cleaning lady and a teacher were also wounded.

» Hungarian Forint Most Distressed In Region As Dubai News Spook Investors
"Amid the gloom that has enveloped the world’s stock markets, yesterday’s 2% loss for the Hungarian forint may continue today. A further descent for the currency is already apparent; the EUR/HUF rate has climbed from 272 last night to 274.50 on Thurs ...

» Hungary FinMin: If You Promise Tax Cuts, You Missed The Point About The Crisis
"At 3.8% of GDP, Hungary’s 2010 deficit target is realistic, Hungary’s Finance Minister Péter Oszkó told daily Napi Gazdaság in an interview. In Oszkó’s view, projected economic growth from 2011 may create space for future tax cuts.

» 'Simply Music – Don’t Just Listen', Palace Of Arts, 28 November
"It’s good to make music! Participants in this series at the Palace of Arts, are organised into groups of 10 to 15 children and through activities built on improvisation and musical creativity, they discover and explore skills they perhaps didn’t kno ...

» 'XII Bluespatika Jamboree', Gödör Club, Budapest, 27 November
"The star, who we have heard and seen in Hungary in '72 last. A twenty-year jubilee, a premier concert and a stormy celebration on the 67th birthay of Jimi Hendrix. That is what XII Bluespatika Jamboree offers on 27th of November on the best Blues pa ...

» 'Soul II Soul DJ Performance', Symbol Budapest, 28 November
"We are excited about the imminent arrival of world-famous Soul II Soul for the “Back to Life, Back to Reality” party on Saturday 28 November 2009 at Symbol.

» 'Helsinki Philharmonic Orchestra', National Concert Hall, 27 November
"The Helsinki Philharmonic Orchestra was the very first Scandinavian symphonic orchestra to be founded and 126 years later, it is still going strong. For its first fifty years it was directed by its founder Robert Kajanus, and between 1892 and 1923, ...

» Gunman Opens Fire At Pecs University In Hungary
"A student has opened fire on classmates at a university in southern Hungary, killing one person and wounding three others, officials say. The man started shooting during a class in the biophysics research institute at Pecs University, authorities sa ...

» Jobless Total Highest In Hungary Since 1996
"The unemployment rate rose to 10.4% in August-October, the highest level in 13 years, the Central Statistics Office reported yesterday. The rate for July-September was 10.3%, compared to 7.7% a year earlier.

» 'Sparkling Christmas Christals Exhibition', Sterling Gallery, Opens 3 December
"The best of Hungarian design-jewellers Peter Vladimir, the professor of the University of Applied Arts and his ex-students, Katalin Jermakov, Réka Lőrincz, Orsolya Kecskés, Gyöngyvér Gaál – to mention only a few names of the new generation of young ...

» Shooting at Hungarian university leaves 1 dead, 3 seriously injured; suspect in custody
An ambulance worker walks near police who secure the area outside Pecs University in Pecs, some 200 kms southwest of Budapest, Hungary, Thursday, Nov.

» V4 economy ministers meet in Budapest
Economy ministers from the Visegrád Four - Hungary, the Czech Republic, Slovakia and Poland - discussed cooperating on energy matters, supporting cross-border activity of SMEs and offering more focused investment incentives at a meeting in Bud ...

» Heads of six countries' tax offices hold discussion in Visegrád
Tax payment discipline has not relaxed significantly despite the economic crisis, however, tax revenues have fallen slightly, while cross-border tax fraud has increased, participants of a meeting of the heads of six countries' tax offices said at a p ...

» Hungary needs a more predictable foreign policy
Hungary should follow a more predictable, forward-looking and pro-active foreign policy in order to secure the country's interests, Prime Minister Gordon Bajnai told a conference on Thursday.

» Four reported injured in university shooting in Hungary
A student has opened fire on classmates at a university in southern Hungary, killing one person and wounding three others, university officials say.

» Szeged signs contracts for reconstruction projects
The city of Szeged has signed a HUF 1.2 billion (€4.48 million) contract with the Merkbau Kft and a HUF 233 million contract with the ATV Szeged Consortium to implement European Union-supported downtown reconstruction projects, Szeged Mayor L&aa ...

» New PM Candidate Of Hungary's Socialists Not So Popular
"Even Lajos Bokros, Hungary’s former Finance Minister and father of an astringent austerity package in the mid-90s, would be welcomed more as a Prime Minister candidate than Attila Mesterházy, who has been just nominated by the Socialist Party’s (MSZ ...

» Hungary And Croatia Toe-To-Toe Again
"The gong has sounded again in the ring where Hungary’s MOL and the Croatian government are pounding each other for some time now. According to Croatian press reports, MOL has put a very small bid on the table for INA’s oil fields in Syria and the st ...

» Hungary Faces Persistently Low Inflation, Slow Recovery
"As economic recession is likely to keep price and wage hike intentions in check for a long term, Hungary should expect a persistently low inflationary environment, the staff of Hungary’s central bank (NBH) said in the bank’s quarterly Report on Infl ...

» New Head Of Communications At Budapest Airport
"Károly began his career in communications 15 years ago whilst still at university as a journalist working for daily Magyar Hírlap. He reported from Bosnia and Kosovo and then, upon his return to Hungary, worked on training journalists in the Center ...

» Posters In The Socialist Era, Museum of Trade and Tourism, Shown Now
"This time the MKVM (Hungarian Museum of Trade and Tourism) exhibits posters from the 1945-1989 period. The posters reflect the various trends that characterised the decades in the era, and also inform us on what products were advertised most, what k ...

» The Brothers Karamazov: “Stunning”, Opera House, 26 November
"The graphic for the upcoming Hungarian National Ballet Company’s premier, The Brothers Karamazov, says it all. Entwining tightly with a sense of the foreboding, the ropes depicted on the playbill will take on a new meaning for theatre goers attendin ...

» 'Hungarian Folklore Performances', Danube Palace, 28 November
"The "Hungarian State Folk Ensemble", the "Danube Folk Ensemble" and the "Rajkó Folk Ensemble" are three of the best professional Hungarian folk ensembles and perform in this series the greatest of Hungarian Folklore.

» New In Budapest: 'The Informant'
"Mark Whitacre turns into a whistleblower to expose his company. He envisions himself as a hero but he must get evidence for the FBI. Because of his ever-changing account, he frustrates the agents and threaten the case against the agri-industry giant ...

» Now Showing In Budapest: 'The Informant'
"Mark Whitacre turns into a whistleblower to expose his company. He envisions himself as a hero but he must get evidence for the FBI. Because of his ever-changing account, he frustrates the agents and threaten the case against the agri-industry giant ...

» New In Budapest: 'Zombieland'
"Columbus has made a habit of running from what scares him. Tallahassee doesn't have fears. If he did, he'd kick their ever-living ass. In a world overrun by zombies, these two are perfectly evolved survivors. But now, they're about to stare down the ...

» Now Showing In Budapest: 'Zombieland'
"Columbus has made a habit of running from what scares him. Tallahassee doesn't have fears. If he did, he'd kick their ever-living ass. In a world overrun by zombies, these two are perfectly evolved survivors. But now, they're about to stare down the ...

» STR Global posts European performance results for October 2009
The European hotel industry posted mixed results in year-over-year results when reported in U.S. dollars, euros and British pounds for October 2009, according to data compiled by STR Global.

» Hungary in grip of flu epidemic
Influenza infection has officially reached the level of an epidemic, the National Epidemiological Centre announced at a conference last week.

» Hungary and energy independence
According to this morning's HVG Orbán is looking to Russia to help Hungary achieve energy independence. The claim is made there that he met with Putin on Saturday during the United Russia party congress in St. Petersburg. He was invited to speak b ...

» Socialists Nominate Faction Leader Mesterházy As PM Candidate
"The leadership of Hungary’s minority governing Socialist Party (MSZP) has supported the nomination of head of the party's parliamentary group Attila Mesterházy (35) as the next MSZP candidate for Prime Minister.

» Radio Ruckus Amplifies In Hungary
"Chairman and CEO of Emmis Communications, the owner of Hungary’s Sláger Rádió, has denounced the frequency authority’s tender procedure that took away the radio’s licence it held for 12 years as "politically corrupt". Emmis has decided to withdraw f ...

» Euro Adoption Not In Sight For Hungary Because Of Bulging Debt
"Although the Hungarian government is fiscally prudent, it has a small maneuvering room for economic stimulus and the country’s bulging debt makes it very difficult to join the euro zone any time soon, said Jeromin Zettelmeyer, Director for Policy St ...

» Hungary's MNB Cuts Base Rate To 6.5%
"The National Bank (MNB) monetary council lowered the base rate yesterday, from 7% to 6.5%. There were proposals for 25- and 75-basis-point cuts, but a convincing majority voted for the 50-basis-point cut, MNB Governor András Simor said after the mee ...

» 'Company Pál Frenák', Trafó Budapest, 4 December
""Pál Frenák is celebrating the tenth anniversary of his company by recreating their 2002 performance-choreography. Significant figures from the contemporary dance scene whose careers were heavily impacted by their time spent in the Pál Frenák Compan ...

» 'Mood Concert', Palace Of Arts, 25 November, 5 p.m.
"The Palace of Arts has become such a central feature of Budapest’s musical life over the past three and a half years that it is hard now to work out how we survived without it. And by the same token, it is impossible to imagine the Palace without th ...

» New In Budapest: 'Astro Boy'
"A brilliant scientist created a young robot who is endowed with super strength, x-ray vision, unbelievable speed and the ability to fly. The robot goes on a journey in search of acceptance and meets many people. He learns his family and friends are ...

» U.S. Presidential Proclamation - Thanksgiving Day - 26 November
"What began as a harvest celebration between European settlers and indigenous communities nearly four centuries ago has become our cherished tradition of Thanksgiving. This day's roots are intertwined with those of our Nation, and its history traces ...

» 'How We See The Finns?', Museum Of Ethnography, Until 28 November
"A great Finland-themed exhibition, “How We See the Finns?”,exhibition can be seen until 28 November. The exhibition is created around elements of traditional Finnish culture, the Finnish-Hungarian relationship and the stereotypes created about the F ...

» Now Showing In Budapest: 'Astro Boy'
"A brilliant scientist created a young robot who is endowed with super strength, x-ray vision, unbelievable speed and the ability to fly. The robot goes on a journey in search of acceptance and meets many people. He learns his family and friends are ...

» Hungary leader to visit Sunday
President Laszlo Solyom of Hungary will visit Korea on Sunday at the invitation of President Lee Myung-bak, the Blue House said.

» Joint program drawn up for EU trio presidency
The main business associations of Hungary, Spain and Belgium have drawn up a joint program based on priorities for employers during the period the three countries share a trio presidency of the European Union, Hungarian business association MGYOSZ to ...

» Persona non grata?
It seems my attempt to use too many references and links in my blog post comment in a response to "A Hungarian wr ...

» Ombudsman calls for law to improve transparency
Hungary's green ombudsman on Tuesday called for new legislation to make government spending on climate protection more transparent.

» PM asks liberals to support 2010 budget
Hungary's Prime Minister Gordon Bajnai attended a meeting of the liberal opposition Free Democrats' parliamentary group on Monday to discuss the party's support for the 2010 budget.

» Broadcast authority chief starts legal action
László Majtényi, the chairman of Hungary's national body in charge of awarding frequencies ORTT, told MTI on Monday he is asking attorney general Tamás Kovács to initiate a legal investigation of a recent tender for ...

» Gov't reaches agreement with smaller railway unions
The government on Monday reached an agreement with four small railway unions on plans to cut funding and restructure. The biggest railway union, VDSZSZ, did not sign the agreement.

» Embassies Bash Hungarian Organisations And Parties Rather Than The Government
"Hungary’s Prime Minister Gordon Bajnai has on Monday met Ambassadors of nine countries that last week issued a joint statement condemning Hungary’s lack of transparency in public areas. He said the criticism was not addressed to the government rathe ...

» Jobbik Horthy Demo In Budapest, 11th District
"A march organised by the far-right Jobbik party marking the 90th anniversary of the procession of Regent Miklós Horthy into Budapest took place in the 11th District on Sunday.

» Local Law Matters: The Written Private Last Will & Testament
In this article, we will examine the most common type of testament in Hungary: the written last will and testaments, and more specifically, the written private last will and testament. Both are worth knowing about by expats since local laws often dif ...

» Local Law Matters: Last Will and Testaments, The Oral Testament
Sooner or later, the issue of drafting a last will and testament will arise in everyone’s life. Because it is imperative for assets to be protected in the event of one’s death, it is important to clearly understand the relevant regulations of such a ...

» Baptist Church of Budapest’ Christmas Eve Service
"We will be meeting at the Intercontinental on 24 December from 17:00. There will be various hot drinks: hot chocolate, coffee, and hot apple cider. The service will began at 17:30 and conclude at 18:30.

» Cycling From London to Brisbane Via Budapest
Cricket nut Oli Broom, 29, set off on 10 October 2009 to cycle approximately 25,000km from Lord's Cricket Ground, London, to Brisbane Cricket Ground. His bike adventure recently lead him through Budapest, and local expat Brandon Krueger caught up wit ...

» Found In Translation: An Interview With Peter Strickland By Matt Ellis
"It is ironic that British expatriate Peter Strickland – writer and director of the lauded, soon-to-be released Katalin Varga, is getting a lot of attention abroad, from invitations to film festivals in Taipei and Mumbai, to the cover of Sight and So ...

» Police Officers Get Too Light Sentence For Using Degrading Treatment Against Disabled Persons
"The Hungarian Helsinki Committee finds that the 16 June 2009 ruling of the Pécs Appellate Court is unacceptable, as it reduced the suspended imprisonment imposed in the first instance on police officers from Csurgó, who had humiliated two mentally h ...

» Simon Stephens: Pornography, Merlin Theater, 14 and 16 December
"Simon Stephens’ play Pornography is set in July 2005, when the London bombings took place. The author shows the few days between the Live 8 concert, the announcement that London had been awarded the Olympics and the July 7 bombings through everyday ...

» Budsucs Stand Up Comedy Night, Cotton Club, 1 December
"Due to high demand we are bringing BRUCE FUMMEY back to Budapest…Remember the Scottish comedian in that ugly pair of trousers? Scotland’s funniest physics teacher? The big fat bloke who had the BUDSUCS crowd belly laughing in seconds back in 2007? N ...

» Embassies have no gripe with government
Nine embassies in Budapest who last week wrote an open letter calling attention to a lack of transparency they said negatively affected Hungary's investment environment were critical not of the government, but of institutions independent of the gover ...

» Bonarka City Center opens new doors to Krakow
Bonarka City Center, the largest urban center in southern Poland opens its first phase: the shopping and entertainment center. The three-phase project is developed by TriGranit Holding and IPR's joint venture Roland Investment, valuing a total of &eu ...

» Police block march by banned Hungarian group
Police in Budapest on Sunday night blocked members of the right-wing organization the Hungarian Guard from marching in a commemoration ceremony.

» What Does Fidesz Want? Hungary's Budget Deficit On The Centre Stage
"The communication of Hungary’s would-be governing party Fidesz about the 2010 budget deficit is not overly polished to say the least. It seems Fidesz wants a budget gap of around 7.0% of GDP or if it does not exactly want it, it says it will be this ...

» U.S. Embassy Promotes Good Corporate Governance, Business Integrity And Anti-Corruption
"To increase awareness and work for adoption of good corporate governance and ethical practices in Hungary, the Embassy organized a digital video conference with Dr. John D. Sullivan, Executive Director of the Center for International Private Enterpr ...

» Hungary's Taszár Airport Sold For Ft 1 billion
"Ugarde Kereskedelmi, owned by UK and Middle Eastern interests, has won the tender to operate the Taszár airbase, with a Ft 1 billion bid.

» Hungary's Forint Firm Ahead Of Rate Meeting
"Hungary’s forint has started the week stable versus the euro. Although global investor sentiment is currently supportive of CEE currencies, it became all too evident on Friday that the HUF remains sensitive to news from the region (rumours about a p ...

» Contemporary Drama Festival, Budapest, Until 28 November
"More than a decade, around a hundred foreign performances, hundreds of foreign guests from more than fifty countries on five continents… This is the history of the Budapest Contemporary Drama Festival in numbers. The original goal since 1997 has bee ...

» Xpat Watch: Sports Bars - A New Legend For Budapest
Finally! Another real, true sports bar to rival the reigning dowager empress of Budapest sports bars, Champs. The newly-opened Legends Sports Bar, located at the site of the former Ocean restaurant in District V, is a welcome addition to the need for ...

» Concert report: Bob Pike (US) and Rainbow Jizz Concert At Treehugger Dan's
"Musician Bob Pike has been an off-and-on fixture in Budapest for at least 10, maybe 15 years. I had heard about him from various friends but never met him until last year when he sat in for a few songs on mandolin with alt.country star Mookie Brando ...

» If It Ain't Broke, Don't Suffix It: A Book Review By Matt Ellis
“It should be against the law to mock somebody who tries his luck in a foreign language.” So begins Chico Buarque’s novel Budapest. It’s a winning opening line, both disarming and knowing, especially when read by somebody who has tried to learn Hunga ...

» Responsibility & Fate
This year’s Junior Prima awards in the “Hungarian Research” category were presented to the ten prize winners at a gala at the National Gallery. The evening was organised by the Hungarian Development Bank, the Hungarian Oncological Society and ...

» As Russia rises, Hungary seeks the middle ground
Walk through the door of the House of Terror and you are confronted by a red star and the arrow-tipped cross of the pro-Nazi party that surged to power in the 1940s.

» Ambedkar in Hungary
The Romas, a discriminated minority in Hungary, turn to Ambedkar and Buddhism in their quest for dignity and equality.

» Sleep Apnea May Cause Heart Disease in Kidney Transplant Patients
Sleep apnea is common in individuals who receive a kidney transplant and is associated with increased risk of high blood pressure, heart disease or stroke, according to a study appearing in an upcoming issue of the Clinical Journal of the American ...

» Attila Mesterházy likely MSzP candidate for prime minister in 2010
Current Hungarian Socialist Party (MSzP) parliamentary-group leader Attila Mesterházy is likely to be selected as the MSzP's candidate for prime minister during Hungary's parliamentary elections, due in the spring of 2010, MTI has learned.

» Largest Foreign Banks In Hungary Pledge Support To Local units
"The parent banks of the six largest foreign banks active in Hungary reaffirmed their commitments made in May 2009 to support their subsidiaries, the International Monetary Fund (IMF) has reported.

» Anneke Van Giersbergen, Danny Cavanagh: Shows In Turkey, Hungary, Bulgaria Announced
Anneke van Giersbergen and Danny Cavanagh will team up for four acoustic shows this Christmas in support of their brand new album, "In Parallel" . The details are as follows: Dec.

» Euro Adoption Draws Ever Closer For Hungary - FinMin Oszkó
"Hungary’s Finance Minister Péter Oszkó has addressed several important economic issues, such as the 2010 budget, corporate tax, real estate tax and the government’s efforts to clamp down on the black economy, in an interview with Botond Rencz, Head ...

» U.S. Embassy Facilitates Cultural Exchange At Szeged Opera Festival
"Five opera companies competed at this year’s Szeged Opera Festival held from November 3-17. The Embassy supported the staging of the American opera “Emmeline” composed by Tobias Picker of the New York DiCapo Opera Theater as well as the travel of th ...

» 'Disney On Ice', Budapest Sportaréna, 24 - 27 December
"Disney On Ice presents Mickey & Minnie’s Magical Journey takes audiences on a fun-filled tour to four exciting destinations filled with favorite Disney friends. With Mickey Mouse and Minnie Mouse as tour guides, guests will visit the enchanting worl ...

» 'Recycle-Bicycle', Merlin Theater, 26 November
"In Hungarian with English subtitles. - After the success of the performance titled Ökosztüm (Ecostume) in 2008, a collection of nearly 100 fantasy-outfits and spectacular fashion show based on the collection a new project was devised to promote recy ...

» 'Capilla Flamenca Concert', Váci Utca Church Budapest, 26 November
"As part of the event series entitled “Choralis Constantinus 500 – the singing rituals of the Habsburg imperial court according to 15-16th century practice” the world-renowned Belgian vocal group the CAPILLA FLAMENCA is performing in Budapest.

» 16. Canadian Lobster Dinner, InterContinental Budapest, 21 November
"On Saturday, 21 November, 2009, at 6 p.m. at InterContinental Budapest Hotel.

» Nine countries warn Hungary over corruption
Nine embassies in Hungary warned in a joint letter that recent instances of what they called "non-transparent behaviour" would discourage foreign investment and hamper growth in the central European country.

» Area developer likely headed to Hungary as ambassador
Sacramento real estate developer and philanthropist Eleni Tsakopoulos-Kounalakis appears headed for confirmation as the next ambassador to the Republic of Hungary after winning strong backing from the Senate Foreign Relations Committee on Wednesda ...

» US housing starts fall sharply, inflation edges up
Construction of new homes in the United States hit a six month low in October, providing more evidence of the economy's sluggish recovery, while a surge in the cost of new and used vehicles lifted consumer prices.

» Hungary Needs New 2010 Budget, New Loan Deal With IMF Next Year - Matolcsy
"Hungary will need to conceive a new budget for 2010 and the country will need to take out a new loan from the International Monetary Fund (IMF) next year, said a senior official of centre-right opposition party Fidesz.

» Tompa Triple Murderer Confesses
"A 29-year-old man has confessed to committing the triple murder on a farm in Tompa, southern Hungary on November 4. The suspect in the killing of an elderly couple and their daughter was detained on Monday following an analysis of evidence found dur ...

» Central Europe Dance Theatre: 'Carnival', Merlin, 25 -26 November
“The performance entitled CARNIVAL explores the subject of transformation, focusing on discovering our familiar and unknown sides. Our imaginary human and animal faces encounter in this dynamic adventure, where extremes do not only occur on the level ...

» 'The Dance Palette: A Hungarian Dance Fest', Opera House Budapest, 23 November
"An annual event since 1991, the Dance Palette will arrive again on the scene November 23 at the Hungarian State Opera House. A collection of elite domestic dance talent encompassing a wide range of dance styles and genres is independently produced b ...

» Joint Statement On Transparency
"This press release is being issued with the support of the Embassies of Belgium, France, Germany, Japan, Norway, Switzerland, The Netherlands, The United Kingdom and The United States. We represent countries whose companies provide the majority of H ...

» Concert Report: Michael Kentish (UK) Concert At Treehugger Dan's
"Michael Kentish just keeps on growing as an artist. Will someone please give this amazingly talented singer-songwriter a record contract?! Besides some of my favorite The Random Chocolates tunes such as "Pure" and "Casa Retro," he played my all-time ...

» Otthon Centrum projects 30% drop in Budapest home sales
Hungarian real estate broker Otthon Centrum expects about 40,000 new and resale homes to be sold in Budapest in 2009, about 30% less than in the previous year, Otthon Centrum told MTI on Wednesday.

» Hungarian Cancer Formula Producer Questions U.S. Introduction of AveUltra
Hungarian drug producer Biropharma and patent holders of its main product Avemar dispute the connection American BioSciences Inc.

» Corruption Remains Undisturbed In Hungary
"Hungary has stepped one rung higher to the 46th position in Transparency International's Corruption Perceptions Index (CPI), the Hungarian chapter of TI has announced on Tuesday. "If no effective action is taken against corruption, Hungary may easil ...

» Hungary's Oszkó Among The Worst Finance Ministers In The EU - Financial Times Ranking
"The Financial Times has published its ranking of the European Union’s best finance ministers. Hungary’s FinMin Péter Oszkó ranks 17th of the 19 "contenders". The FT’s list shows how each of the European finance ministers was ranked politically, on e ...

» Hungary Starts Trading On Strong Footing
"Replaying its Tuesday kick-off, Hungary’s forint started its Wednesday session at 265 versus the euro, a strong technical support level, as global money and capital markets remained jocund thanks to a rise of US stock indices yesterday.

» 'Attila Csörgő Exhibition', Ludwig Museum, Until 24 January
"Attila Csörgő is one of the most renowned fine artists of the young Hungarian artist generation who participates in significant international exhibitions and fairs. He represented the country in the Hungarian Pavilion at the 1999 Venice Biennale, he ...

» More Commercial Ties With Hungary Needed
"Speaking at the opening ceremony of the Turkey-Hungary Business Council Meeting organized by the Turkish Foreign Economic Relations Board (DEİK) in Budapest on Tuesday, Ergün said globalization removed economic boundaries and pushed fierce competiti ...

» 'El Chavo Live', Take5 Budapest, 21 November
"Budapest's Number One Funky Latin Band grace the hallowed stage of Budapest's Number One jazz club. We all know that "EL CHAVO" are the funkiest & swingiest latin combo in Budapest. With the funkiest and swingingest and coolest (that's for sure!) au ...

» 'Japanese Puppet Theater', Centrál Theater, 22-23 November
"As a genre, Japanese puppet theater is not considered a form of entertainment intended primarily for children. Rather, it is a major form of popular entertainment that originated in the days of the samurai warrior elite.

» 'The Smallest Common Multiple', Műcsarnok, Until 13 December
"Szabolcs KissPál’s solo exhibition is a mid-career survey, highlighting the main directions of his work to date, and bringing out those contents and possibilities that currently mark his art. With old works providing points of reference, the exhibit ...

» Now Showing In Budapest: 'Paranormal Activity'
"After a young, middle class couple moves into what seems like a typical suburban starter tract house, they become increasingly disturbed by a presence that may or may not be demonic but is certainly most active in the middle of the night. Especially ...

» Now Showing In Budapest: 'The Twilight Saga: New Moon'
"When Edward and his family leave, Bella is heartbroken. Her desire to be with him leads her to take greater and greater risks but Edward's image comes to her when she puts herself in danger. When a former nemesis shows up, a pack of supernaturally l ...

» Now Showing In Budapest: 'The Secret of Moonacre'
”When 13 year old Maria Merryweather's father dies, leaving her orphaned and homeless, she is forced to leave her luxurious London life to go and live with Sir Benjamin, an eccentric uncle she didn't know she had, at the mysterious Moonacre Manor. So ...

» Tamas Kadar unhurt after his car crash drama
NEWCASTLE UNITED defender Tamas Kadar narrowly escaped serious injury after the car in which he was travelling collided with a herd of wild boar.

» Hungarian Director Wins At Festival
"Hungarian Roland Vranik won the best direc-tor award and that of the students jury at the Seville Film Festival for his feature Adás (“Broadcast”) on Saturday night. He won ahead of 15 other European movies. Vranik is the first Hungarian to win the ...

» Political pressure slows public transport restructuring
Political pressure has slowed down the process of restructuring Hungary's public transport system, but the plan has not been completely watered down, government commissioner in charge of the task Károly Antali said in an interview published in ...

» Armenian And Hungarian Presidents Highlighted Further Boosting Of Pa
Date : Wed, 11 Nov 2009 12:47:37 +0400 ARMENIAN AND HUNGARIAN PRESIDENTS HIGHLIGHTED FURTHER BOOSTING OF PARTNERSHIP BETWEEN THE TWO COUNTRIES AZG DAILY 10-11-2009 International State visit of the Armenian President Serzh Sargsyan to Hungary kicke ...

» Radical Website Editor On Trial In Hungary
"Balázs M., the alleged editor of radical right-wing website kuruc.info, went on trial on charges of abuse of personal data and libel at a Székesfehérvár court on Friday.

» Serzh Sargsyan Appreciates Disinterested Attitude Of Hungarian Justi
From : Sebouh Z Tashjian Date : Tue, 10 Nov 2009 17:27:10 +0400 SERZH SARGSYAN APPRECIATES DISINTERESTED ATTITUDE OF HUNGARIAN JUSTICE SYSTEM PanARMENIAN.Net 09.11.2009 22:28 GMT+04:00 /PanARMENIAN.Net/ In a speech delivered in Budapest, Hungary o ...

» Swine flu claims two more lives in Hungary; toll seven
BUDAPEST: Two more people died of swine flu in Hungary, a health ministry spokeswoman announced yesterday, bringing the total number of fatalities to seven.

» Planned reforms by Opposition would require new IMF agreement, says Fidesz
The main opposition party Fidesz - if it wins parliamentary elections next spring - plans reforms of the state, the tax and contribution system and the higher education system, and it wants a new package of anti-corruption measures, all of which will ...

» Commercial property prices prone to spike
“Make the most of this opportunity to invest because it will be short-lived” says Angus McIntosh, Head of Research at King Sturge in a press release issued by the property consultant.

» PM sees Hungary strong candidate for quick euro introduction
The 2010 budget drafted by the government enjoys the full support of international monetary organizations, has resulted in the forint stabilizing and paves the way for Hungary to introduce the euro before Poland or the Czech Republic, Prime Minister ...

» Irish Driver Detained Nine Years Later
"Irishman Francis Ciaran Tobin was taken into custody at his home in Ireland yesterday, nine years after his car struck and killed two children in Leányfalu, north of Budapest. He has been released on bail, and his passport has been confiscated.

» Fidesz Opposes Andor Nomination
"Fidesz MEPs will not support the nomination of László Andor to the EU Commission, the group announced on Wednesday.

» Talking up lower earnings
Telecommunications giant Magyar Telekom (MT) reported a 4.4% yr-on-yr revenue drop in its consolidated financial results for the third quarter of 2009 last week.

» Orbán envisions deficit spike
The 3.8% of GDP deficit target laid out by the Hungarian government for next year is only a mathematical possibility that can be realized if deficit figures that emerge later at the central bank MNB and several other segment of the public sector are ...

» Toga Hospitality Opens Its 50th Property
"Toga Hospitality is one of Australia's largest accommodation providers and has grown from humble beginnings with one property in 1982 to operating 50 properties across five countries over a 27 year timeframe. The group currently offers over 6,500 ap ...

» FlyBalaton Airport Operator Ordered Under Liquidation
"Cape Clear Aviation spokesman Árpád Beznicza said Vectigalis would be the liquidator of the company. When asked by MTI to name the party that brought the liquidation procedure against the company, Beznicza declined to answer, saying the information ...

» Foreign Ministers Of Hungary, Armenia Meet
"Armenia’s Foreign Minister Edward Nalbandyan met with his Hungarian counterpart Peter Balazs in Budapest. The parties agreed that visit of Armenian President Serzh Sargsyan to Hungary creates a platform for deepening and strengthening of bilateral f ...

» 'Zombieland' In Budapest From 26 November
"Columbus has made a habit of running from what scares him. Tallahassee doesn't have fears. If he did, he'd kick their ever-living ass. In a world overrun by zombies, these two are perfectly evolved survivors. But now, they're about to stare down the ...

» Now Showing In Budapest: 'Sunshine Cleaning'
"A thirty-something single mother finds herself working as a maid. She is desperate to get her son into a better school, she persuades her sister to go into a crime scene clean-up business in order to make some quick cash. The sisters find new respec ...

» Now Showing In Budapest: '2012'
"Centuries ago, the Mayans left us their calendar, with a clear end date and all that it implies. Since then, astrologists have discovered it, numerologists have found patterns that predict it, geologists say the earth is overdue for it, and even gov ...

» PM Bajnai meets Armenian president
Prime Minister Gordon Bajnai met visiting Armenian President Serge Sargsyan for talks in Budapest.

» ING to open €200 mln retail-residential complex
ING Real Estate will open a €200 million retail, office and residential complex in the south of Buda on Wednesday, the developer said.

» Expo Congress Hotel officially opens
The four-star Expo Congress Hotel by the entrance to Hungexpo, the latest member of the Mellow Mood Group's “Congress” brand, officially opened on Thursday 5 November.

» Bajnai Joins Berlin Commemorations
"Hungary’s role in the fall of the Berlin Wall makes it one of the “heroes of the moment” of 1989, Prime Minister Gordon Bajnai told Hungarian reporters in Berlin before Monday commemorations marking the 20th anniver-sary of the collapse of the wall. ...

» Orbán Doesn’t Respect The Constitution
"Fidesz leader Viktor Orbán honours the Constitution but does not respect it, he told Echo TV on Monday. Orbán said his party is open to dialogue on a deep transformation of the constitutional system, but “the fire needs to be put out” in the coming ...

» Three People Slain At Ranch
"Three people were slain at a riding ranch near Tompa, Bács county, Wednesday night. The body of the ranch owner was found in the house, and those of his wife and daughter in the trunk of a car in the stable.

» Hungarian Mountaineers Lost In China
"A team of Hungarian mountain climbers have disappeared in the eastern Himalayas region of western Szechuan, China, according to reports. The group of two men and two women left for China on October 7 with the aim of scaling the never before climbed ...

» Now Showing In Budapest: 'A Christmas Carol 3D'
"Ebenezer Scrooge begins the Christmas holiday with his usual miserly contempt, barking at his faithful clerk and his cheery nephew. But when the ghosts of Christmas Past, Present and Yet to Come take him on an eye-opening journey revealing truths Ol ...

» Tourist board looks 3 years down the road
The Hungarian Tourist Board unveiled its marketing plan for the coming year at a press conference last Thursday. With tourism accounting for 10% of Hungary’s GDP, hopes were high in the hotel and catering industries that something could be done to ...

» Now Showing In Budapest: 'Couples Retreat'
"Four Midwestern couples embark on a journey to a tropical island resort. While one of the couples is there to work on their marriage, the other three set out to jet ski, spa and enjoy some fun in the sun. They soon discover that participation in the ...

» US commercial property up in 3rd quarter
The prices of investment-grade commercial real estate rose more than 4% in the third quarter, possibly signaling an end to the sector's year-long downward spiral, according to an leading property index released on Tuesday.

» Parliament approves gov't package of amendments to 2010 budget
Parliament on Tuesday approved the government-supported package of amendments to the 2010 budget. The package maintains the original target for a budget deficit of 3.8%c of GDP, it cuts public transportation spending by HUF 40 billion and local gover ...

» Insolvency wave to peak soon
The number of insolvency proceedings increased by 36 per cent yr-on-yr in the first nine months. The sectors most at risk were construction, wholesale and retail. Tourism-related businesses and real estate companies also had a high insolvency rat ...

» Never-Before-Seen "Drama" At Hungary's Housing Loans
"Ever since Portfolio.hu has tracked the volume of local housing loans, Hungarian households have never borrowed so little as in September 2009 - a mere HUF 24 billion, while in the pre-crisis era HUF 70-80 bn was not out of the ordinary. The latest ...

» Now Showing In Budapest: 'Pinprick'
"A teenage girl is hiding a criminal inside her bedroom closet. At first they have an innocent relationship: trading stories, making up rules, and goofing around, but slowly the man becomes bored with her girly ways and begins to spy on her lonely mo ...

» Now Showing In Budapest: 'The Brothers Bloom'
"Welcome to the world of THE BROTHERS BLOOM, where deception is an art and nothing is as it seems. The brothers have perfected the art of swindling fortunes through years of fraternal teamwork. Now they've decided to take on one last spectacular job ...

» Auchan leases new storage space
After a long preparation period and tendering retailer Auchan Hungary has decided to extend its logistics business activity in the immediate neighborhood of its present, Üllő operation location; in Viktória Park Logistics Center, a projec ...

» Why Would Anyone Buy Homes In CEE These Days?
"What hopes the Hungarian real estate market can cling to? Where will demand come from on the Budapest housing market? Will institutional investors come to the local market? Are institutional investors of Western Europe interested in the Central and ...

» Fidesz Suspects Abuse In Moscow Deal
"The building of the Hungarian trade office in Moscow was unlawfully sold well below its market price, Fidesz House foreign affairs committee chairman Zsolt Németh told re-porters on Wednesday. He said that the culpability of former finance minister ...

» Now Showing In Budapest: 'Michael Jackson´s This Is It'
"A compilation of interviews, rehearsals and backstage footage of Michael Jackson as he prepared for his series of sold-out shows in London."

» Now Showing In Budapest: 'The Time Traveler's Wife'
"Henry is an involuntarily time traveller who meets his sole mate, an artist named Clare. They fall in love and find out that their love is not what it was planned to be. Will their love last?"

» Now Showing In Budapest: 'Gamer'
"Kable was taken from his family. He was placed in prison and then taken to a place where you are controlled by other people to kill for the top rankings of that week. But the game is real and Kable must fight and kill his way out to regain his life, ...

» Hotel Opens In Budapest With Helicopter Pad
"A hotel with a helicopter pad on its roof has opened on Hold utca in Budapest’s Fifth District. Helicopters will need a special permit to land on the roof, as the US embassy, the National Bank and Parliament are nearby.

» Baglioni Hotels Withdraw From Budapest Project
"It has been announced today by Guido Polito, Vice President, Baglioni Hotels Collection that the company has decided to withdraw from the management contract for the Hotel and Racz Thermal Spa in Budapest."

» Now Showing In Budapest: 'The Vampire's Assistant'
"A boy who unknowingly breaks a 200-year-old truce between two warring factions of vampires. Pulled into a fantastic life of misunderstood sideshow freaks and grotesque creatures of the night, one teen will vanish from the safety of a boring existenc ...

» Airport Transfer At A Great Introductory Price Of Just HUF 990 (EUR 3,5*)!
"Malév and its partner Airport Shuttle Kft. have launched a new service for passengers travelling with a Malév e-ticket.

» How Long Low Rental Rates Can Be Maintained In Hungary?
"Since the onset of the global economic and financial crisis, the vacancy rate in the modern office scene has been rising dramatically. On a market characterised by oversupply, several market players have decided to push monthly rental fees to never- ...

» Now Showing In Budapest: 'Up' 3D
"78-year-old balloon salesman Carl Fredricksen finally fulfills his lifelong dream of a great adventure when he ties thousands of balloons to his house and flies away to the wilds of South America. But he discovers all too late that his biggest night ...

» New Obstacle To Foreigners’ Purchase Of Land
"Parliament voted on Monday to make it more difficult for foreigners to purchase arable land in Hungary, by requiring potential buyers to obtain approval from agricultural authorities. The proposal had multi-party support.

» Now Showing In Budapest: 'Julie & Julia'
"Julie Powell is stuck. She is almost 30, living in Queens, New York, and working in a cubicle. But she decides to take her worst quality, cooking, and put it to the test. She decides to spend one year cooking all 524 recipes from the cookbook of fam ...

» Sármellék 'FlyBalaton' Airport Suspends Operations
"FlyBalaton airport in Sármellék closed down for an indefinite period on Saturday, CEO Attila Benkő announced. The airport at the western end of Lake Balaton will not reopen until an agreement is reached with new operators, with whom talks are on ong ...

» Canada Denies Plans For Hungarian Visas
"Canada has no intention of reintroducing visas for Hungarian citizens, an immigration spokeswoman told AFP Thursday following Hungarian media reports to the contrary."

» Escape From Hungary To Albania - By Liam Crow
Sadly it is finally the end of the summer that really wasn’t. June was a cool, rainy mess, July and August didn’t produce the heat wave which makes you go WOW, and now September has swept in with its warm days and cool nights which are much more like ...

» State Mortgage Subsidies Now Available
"A new mortgage subsidy system came into force on October 1, government spokesman Domokos Szollar told reporters.

» Malév Aircraft Design Tender - Vote For The Best Design
"About 200 plans from Hungary and abroad were submitted to the Malév aircraft paintwork design tender. Malév is using this tender as a way to select a totally new livery for one of the Q-400 turboprop aircraft. One criterion of the final design is th ...

» Hungary Jan.-Aug. Tourist Arrivals Decline
"Monday, Hungary's Central Statistical Office said that the foreign tourist arrivals decreased 12% year-on-year in the January to August period. Meanwhile, the domestic tourist arrivals were down 6%."

» 70-Meter Tower Cranes Arrive At Ferihegy Airport
"The construction of SkyCourt has reached a new stage in Ferihegy: the special tower cranes which will lift the steel structure of the building to its place have arrived from Germany.

» Facing Challenges In Eastern Europe’s Property Sector
"The current market freeze, particularly in some Eastern European markets, will without a doubt shake out many weaker players giving significant expansion opportunities to those companies that have the capital structure able to bear the full brunt of ...

» Our Váci Utca 34th Most Expensive Retail Location In The World
"Váci utca, a posh shopping street in downtown Budapest, ranks as the 34th most expensive retail location in the world, down four places from last year, according to the latest edition of Cushman & Wakefield's Main Streets Across The World 2009 ranki ...

» Win A Weekend In Budapest
"Participants completing this survey will be entered into a contest to win a weekend in December for two in Budapest. The prize will include airfares, accommodation, a Budapest Card, museum and concert tickets, a taste of the Budapest Christmas Fair ...

» Hotels In Central And Eastern Europe
"Occupancy of Budapest hotels fell to 55,7% in Summer 2009 and VAT concession in tourism was the only good news in the Hungarian market. – claims the latest hotel market report of CB Richard Ellis (CBRE).

» Malév Reports A Good Summer With Strong Passenger Growth
"This summer generated more passengers for Malév. The Hungarian national carrier is one of very few European network airlines that recorded success in its summer passenger traffic. During the summer months more customers travelled on the airline's Eu ...

» Malév Hungarian Airlines See Increase In Passengers, Market Share
"Malév Hungarian Airlines reported a 12% increase in passengers in August yr/yr, while the average seat occupancy rate was as high as 84%, the company reported.

» Research Shows Which Countries Offer Best Holiday Bargains
"Tesco Travel Money have revealed the results of its research into where the best deals can be found for holiday destinations and Bulgaria, Hungary and Poland came out on top."

» Music Academy Closing For Renovations
"The Liszt Ferenc Music Academy will close for two years for renovations beginning in October, it was announced on Monday. The academy is receiving Ft 10 billion in EU subsidies for the work.

» British American Tobacco Hungary Stayed In Terrapark D Office Building
"Global real estate consultant Cushman & Wakefield (C&W) has successfully represented British America Tobacco Hungary (BAT Hungary) one of the world's largest tobacco producing company at the office lease renewal on 4,000 sq m in Terrapark D office b ...

» Budapest Office Market Faces Toughest Crisis Yet
"A surplus of new supply spurred on by cheap credit has hit the Budapest office market just as absorption has fallen by over 50% because of the recession. This has resulted in a rapid increase in the vacancy rate which is forecast to reach 25% by the ...

» Budapest Office Market Is Facing The Most Challenging Crisis
"A surplus of new supply spurred on by cheap credit has hit the market just as absorption has fallen by over 50% because of the recession. This has resulted in a rapid increase in the vacancy rate which is forecast to reach 25% by the end of 2009. Re ...

» Budapest To Buy Property In Brussels
"Budapest intends to purchase a 300m2 property in downtown Brussels for about Ft 500 million, one that “expresses Budapest's ambitions to shape EU policy,” according to a presentation to be discussed by city council.

» €49 Rescue Ticket From Malév For Sky Europe Passengers
"Malév is making a further special offer available to passengers left stranded and holding valid Sky Europe tickets, who can pick up one-way air tickets for just €49 - a fare that compares favourable with low-cost airlines' prices - between 3-15 Sept ...

» Hungary: Amnesty International shows solidarity with Budapest ...

» Orco's Loss Deepens To Nearly EUR 200m In H1
"The real estate portfolio value fell to EUR1.83bn from EUR2.13bn in the previous period. The loss from revaluation surpassed our expectations for the whole year 2009 and it was probably due to halting of two major projects," Ceska sporitelna'a analy ...

» The Home That Was Built In A Day
"As a British expat used to the curmudgeonliness of French officialdom, property writer Catharine Higginson was swept off her feet by the efficiency of a German construction company that promised - and delivered - a home in seven hours."

» Development Completions To Peak In 2009
"Delivery of many office development schemes which commenced during the real estate boom period will complete in 2009 across markets in Europe, Middle East and Africa (EMEA), leading to greater choice of good quality office space for occupiers in the ...

» Returning Home For The Summer
"Looking forward to taking your children 'home' for the summer? Visiting Britain may not be top of the childrens' wish list."

» Light-Years Ahead At Ferihegy Airport
"Budapest Airport commenced the concurrent trial operation of new lighting technology in two different locations. The aim of both projects is to significantly reduce the energy consumption of the airport, and thereby reduce Ferihegy’s carbon dioxide ...

» DTZ Sees Colossal Office Developments In Budapest
"Budapest will see a huge supply of new office space in 2009-2012, with about 1.8 million square metres planned for development. This would be added to the existing 2 m sqm. The gross development volume of projects currently under construction is 485 ...

» Rents Falling Across European Property Markets
"Weak economic conditions across Europe continued to subdue rents across all property sectors in the second quarter (Q2) of this year, according to CB Richard Ellis’ latest review of rents and yields in Europe. Economists’ short-term expectations of ...

» Budapest Has Modernised
"Expatriates would enjoy moving to Budapest as it is one of the most metropolitan places in the old eastern block, according to property consultants. Budapest has flourished as a city since the end of the Cold War and with a cheap cost of living in H ...

» Hungary: Romani woman shot dead in Hungary

» Romani woman shot dead in Hungary | Amnesty International
A Romani woman was shot dead in the village of Kisléta in Eastern Hungary, early Monday morning.

» Malév Hungarian Airlines Reports Soaring Q2 Passenger Count
"Hungary's former flagship carrier Malév registered an increase in passengers that started in April. Despite the fact that the industry is particularly sensitive to the economic recession, Malév has seen 8% increase in passenger counts in Q2 2009, th ...

» Sentiment at big companies worsens, stagnates at SME’s
Confidence at Hungary's biggest companies deteriorated, while it stagnated at the country's SME’s, the latest measure of sentiment by Ecostat shows. At the same time, consumer confidence improved.

» Ecostat Acceleration Indicator stagnates in June
The Acceleration Indicator (GYIA), a measure of ten different economic and financial indicators compiled by research institute Ecostat and business daily Világgazdaság, fell 0.01% in June after rising 0.33% in May, Ecostat told MTI on M ...

» Economic committee supports Farkas to lead PSZÁF
The budget committee supported Ádám Farkas's nomination by a vote of 16-12, while the economic and IT committee supported Farkas's nomination by a vote of 16-10.

» Danube expected to rise further in Hungary
The Danube is expected to begin rising again in Hungary over the coming days, officials from the Northern Transdanubia Environmental Protection and Water Affairs Directorate told MTI on Monday.

» Hungary's hot "Ring" lures Wagnerites
Life is full of choices, few starker than this: On a sunny June day would you rather stroll along the Danube River or sit for five hours in a darkened hall listening to a very large soprano belt out Wagner? For Harald Blumauer, 66, a retired execu ...

» Hungary unemployment rate 9.8% in March-May
Hungary's average unemployment rate was 9.8% in March-May, the Central Statistics Office (KSH) said on Monday.

» VW denies having issued ultimatum to Porsche
Volkswagen said it had not presented Porsche with an ultimatum to accept its layout for a merger of the two carmakers, denying a media report and accusations from Porsche.

» Hungary PM Pledges No Pre-Election Squandering
"Hungary's Parliament may be able to pass the 2010 Budget as early as November, weeks before schedule and the government will not loosen purse strings ahead of next year's elections, Prime Minister Gordon Bajnai said.

» Those with a lot to pay a little more
Parliament last Monday approved the latest tweaks to the government’s tax reform bill, including key changes to a proposed tax on assets. Although the tax also applies to luxury items such as flash cars and yachts, its main function is as a real e ...

» Socialists To Re-Elect Senior Officials
"Old" and "young" Socialist Party senior party officials on Friday agreed that the national election committee, which will run the party until the next elections, should be supplemented with young party officials.

» Xpat Wine Club With Izabella Zwack, Radisson Hotel, 30 June
"Join-in on Tuesday 30 June for a fresh taste of the superb selection presented by Izabella and her friendly team. New and existing Xpat Wine Club members are invited to this social event at the Radisson SAS Béke Hotel in downtown Budapest. Mediterra ...

» High-Suspense Week Ahead For Investors In Hungary
"Like on a global level, there is a very exciting week ahead for investors in Hungary, with a host of new macroeconomic data from the US, an ECB rate decision, and the release of the latest current account and financial accounts stats by the National ...

» U.S. & Hungary To Share Job Insights
"On June 24, Hungarian National Police Spokesman György Makula and Chicago Police Department Spokesman Roderick Drew met via a videoconference arranged by the U.S. Embassy. The meeting came in response to Mr. Makula’s interest in communicating with s ...

» 'Preserved Art Treasures 2009', Hungarian National Museum
""The graduate, hungarian restorer students present their works in the Hungarian National Museum since 1996. The „Preserved Art Treasures 2009" artefacts” temporary exhibition presents the works of 19 restorer students: revival of paintings, sculputr ...

» 'Colorado Symphony Chorus', National Concert Hall, 2 July
"The Colorado Symphony Chorus is celebrating its twenty-fifth anniversary in 2009 with a European tour. This mixed choir with 150 members is a deserving partner of many American professional symphony orchestras, is regularly invited to leading festiv ...

» Summer Opening Hours At Palace of Arts
"We wish to inform our dear guests that the Palace of Arts ticket office is to be open from 10:00 to 18:00 hrs every day during the summer, too, while the ticket office in Andrássy út is to be closed from June 29 to August 23."

» Why Doesn't The Sun Shine Down On Hungary
"Liquidation proceedings have been launched against Hungary's solar module maker HelioGrid and a solar panel plant heralded to be built by Genesis Energy is still nowhere. It seems the sun does not shine on Hungary.

» Evita, Margaret Island Open-Air Stage, 3 July
"The classic of Webber and Rice made Eva Peron immortal whose life gets revived in summer at the Margaret Island Open-air Stage! This woman, having arisen from unbelievable depths to heights, sang on the balcony of national presidency that “Don’t cry ...

» Hungary remembers 1989 fall of the Iron Curtain, a key episode leading to the end of communism
In this June 27, 1989 file picture, then Hungarian Foreign Minister Gyula Horn, right, along with his Austrian counterpart Alois Mock cut through the barbed wire of the former Iron Curtain marking the border between East and West in Sopron, Hungar ...

» Hard Rock plans hotel and casino in Hungary
Eds: APNewsNow. Will be updated. AP Photo BUDAPEST, Hungary Hard Rock International and two Austrian firms say they will develop a Hard Rock Hotel and Casino in northwest Hungary, near the border with Austria and Slovakia.

» UCB wins EU approval for arthritis drug
Belgian pharmaceutical group UCB said EU regulators approved its Cimzia drug as a treatment for rheumatoid arthritis.

» Italy approves €300 mln for areas near Fiat plants
Italy has earmarked €300 million ($418 million) to help areas around Fiat's Pomigliano and Termini Imerese plants, where the company is cutting back or changing car output, a cabinet official said.

» Possible Suzuki, VW tie-up cheered on market
The prospect of a possible cooperation between Suzuki Motor and Volkswagen raised an enthusiastic response among investors, driving the two carmakers' shares higher.

» Pre helps Palm beat expectations, shares rise
Palm Inc posted a narrower-than-expected fiscal fourth quarter loss, and highlighted strong demand for its just-unveiled Pre smartphone.

» GM says bankruptcy sale delay would kill suppliers
General Motors Corp needs to exit from bankruptcy quickly in order to avoid a “fatal” blow to many of its suppliers and the loss of thousands of jobs, Chief Executive Fritz Henderson said in a court filing.

» Finance Ministry to announce budgetary data earlier in the month
Hungary’s Finance Ministry announced it will now publish cash-flow budget report after every 10th day of the month, instead of the 15th day of every month beginning in July in order to provide analysts, the market and the public with informatio ...

» Parragh slams “financial logic”
The current approach pursued by the Bajnai government to address the economic crisis solely from a financial instead of a general economic perspective will not be adequate to forward recovery, said László Parragh, head of the Hungarian ...

» GVH slaps fine on repeat offenders
The Hungarian Competition Office (GVH) has fined three companies for failing to observe the corrective measures laid out in an earlier reprimand, GVH said.

» FM expects tax revenues below target
Finance Minister Péter Oszkó said that Hungary's tax revenue will fall by HUF 900 billion (€3.22 billion) this year as compared to the autumn 2008 original budget plans, instead of a previously forecast shortfall of HUF 800 billion ...

» Wizz Air expects 1 mln passengers in 2009
Low-cost airline Wizz Air said that it expects 1 million passengers at Budapest's Ferihegy airport this year, 30% more than in 2008.

» BKV receives Belgian bus shipment
Budapest public transportation company BKV has received the first shipment of Belgian Van Hool buses. The company said that during the summer months 31 second-hand vehicles will be shipped to Hungary which will be introduced to standard traffic from ...

» Eger to step in as hospital operator
The municipal government of Eger has motioned joint operation of the city’s Markhot Ferenc hospital to the Heves county once a valid contract with the hospital’s current operator, private healthcare services provider HospInvest is termina ...

» Extra funds approved for Margit bridge projects
The Budapest assembly ratified with a commanding majority a motion to reshuffle the city’s budget so as to raise an additional HUF 17.1 billion needed to launch the renovation of the Margit bridge.

» Xpat Watch: Green Birthday Party For Her British Majesty in Budapest
To celebrate the birthday of Queen Elizabeth II, over 800 guests gathered at the residence of HRA Greg Dorey in Budapest on 17th of June. A light and friendly tone was immediately established due to the warm greeting and approachable style of the hos ...

» Brussels Take Action Against 25 EU Member States, Including Hungary
"The European Commission has taken firm action today against 25 Member States who prevent European consumers benefiting from the advantages of a competitive and open Energy Market by not complying with EU legislation.

» U.S: Energy Efficiency Expert Mark Hopkins Addresses Climate-Related Issues In Hungary
"Director of International Energy Efficiency at the UN Foundation, Mark Hopkins visited Budapest between June 21-25 to discuss the Obama Administration’s special emphasis on global climate issues.

» 20th Anniversary Of The Republic Of Hungary
"Programmes and commemorations on 27 June 2009, the memorial day of the fall of the Iron Curtain.

» Hungarian Drivers To Pay HUF 70 bn More Into Budget Due To Tax Hikes
"Hungary is facing a never-before-seen rise in fuels prices as of 1 July, when the government hikes both the rate of VAT and excise tax. The tax increases will generate some HFU 70 billion for the budget annually.

» China says Google spreading illegal vulgar content
China's Foreign Ministry accused Google's English language search engine of spreading vulgar content that violated the nation's law.

» Zalakerámia to skip summer break
Hungarian ceramics producer Zalakerámia will not hold its usual summer production hiatus this year, president-CEO Péter Márton said.

» Finnish president to visit Hungary
Tarja Halonen, the Finnish president, is to visit Hungary on Saturday to mark the passage of two decades since the fall of the Iron Curtain, her office said in a statement Tuesday.

» Nationalist Jobbik Party Doubles Voter Base In Hungary
"Hungary's far-right Jobbik party has doubled its voter base by now since May, pollster Tárki has reported on Wednesday. While the lead of main centre-right opposition party Fidesz has shrunk since the last survey, it is still 36 percentage points ah ...

» Hungary Forint May Go South Of 280 vs. EUR Again
"Even though the US dollar eased by nearly 2% intraday on Tuesday, Hungary's forint remained fairly stable. There are signs of further USD easing on the market now, which increase chances of the HUF firming back to below 280 against the euro.

» Hungarians Buy Photo Hall Chain From Spector Holding For 1 Euro
"Six Hungarian private investors have acquired Főfotó from Belgium's Spector Photo Group for a symbolic one euro, agreeing to take over a cc. EUR 1 m debt of the company.

» Hungarian Embassy Attack Foiled
"Pakistani authorities have foiled planned attacks on several embassies, including the Hungarian office, in Islamabad. According to diplomatic sources, bomb attacks were formulated against the Swedish, Norwegian, Czech, Italian and South African emba ...

» Jobbik, Socialists Level On 9% – Poll
"Support for the Socialists is 9% among decided voters, the same as for the far-right Jobbik, according to a Nézőpont Institute poll conducted for Heti Válasz. This is the first time that Socialist support has ever polled below 10%, the conservative ...

» 'How We See The Finns?' Exhibition In The Museum Of Ethnography
"A great Finland-themed exhibition, “How We See the Finns?”, opens in the Museum of Ethnography on the 28th of June. The exhibition is created around elements of traditional Finnish culture, the Finnish-Hungarian relationship and the stereotypes crea ...

» Canada-Day: Opera Gala, 29 June
"Date & time: Monday, Jun 29, 2009, from 19:00 to 22:30 Location: National Opera House (1061 Budapest, Andrássy út 22.) Catering: buffet table, Haraszthy Vallejo wines, and soft drinks, Nespresso coffee

» 'BCCH Family Day', Holiday Beach Hotel Budapest, 5 July
"We are planning to hold our traditional BCCH Family Day for our members, partners and their families at the Holiday Beach Hotel (1037 Budapest, Piroska u. 3 5.) on Sunday, 5 July. The event will also serve as a charity drive, so all sponsors and att ...

» Now Showing In Budapest: 'Conversations with Other Women'
"When a man and woman flirt with each other at a wedding reception, the sexual tension seems spontaneous. As they break from the party to a hotel room, the flirtation turns into a night filled with passion and remorse."

» Now Showing In Budapest: 'This Is Not a Love Song'
"The small time criminal Heaton is anxiously waiting for the release of his close friend Spike, after spending a couple of months in prison for being caught with 87g of marijuana. Heaton robs a truck, meets Spike outside the penitentiary and travels ...

» South Korea parliament to reopen but reforms uncertain
South Korea's parliament opens a new session on Friday where the ruling party will try to pass reforms to boost Asia's fourth-largest economy, while opposition MPs have already begun blockading the chamber to halt debate.

» Orco cap hike closer after Colony deal
Orco Property Group agreed to grant US group Colony Capital warrants that could boost its capital by €80 million ($111 million) or more once it escapes from creditor protection.

» Five Countries Back Roma Opportunities
"Bulgaria, the Czech Republic, Hungary, Slovakia and Spain have approved a joint declaration supporting a policy to promote integration and equal opportunities for Roma people, Social and Labour Minister László Herczog told an international conferenc ...

» IMF Green-Lights 3rd Tranche Of Loan To Hungary
"The International Monetary Fund (IMF) has on Tuesday completed the second review of Hungary's economic performance, which enables the immediate disbursement of the third, EUR 1.4 billion (USD 1.9 bn) tranche of the stand-by arrangement secured last ...

» AsiaFood To Build Noodles Plant In Hungary
"French-owned AsiaFood Kft is to build a noodles plant in Verpelét, northeast Hungary, local newswire MTI reported on Tuesday. AsiaFood is to build a 5,000-sqm (53,820-sqf) factory in scope of a green-field investment to produce frozen Chinese noodle ...

» Billions Are Spent At Hungary's Summer Fests, Mostly On Booze And Food
"Hungary's two largest festivals in the country broke records in 2008 both in terms of the number of visitors and the amount of money revellers spent there. The organisers would not have it any other way this year, either. Festival-goers are expected ...

» WizzAir Takes On Ailing SkyEurope
"A SkyEurope Boeing plane was impounded on Monday after it could not pay its airport fee at Paris Orly airport. The Slovak budget airline requested bankruptcy protection later in the day.

» Learn Hungarian? ‘Nincs semmi gond!’ - Budapest Life by Bob Cohen
"Hungarians don’t think of themselves as Europe’s most exotic people. On the outside, they seem like any normal, sausage and beer worshipping Central European folk, shopping for jeans at the new mall. Hungarians, however, speak Hungarian, magyarul, w ...

» Event Review: 'IndiaFest', Dürer Garden Budapest, 19 June
"It was a great success on Friday, 19th of June in the Dürer-kert, Budapest. It seemed that everything was perfect and in favor of IndiaFest. Whole week the weather was rainy and cold, the sky only opened on Friday and the temperature rose to 30 ° C. ...

» IMF Approves Third Loan Tranche For Hungary
"The International Monetary Fund approved Tuesday a third loan tranche of 1.9 billion dollars to Hungary from a 16.2 billion standby facility to help it weather the current economic crisis. The latest tranche brings total disbursement under the facil ...

» New In Budapest: 'Transformers: Revenge of the Fallen'
"A young, new crew venturing boldly where no one has gone before.

» U.S. Special Envoy for Guantanamo Consults with Hungarian Government Officials
"On June 18, senior U.S. diplomat, Special Envoy for Guantanamo Daniel Fried visited Budapest to follow up on earlier U.S.-Hungarian discussions concerning the closing of the Guantanamo detention facility.

» Shrinking expo market
Hungary’s expo and event organisers were somewhat surprised by the news that their market “only” contracted by some 10% in H1, as against the 25-30% sector professionals had expected, the national daily Népszabadság reported last Thursday.

» Top Iran body rejects poll annulment demand
Iran's top legislative body has again ruled out any annulment of the June 12 presidential election, as demanded by two defeated candidates, state television said.

» Parliament approves amendments to 2010 tax laws
Parliament approved amendments to Hungary's tax laws, the daily newspaper Népszabadság reported.

» Kopint-Tárki forecasts rising inflation for next year
Economic research company Kopint-Tárki forecast a 5.2% annual average inflation for this year and puts next year's inflation at 5.5% in its latest forecast, general manager Éva Palócz announced at a press conference.

» GKI forecasts 5% annual inflation for 2009
Economic think tank GKI predicts 5% annual average inflation for this year in its latest forecast released on Tuesday, far higher than the 3.5% inflation forecast in the preceding report published in March.

» Hungary should now start monetary easing, says City
Hungary should now “swiftly” embark on a gradual monetary easing as its real interest rates are among the highest in the world, London-based emerging markets analysts said on Monday as the Hungarian central bank kept its policy rate on ho ...

» Business experts concerned by VAT hike
The VAT hike taking effect on July 1 in Hungary will fail to achieve the central revenue boosting effect the government has planned, as it will cut back overall economic performance and will only result in strengthening the shadow economy, the nation ...

» Swine flu, recession put US hog industry in the red
Summer is usually a profitable time for America's hog producers but this year swine flu, recession and high feed prices have even the largest farmers operating deep in the red and some smaller ones on the brink of bankruptcy.

» Budapest to put off sewage treatment venture
The Budapest mayor’s cabinet is to call for prolonging the implementation schedule of a €491-million sewage treatment plant to be realized on the Csepel island, a project receiving substantial EU support.

» Policymakers caution on global economy, stocks slide
China's economy is headed in the right direction but the foundations of the recovery are not yet solid, a Chinese central bank official said, adding to a chorus of voices cautioning against expectations of a rapid rebound from the global crisis.

» Kazakh miner ENRC sees output recovery in 2010
Kazakh metals and mining group ENRC expects to increase its output to 2008 levels next year as markets recover, a senior company executive said.

» Now No. 8 in conference ranking
Budapest jumped from the world’s 24th most popular conference venue to eighth in 2008, and was ranked between Geneva and London, according to the Union of International Associations (UIA), a UN-affiliated, non-governmental research organisation.

» Hungary's opposition: A nasty party
VIKTOR ORBAN, leader of Hungary's centre-right Fidesz party, should be celebrating.

» Hungary's Socialists Might Step Down After Nod On Budget?
"There is an increasing number of Socialist politicians in Hungary that would not flatly reject the idea of early elections. Imre Szekeres, Ildikó Lendvai and Károly Tóth are the latest additions to the list, InfoRádió has reported on Monday.

» 'ICCH's Annual Boat Trip And Gala Dinner', Zsófia Boat, 2 July
"The BCCH and the Italian Chamber of Commerce in Hungary in association with the French-Hungarian Chamber of Commerce and Industry, German-Hungarian Chamber of Commerce and Industry and the Bulgarian-Hungarian Chamber of Commerce and Industry are ple ...

» 'Open-Air Summer Festival', Margitsziget & Városmajor, Until 30 August
"The programs of Budapest stages move outdoors during the summer months to offer great entertainment in a splendid environment. Budapest Summer Festival offers also in 2009 over 100 programs to its international and Hungarian visitors from June until ...

» Merger Rumours Around Surgut - What Will Happen To Hungary's MOL?
"Talks have resurfaced about a possible merger between Russia's largest oil company Rosneft and Surgutneftegas, which holds a 21% stake in Hungary's MOL. The parties have played down the rumours, but Rosneft's shares rallied on the Moscow stock excha ...

» 'International Guitar Festival', Balatonfüred, 20 - 27 June
"Foreign and Hungarian guitarists arrive to perform at the International Guitar Festival organised annually in June. World famous guitarists hold master classes for the applicants in the mornings of this weeklong event, performing for the public in t ...

» 'Vampires’ Ball', The Hungarian Theatre, 26 June
"Roman Polanksi’s original and highly successful theatre production is given a new life with an international creative team on the stage of the Magyar Theatre by PS Productions. Following its debut in Vienna in 1997 audiences in Stuttgart, Hamburg, W ...

» 'Concert Theatre & Gastro-Square', Ice Skating Ring of Városliget
"Visitors looking for cultural programs are offered a cavalcade with theatrical performances, concerts and gastronomical experiences on a large area and for reasonable prices until 28 June.

» MPs Finally Endorse Baka
"Parliament elected András Baka as Supreme Court chief justice with 309 affirmative votes and 36 dissensions on Monday afternoon. The House was voting on the former Hungarian judicial representative at the Strasbourg-based European Court of Human Rig ...

» Obama defends Fed as overseer on systemic risk
US President Barack Obama in an interview defended his administration's plan to give the Federal Reserve new powers to oversee systemic risks in the economy.

» World Bank, OECD grim; glimmers from Germany, Japan
Corporate sentiment surveys from Germany and Japan showed glimmers of hope, contrasting with grim global outlooks from the World Bank and Organisation for Economic Cooperation and Development.

» Mobile internet subscriptions rise to 607,000 in May
The number of mobile internet subscriptions in Hungary rose to 607,000 at the end of May from 566,000 at the end of April, the National Communications Authority (NHH) said.

» Significant majority of monetary council votes to keep key-interest on hold
A significant majority of the National Bank of Hungary (MNB) monetary council voted on Monday to keep the country's key-interest rate on hold at 9.50%, MNB governor András Simor said at a press conference.

» Number of Hungarian ships with Croatian docking permits decreases
The number of Hungarian ships with permanent docking permits in Croatia was down 1.7% to 270 in 2008 from 2007, while the number of ships with temporary docking permits fell 14.1% to 1,535 during the year, Croatian statistics reveal.

» Parliamentary committee supports proposed amendment to OÉT authority
The Hungarian Parliament's employment and labor-affairs committee unanimously approved a proposed amendment that would endow the national interest coordination council (OÉT) with consultative rights rather than arbitration rights.

» Hurting hotels dodge tax hike
The hotel industry is having to adapt to the changing economic climate, according to a report from law firm DLA last week, cited by the financial daily Napi Gazdaság. Cheaper franchise networks are in the ascendant, while others are bundling in ad ...

» Szeged city council publishes €18.9 mln tram tender
The city council of Hungary’s Szeged has published public procurement tender for the purchase of nine trams, the latest issue of the Public Procurement Gazette reveals.

» Hungary's VAT, excise taxes to increase on July 1
Hungary's VAT will rise to 25% from 20% on July 1, while the excise tax on fuel, alcoholic beverages and cigarettes will also increase on this date.

» Zalakerámia to hold scheduled shutdown at plants
Hungarian tile maker Zalakerámia plans to hold its usual summer maintenance shutdowns at the company's plants in Romhány, north of Budapest, and Tófej, Zalakerámia CEO Péter Márton told MTI.

» Government to propose new structure for management of financial regulator in autumn
The government will propose a new management structure with clearly defined responsibilities for Hungarian financial market regulator PSzÁF in the autumn, MTI reported, citing government sources.

» Drink makers fear effects of VAT boost
While certain segments of the Hungarian alcoholic beverages market will hardly be affected by the July 1 tax changes, other areas and their respective vendors may suffer.

» Gross wages rise 3.5% in April
Gross wages in Hungary rose 3.5% in the twelve months to April 2009 and net wages were up 2.7%, the Central Statistical Office (KSH) said.

» Gov’t has no downsizing plans for VPOP
Finance Minister Péter Oszkó told officials from Hungary's customs authority VPOP that the government does not plan to downsize, restructure or integrate the organization next year, VPOP informed MTI.

» Retailers to dampen VAT hike
Retail chains in Hungary will most likely not fully integrate into their prices the general 5% VAT increase taking effect on July 1.

» Volkswagen to partially idle Mexico plant in July
Automaker Volkswagen will temporarily shut parts of its plant in central Mexico from next week until early August but exports of the popular New Beetle should not be affected, a union spokesman said.

» Chavez may end patents on medicine in Venezuela
President Hugo Chavez has vowed to shake up the rules governing intellectual property rights on medicines and other products in Venezuela, the socialist's latest move against the private sector.

» Saudi utility gets loan for GE equipment buy
Saudi Electricity, the Gulf's largest utility by market value, said it has obtained a 12-year loan worth 4.1 billion riyal ($1.09 billion) from US Export-Import Bank and Canada's Export Development Credit (EDC).

» ECB's Trichet says no room for more debt
There is no room for governments that have borrowed billions to fight the economic crisis to accumulate more debt, European Central Bank President Jean-Claude Trichet said.

» Volkswagen sees positive Q2 results
Germany's Volkswagen will have a “positive result” in the second quarter and would consider giving sports car maker Porsche a loan if asked, VW's chief financial officer Hans Dieter Poetsch said.

» Soros says worst of global crisis is “behind us”
The worst of the global economic crisis is over, multi-billionaire financier George Soros told Polish news channel TVN24 urging the creation of international regulations to oversee global markets.

» Csányi Foundation To Build School
"The Csányi Foundation will raise its registered capital by half a billion forints to build a boarding school, OTP President and CEO Sándor Csányi announced at a press conference in Pécs at the weekend.

» Half Of Hungarians Happy About Far-Right Jobbik
"Pollsters Forsense and Századvég have found that 59% of their 1,000 respondents were satisfied with or even happy about the outcome of European elections held on 7 June in Hungary. Far-right nationalist party Jobbik secured three of the 22 available ...

» Hungarian Ministers To Donate 1-Month Salary To Crisis Fund
"Hungary's government decide to establish a HUF 1 billion crisis management fund that will provide one-off assistance to some 30,000 of Hungary's most disadvantaged families. Ministers have offered to donate their one-month salary to the fund, govern ...

» Lendvai: Old Guard Must Step Aside
"The Socialist Party needs a new, young prime ministerial candidate who is capable of regaining the trust of voters, party chairwoman Ildikó told a press conference on Sunday.

» Hungary C.Bank Chief Simor Says Economy Past The Worst
"International support and domestic reforms have made Hungary resistant enough to weather the worst of the economic crisis, but the economy remains vulnerable to possible future shocks, said András Simor, Governor of the central bank (NBH) on Friday. ...

» Kirtana in Concert With Andy Cooney Poetic Satsang
"Kirtana in concert, with poetry by Andy Cooney at Klebelsberg Kulturkuria on 24 June at 7 pm.

» 'TEA Time', Sapore Italiano Restaurant, 25 June
"On 25th June join us for another great night in the beautiful Sapore Italiano Restaurant. Our guest of the night is Mary Murphy speaking about: “The Answer to the Ultimate Question of Life, the Universe, and Everything - a humorous reflection on the ...

» A Stroll Through Budapest
"For those interested in the arts, Budapest offers a variety of theaters and concert halls. The Madách Theatre in downtown Budapest plays the Phantom of the Opera while the Budapest Operetta Theatre plays the local works of Kálmán Imre, Huszka Jen? a ...

» My worry: Budapest '56, Tehran '09
"I think President Obama is correct in showing extreme restraint in dealing with the situation in Iran. My concern is that opposition protestors will interpret any voicing of Western support as a sign that we will come to their aid. Every time I see ...

» 'Homage To Freddie Mercury', Margaret Island, 14 August
"Séance-concert at Margaret Island! Homage to Freddie Mercury, the singer with marvellously tone, by renowned stars. An evening, where renowned stars evoke the character of the rock legend through his songs. Presented by Attila Serbán, György Szomor, ...

» 'Irish Dance Experience', Open Air Stage, Margaret Island, 5 July
"The Irish Dance Experience is the formation of the most distinguished Irish step dancers. Its soloist and choreographer is Catherine Gallagher, multiple national and world champion, who has been a member of the world famous Riverdance band and of ma ...

» 'The Queens’ Pirates', Margaret Island Open- Air Stage, 7 August
"Musical adventure in costumes; with amorous turns, in two scenes on stage. One of the popular pieces of Gilbert and Sullivan, the famous author duo, in the witty translation of Daniel Varró, will be available to the Open-air Stage, after its premièr ...

» Secretary Clinton And Foreign Minister Balázs Re-affirm Close U.S.- Hungary Ties
"On June 10 Hungarian Foreign Minister Peter Balázs met with Secretary of State Hillary Clinton in Washington, D.C. Secretary Clinton noted the 20 year anniversary of the fall of the Iron Curtain that began with the Hungarians taking down the barbed ...

» BUX index sheds over 1,000 points last week
Budapest shares broke a long run of gains by shedding 6.68 percent last week, with further losses on the cards. Budapest joined losses elsewhere on the international share markets amid general gloom over prospects for an economic recovery.

» Malév to purchase Sukhoi planes
Former state airline Malév and Venice-based SuperJet International signed a letter of intent for the purchase of 30 Sukhoi Superjet 100 aeroplanes at the Paris Air Show last Monday. Malév CEO Martin Gauss revealed that it was unlikely that one ban ...

» 'Stranger than fiction' crime captivates Australia
A brazen gangland murder has shed rare light on Australia's seamy underworld and captivated the public with surreal details of a mob scene that has already inspired a smash-hit television series.

» Hungary interested in privatisation
Friday, June 19, 2009 ISLAMABAD: Hungarian investors are keen to benefit from the ongoing privatisation programme of Pakistan besides exchanging experience with Pakistani entrepreneurs.

» Fall of business sector employee numbers slows in April
The number of full-time employees at businesses with at least five staff fell less and the number of public sector employees rose more in April than in March, while the combined number rose 5,100 to 2,650,700, figures published by the Central Statist ...

» FM says government does not plan to downsize or restructure customs authority
Finance Minister Péter Oszkó told officials from Hungary's customs authority VPOP that the government does not plan to downsize, restructure or integrate the organization next year, VPOP informed MTI.

» Unicom, Apple close to iPhone deal for China-Merrill
China Unicom, one of China's top three mobile carriers, may be close to a deal that would see it become the exclusive seller of Apple's iPhones in China for two years, a Merrill Lynch analyst said.

» Sony CEO says restructuring steps on track
Sony Corp Chief Executive Howard Stringer said the loss-making Japanese electronics conglomerate's turnaround efforts, which include job cuts, plant closures and a management reshuffle, are advancing well.

» MNB governor says Hungary's banking system fit to survive future shocks
National Bank of Hungary (MNB) Governor András Simor said that although the economy of Hungary remains vulnerable to possible future shocks, the country's banking system is strong enough to withstand turbulence stemming from even a worst-case ...

» Hame food group purchases unit of Globus
Czech food group Hame has purchased the meat-processing unit of Hungarian canned-food company Globus, the Czech newspaper Hospodarske Noviny reported.

» Four Vacation Destinations in Hungary
I was fascinated to discover a few years back that some of my ancestors were from Hungary .

» Air France-KLM may cut a further 3,000 jobs
Air France-KLM, Europe's biggest airline, may need to cut a further 3,000 jobs but only through natural attrition, its chief executive said.

» Decline in world economy moderating
The International Monetary Fund is likely to revise its 2010 growth forecast for the world economy up with signs the rate of decline in global output has moderated, a senior IMF official said.

» 'BBJ Green Shaker', Hotel Intercontinental, 1 July
"Budapest Business Journal & Swedish Chamber of Commerce cordially invites you to attend its Green Shaker' event on 1 July at Hotel InterContinental to network with CEOs who also find green ideas important in their company’s life.

» Richter signs agreement with US peer
Hungarian drug company Gedeon Richter and its US-based unit Gedeon Richter USA signed an agreement on June 18 with US peer KV Pharmaceutical Company regarding licensing rights to certain of the latter company's Women's Health technologies and product ...

» Hungary's gross wages rise 3.5% yr/yr in April
Gross wages rose 3.5% in the twelve months to April 2009 and net wages were up 2.7%, the Central Statistical Office (KSH) said.

» Gov’t to continue with stabilization
Hungary will continue to adhere to a strict fiscal policy in order to restore investor confidence and create growth in the economy, Prime Minister Gordon Bajnai said in an interview with Dow Jones.

» Microsoft aims to boost market share
The Hungarian division of IT giant Microsoft is planning to boost its market share in the 2009-2010 period, Gyula Sarusi, marketing director of Microsoft Magyarország announced.

» Wizz Air orders 50 Airbus A320s
Wizz Air, the largest low cost - low fare airline in Central and Eastern Europe has signed a memorandum of understanding to buy 50 more A320s taking their total orders up to 132 aircraft, the company said in a press release.

» PSzÁF supervisory council president resigns
Supervisory council president István Farkas of Hungary's financial-market regulator PSzÁF resigned as a result of disagreement with the finance ministry regarding administration of the organization, the internet news portal Index.hu rep ...

» Gov’t Supports Barroso Extension
"The Hungarian cabinet supports the extension of the commission of European Commission President José Manuel Durao Barroso, Prime Minister Gordon Bajnai confirmed in Brussels on Thursday.

» T-Home Children’s Island Until 5 July
"A lot has changed in the world since last summer, but of one thing you can be sure: the T-Home Children’s Island free programme series will be welcoming children, parents and friends alike with action packed weekends at the centre of the Hajógyári I ...

» Hungarian Markets Watchdog Chief Steps Down
"The head of the Hungarian Financial Supervisory Authority (PSZÁF) has resigned, news portal index.hu has reported on Thursday. The official version is that there was an unsolvable friction between watchdog and the Finance Ministry about PSZÁF's orga ...

» Hungary Will Not Soften Fiscal Programme
"Hungary's huge government debt does not make it an option to let the budget deficit run away in a bid to foster economic growth, a method used in several European Union countries, said Finance Minister Péter Oszkó on Thursday.

» Hungary Asked On Guantánamo Inmates
"US special envoy Daniel Fried officially asked Hungary to receive inmates from Guantánamo prison on Thursday, Foreign Ministry spokeswoman Zsuzsanna Mátrai told state news agency MTI.

» Loreena McKennitt, Margaret Island Budapest, 22 June
"Canadian singer/composer Loreena McKennitt is a self-managed, self-produced artist and the head of her own internationally successful record label, Quinlan Road. In a recording career spanning two decades, McKennitt’s ‘eclectic Celtic’ music has won ...

» Xpat Watch: British Clock Strikes 150 In Budapest
To celebrate the 150th birthday of Big Ben, the world’s largest four-faced chiming clock, the British Chamber of Commerce in Hungary (BCCH) organised an evening of celebration at Budapest’s biggest five-star hotel, the Corinthia Grand Hotel Royal.

» Former Budapest Sun Editor Honoured
Robin Marshall, who was managing editor of The Budapest Sun for almost 11 years, has been made a Member of the Order of the British Empire (MBE) in the Queen's Birthday Honours list, published last Friday (12 June). The award is "for services to Brit ...

» Hungary's MOL gets ?200 million loan
BUDAPEST, Hungary - Hungary's oil and gas company MOL Nyrt. said Wednesday it will get a ?200 million loan from the European Bank of Reconstruction and Development to complete a natural gas storage facility and increase energy security in the regi ...

» Hungary Forint May Firm But Not Much
"Dark clouds hanging over global money and capital markets for days seem to be dispersing, which points towards a possible mild firming of Hungary's forint. The HUF stood out from the region so it has room to correct. The Hungarian currency eased abo ...

» Hungarians Not Environmentally Aware
"Only one-third of Hungarians adults are interested in environmental protection and ready to do something for the environment, market researcher GfK Hungária found.

» Confidence Vote Possible For Socialists
"The question of confidence in the elected party executive could be put on the agenda of the July 4 Socialist Party convention, MTI learned from a party source on Wednesday.

» Worst appears over in sackings
Only 14 per cent of employers in Hungary are planning to dismiss staff, according to a survey of 770 companies by the employment agency Manpower, the financial daily Napi Gazdaság reported last week.

» 'Night Of The Museum', Ludwig Museum, 20 June
"Dirk Jan Roeleven, director of the documentary film No Still Life and director of the Dutch NPS channel, speaks about Anton Corbijn on 20 June at 8 pm.

» 'Organ Concert', St. Ann Church, 19 June
"The St. Ann Church in Buda is one of the most beautiful Baroque buildings in Budapest. The church has survived wars, floods, earthquakes, and it nearly fell victim to the construction of the underground railroad. Fortunately the church remained stan ...

» The Jenő Ádám Orchestra Is 25 Years Old
"The symphony orchestra of the Ferencváros Jenő Ádám Music School was formed by school director Kálmán Szentmáry in 1984 and its first members were students who had performed well in school, college or national competitions, in addition to students p ...

» 'BCCH Family Day', Holiday Beach Hotel Budapest, 28 June
"We are planning to hold our traditional BCCH Family Day for our members, partners and their families at the Holiday Beach Hotel (1037 Budapest, Piroska u. 3 5.) on Sunday, 28 June 2009. The event will also serve as a charity drive, so all sponsors a ...

» Spend 8 Days In Budapest
"This is the perfect opportunity to see the splendor of Central Europe today. Lovely Budapest, the first city participants will visit, is graced by splendid suspension bridges connecting Buda and Pest. Listen to the sounds of Gypsy bands in Buda's Ca ...

» Hungary To Reduce Its Diplomatic Missions
"Hungary's Cabinet plans to close a dozen of its diplomatic missions abroad to save $10 million per year, an official said. Hungarian Foreign Minister Peter Balazs said the government will close the embassies in Chile, Luxembourg, Malaysia and Venezu ...

» Hungary Selects Goda's Chameleon As Oscar Entry
"The Hungarian Selection Committee for Academy Awards Entry met today and announced that Chameleon will be the official Hungarian entry for the Best Foreign Language Oscar. Krisztina Goda’s third feature, after Just Sex And Nothing Else and Children ...

» 'Budapest Space-Film-Music Festival', WestEnd Roof Terrace, Until 9 August
"The open-air „rooftop garden cinema” is free for everybody at the heart of the city, on the roof terrace of the West End Shopping Centre. The film festival is aimed at all ages of people, organizers offer 2 months of quality summer entertainment eve ...

» Iron Curtain Exhibition Opens in Hungary
"These cars won't get you far today, but they symbolize an important escape. Twenty years ago, Hungary was the first country to dismantle the electronic fence known as the Iron Curtain."

» Hungary's MOL Gets Euro200 Million Loan
"Hungary's oil and gas company MOL Nyrt. said Wednesday it will get a euro200 million loan from the European Bank of Reconstruction and Development to complete a natural gas storage facility and increase energy security in the region."

» 'Gocoo' Japanese Taiko - Drummer, Budapest Millenáris, 18 June
"They are called the Coolest Japanese Taiko-Drummer Band and they play at Millenáris on Thursday 18 June 8 pm. GOCOO are seven female and four male drummers who capture their audience with original grooves woven with Japanese drums, Taikos. On stage ...

» US State Department speaks to Twitter over Iran
The US State Department said it had contacted the social networking service Twitter to urge it to delay a planned upgrade that would have cut daytime service to Iranians who are disputing their election.

» US housing starts jump in May, inflation muted
New US housing starts and permits surged in May from record lows, while wholesale prices were muted despite higher gasoline prices, indicating the economy was moving closer to the end of a deep recession.

» Analysts give up on forint loans
As of July 1, the current central support scheme offered to young Hungarian homemakers will be scrapped, but the government said it plans to introduce a new system from October, the daily Világgazdaság reported.

» Hungary: Shadow of the Weimar Republic
In winning European Parliament success, Hungarian extremists fed off years of pent-up popular fury.

» DARE-Taverna buys Rogner Hotel and Spa Héviz
The DARE-Taverna group has bought the five-star, 232-room Rogner Hotel and Spa in Héviz, near the lake Balaton in Hungary, Taverna Holding told MTI.

» Reneszánsz and Főkert to renovate Grassalkovich palace
Hungarian stonemasonry company Reneszánsz Kőfaragó has won the tender to renovate the Grassalkovich palace in Gödöllő, about 30 kilometers northeast of Budapest, for HUF 1 billion (€3.59 million) net, the Gödöll ...

» Foreign Ministry confirms streamlining
The Foreign Ministry is closing down 4 embassies and 8 consulates, while merging the delegations of Hungary to three international organizations, Foreign Minister Péter Balázs announced.

» Socialists Mull Three Wealth Tax Rates - (Almost) Everyone Must Pay
"According to the latest proposal of Hungary's Socialist Party (MSZP), the would-be property tax - or "wealth tax" as they like to call it - will not only have three rates, but when the value of the property exceeds 30 million forints, tax brackets w ...

» Budapest Home Building Sector On The Verge Of Collapse
"By Zoltán Bán - Hungary's new home market is struggling there are no two ways about it. New projects are very seldom launched, sales dropped dramatically, the stock of unsold flats is massive and banks refuse to lend either to buyers or developers. ...

» 'Carmina Burana', Palace of Arts, 17 June
"Starting at 7pm, we glance into the lives of a human like barbarian community that is struggling for survival on the ruins of a civilisation.

» 'Anton Corbijn Work', Ludwig Museum Budapest, Until 5 July
"Anton Corbijn’s retrospective offers an overview of the Dutch photographer's oeuvre, spanning thirty years from the early video clips to the recent portraits. Corbijn has experimented in wide-ranging areas of modern visual culture. This exhibition f ...

» Richard Wagner: 'Die Walküre', National Concert Hall, 19 June
"TThe Palace of Arts now organises the “Wagner in Budapest” Opera Festival for the fourth time. 2009 presents a summary of the previous years and in two and a half weeks; the musicians will again perform all the operas staged so far. Repeating the ev ...

» Progressive Property Tax Bill Filed
"The House Economy Committee yesterday put forward the planned property tax bill, which will be launched from next year. No tax will be due for a property under the value of Ft 30 million if the owner lives in it.

» 47% Consider Sólyom Disruptive – Poll
"President László Sólyom is viewed as divisive by 47% of the electorate, while 31% believe that he is a unifying force, a poll commissioned by Progresszív Institute and conducted by Publicus Institute found.

» Hungary To Set VAT On District Heating To The Minimum (5%)
"The rate of value-added tax on district heating in Hungary is expected to be the lowest available as of January 2010, local newswire MTI learned from several sources on Tuesday.

» 'Tarja Turunen', Budapest Petőfi Hall, 20 June
"Turunen, who was born in the city of Kitee, Finland, started her musical studies at the age of six, and moved to study classical singing at the age 18 at the Sibelius Academy of Kuopio city.

» New In Budapest: 'The Last House on the Left'
"The night she arrives at the remote Collingwood lakehouse, Mari and her friend are kidnapped by a prison escapee and his crew. Terrified and left for dead, Mari's only hope is to make it back to parents John and Emma. Unfortunately, her attackers un ...

» New In Budapest: 'The Hangover'
" Doug and his three friends have a blow-out bachelor party in Las Vegas that they will never forget. Unfortunately, the three friends wake up the next morning and can't remember a thing. They find a tiger and a baby in their suite at Caesars Place. ...

» New In Budapest: 'The Proposal'
"When high-powered book editor Margaret faces deportation to her native Canada, the quick-thinking exec declares that she’s actually engaged to her unsuspecting put-upon assistant Andrew, who she’s tormented for years. He agrees to participate in the ...

» Now Showing In Budapest: 'The Last House on the Left'
"The night she arrives at the remote Collingwood lakehouse, Mari and her friend are kidnapped by a prison escapee and his crew. Terrified and left for dead, Mari's only hope is to make it back to parents John and Emma. Unfortunately, her attackers un ...

» Now Showing In Budapest: 'The Hangover'
" Doug and his three friends have a blow-out bachelor party in Las Vegas that they will never forget. Unfortunately, the three friends wake up the next morning and can't remember a thing. They find a tiger and a baby in their suite at Caesars Place. ...

» Now Showing In Budapest: 'The Proposal'
"When high-powered book editor Margaret faces deportation to her native Canada, the quick-thinking exec declares that she’s actually engaged to her unsuspecting put-upon assistant Andrew, who she’s tormented for years. He agrees to participate in the ...

» BILK completes HUF 1.5 bln warehouse
The Budapest intermodal logistics center (BILK) has completed a HUF 1.5 billion, 10,000-square-meter cross docking warehouse, business daily Világgazdaság reported.

» Hungary honors reburial of anti-Soviet 1956 revolutionaries, milestone on road to democracy
Twenty years ago, Hungarians were finally allowed to honor the executed leaders of their 1956 anti-Soviet revolution.

» Hungary Malév To Buy 30 SSJ-100 Aircraft For USD 1 bn
"Hungary's national airline Malév is to buy 30 Sukhoi Superjet-100 (SSJ-100) aircraft, local daily Napi Gazdaság has reported on Monday. The 98-seat SSJ-100 was among the exhibited aircraft at the Paris Air Show on Monday where Malév has made its sur ...

» Guantánamo Emissary Due This Week
"The US presidential envoy for Guantánamo is due to arrive in Hungary to hold talks on the possible reception of former prisoners with government officials and opposition representatives on Thursday. Diplomatic sources said Daniel Fried will merely p ...

» Hungary's Strong Forint Opens A Shade Weaker
"Hungary's forint was quoted at around its strongest to the euro in a year last Thursday and Friday and while it has not ventured far from such levels in Monday's early session it has eased at least a bit.

» Construction Of The SkyCourt Commences At Ferihegy
"On the 10th of June, Gordon Bajnai, the Prime Minister of the Republic of Hungary, dr. Peter Noé, member of the Executive Board of Directors of HOCHTIEF AG, dr. Reinhard Kalenda, the chairman of Budapest Airport Zrt. (BA) and Jost Lammers, the CEO o ...

» 'The Hungarian Derby', Kincsem Park, 28 June
"Irish-Hungarian Business Circle cordially invites you to The Hungarian Derby on Sunday 28 June.

» Hungaroring Fest In Buda Castle, 23 - 26 July
"The first FORMULA ONE run in Hungary was held in 1986. From tourist aspect this is one of the events in Hungary of outstanding importance, as on such occasions many more foreigners come to visit our country than usual.

» 'Message to the Future' – Competition of Telling Children’s Drawings
"What will the year 2039 bring? It is this exciting question that children tried to find an answer to by drawings. The second Children’s ARC Competition was announced for children between 6 and 14 years of age. The works considered to be the best by ...

» 'Visual Tactics Or How Pictures Emerge', Műcsarnok From 20 June
"They guide, captivate, entice and mislead the viewer’s attention: anamorphosis, peep-show, kaleidoscope, perspective theatre, magic lantern. Many of today’s contemporary artists are working with the images of those apparatuses or optical devices whi ...

» Gunmen kill fourth Moran
MELBOURNE'S notorious gangland war has reignited with the murder of Desmond "Tuppence" Moran in the most audacious killing in its bloody history.

» Travellers Hungary for more Marlow visits
A SMALL group of Hungarians discovered Marlow is their home from home after their first visit from the town's eastern European twin.

» Ft 200 Coin In Circulation From Today
"The National Bank (MNB) today issues its new Ft 200 coin, which is inscribed with the Chain Bridge.

» Fricz: Fidesz, Jobbik Should Unite
"Fidesz and Jobbik are not enemies and should combine their forces in the interests of national goals, Civil Unity Forum spokesman Tamás Fricz said in a speech at a demonstration demanding early elections near Kossuth tér on Sunday afternoon.

» New Opel Owner To Bring Production To Hungary
"Opel's new owner would move production to the carmaker's Hungarian and Austrian engine plant from two German units, Handelsblatt has reported on Friday.

» Fifteen Cheap Countries To See In The Recession
"Falling prices and a stronger dollar have made these exotic locales affordable for Americans. Top on our list is Hungary, buoyed both by airfares in the $590 range and a currency that the dollar has gained 30% on over the past year. Sweden, our seco ...

» 'Artists Talk 2', Hotel Medosz Budapest, 18 June
"An artist in residence at the HMC has the opportunity to live and work here at the studio in Hungary . Many artists find this a valuable time to experiment and investigate new directions in their work. Many artists come here to complete a specific p ...

» EU Shows Hungary No Mercy In Loan Deal
"Hungary has reached an agreement with the European Union to draw the third, EUR 1.5 billion tranche of its credit facility secured last autumn, the Finance Ministry has said in a statement on Friday. At the same time, the agreement stipulates that H ...

» Tony Lakatos At Sambosi Jazz Festival', Pest County Hall, 13 July
"Sambosi Bt. was founded in 1993 to organise jazz concerts in Hungary for famous Hungarian musicians living abroad. The represented musicians Ferenc Snetberger(guitar),Tony Lakatos(saxophone), and Roby Lakatos(violin) are from Hungarian minority fami ...

» 'Sylvia Sass Candle Light Concert', Fehérvárcsurgó, 30 June
"Special evening performance of Sylvia Sass in the chapel of the Károyi stately home in Fehervarcsurgó, on June 30th at 8pm supported by the French Institute in Budapest and Fleurop Magyarország . The concert is followed by the opening of the soprano ...

» The Cirko Gejzír Is 15 Years Old
"The Cirko Film – Otherwise Foundation opened its movie named Cirko-Geyser on the 23rd of May in 1994. Due to its peculiar façade, special movie supply and the helpful attitude of the ones working here, the movie has a wide “fan side”. The Cirko-Geys ...

» School porn stars dressing down
Primary school heads have suspended their financial director after discovering she was making a secret fortune staging orgies.

» PM reaffirms commitment to low deficit
Hungarian Prime Minister Gordon Bajnai challenged the statement made by Viktor Orbán, head of the top opposition Fidesz party that the 3.9% of GDP deficit targeted for the year by the government is questionable.

» Hungary Socialists Scheming To Remove C.Bank Chief Simor
"Several senior officials of Hungary's Socialist Party (MSZP) support an idea to remove central bank (NBH) Governor András Simor from his post, local news portal index.hu reported on Thursday. The main idea may be to make him a scapegoat for the toug ...

» Harley Davidson Festival, Alsóörs, Hungary, 10 - 14 June
"The Central European meeting of the Harley-Davidson motorbike riders is organised annually in the middle of June in Alsóörs. This unique, 3-day event is accompanied by concerts and dexterity competitions. The most spectacular part of the event is th ...

» 'Forever and Ever', Festival Theatre, 13 June
"For two years now, the Duna Art Ensemble has been travelling new paths. Their latest works, Spring Wind and Golden Bough were dance theatre performances, which embodied the characteristics of authenticity but their innovative wit and modernity also ...

» Poll Shows Most Accept Property Tax
2A Medián poll commissioned by Népszabadság found that 96% of respondents were aware of government plans to introduce a property tax, and around 59% support it.

» Buddha-Bar Hotel Moves Into Budapest.
"The Buddha-Bar Hotel Klotild Palace due to open in winter 2009/2010 will be the first Lifestyle Hotel in Central Europe, featuring unique Asian-colonial ethnic interior design."

» Greater Flamingo Chicks At The Budapest Zoo
"It's flamingo time at Hungary's Budapest Zoo -- 15 greater flamingo chicks have hatched over the past few weeks! With the arrival of the new chicks, the zoo's greater flamingo flock has grown to 98 birds. (Flock members are likely to be pretty pleas ...

» Hungary Forint Starts Day Strong Versus EUR
"Hungary's forint maintains its strength versus the euro and kicked off Friday's session at around 275-276. The marked firming of the HUF late on Thursday was triggered by favourable US macro data, and in this regard today afternoon also holds excite ...

» Hungary Sticks To 2009 CPI Goal Despite Price Jump In May
"Hungary's Finance Ministry does not plan to modify its prognosis for a 4.5% annual average inflation this year, Finance Minister Péter Oszkó told local newswire MTI on Thursday. The 3.8% year-on-year inflation in May is one of the consequences of la ...

» Magyar Építő-Arcadom win tender to build multi-functional complex
A consortium of construction company Magyar Építő and property developer Arcadom has won a tender to build a multi-functional conference and concert center in southern Hungary’s Pécs.

» Orbán vows to renegotiate IMF deal
Head of Hungary’s main opposition Fidesz party Viktor Orbán told Reuters in an interview that a conservative government under his leadership after the next general elections would motion talks with the International Monetary Fund (IMF).

» Fidesz sends demands to socialists
Hungary’s top opposition party Fidesz is sending its demands in an open letter to the governing socialist party (MSzP), Fidesz chairman Viktor Orbán said at a press conference.

» Hungary Relives its Nazi Past
Today too many Hungarians are showing their racist teeth again. Neo-Nazis viciously attack gay rights supporters in Budapest in July 2008.

» Fidesz Urges Socialists To Quit
"The Fidesz party yesterday called on the government to resign in light of the results of Sunday’s European parliamentary elections. Voters have withdrawn their confidence in the Socialist Party and at times like these new elections should be called ...

» TEA Time Is Getting Bigger And Better
"On 11th June the night starts with Gretchen Meddaugh’s speech on the subject of Loss Aversion. She will talk about something that we have all experienced: why it feels worse to lose something than never to have it in the first place.

» Hungary To Cut Back The Number Of Minor Taxes
"The Hungarian government's tax package proposals for 2010 are to abolish several minor tax types. PricewaterhouseCoopers summed up key points of the proposed amendments as follows.

» Hungary May Inflation Shocks On The Upside
"Hungary's consumer prices rose 3.8% year on year in May, up from 3.4% in April, sharply overshooting the consensus forecast of analysts in a Portfolio.hu poll for a 3.0% CPI. The shocking jump is attributable to skyrocketing seasonal food prices.

» Portfolio.hu Wealth Management Conference 2009
"Portfolio.hu has been organizing professional meetings about wealth management since 2005. The conferences provide an opportunity to exchange knowledge and experience in the field of market processes, product development and distribution.

» Bad loans, insolvencies increase
The number of individuals and corporations with loan arrears grew in the twelve months up to the end of March, the Central Credit Information System (KHR) announced last week. Corporate late payments increased to HUF 758 billion (EUR 2.65 billion) ...

» Hungarian Forint Sprouts Wings - Brighter Future Ahead?
"With concerns over Latvia's financial predicament subsiding, the Hungarian currency has made steady gains vs. the euro today in a near-neutral global investment climate. At 280, EUR/HUF quotes hit a one-week low, gaining 1.6% in parallel motion with ...

» Strike Does Not Impact On Malév Operation
"The two-hour warning strike announced by pilots for today does not impact on the Malév operation. The pilots' union has called the work stoppage between 11.40 am - 1.40 pm on 10 June as part of its demands for the airline to increase the pay/salary ...

» UniCredit Advises Hungarian Forint Buy, Two-Week Target At 265
"At 281.50, UniCredit analyist Gyula Tóth is recommending a tactical short EUR/HUF position in a comment on Tuesday afternoon, citing 4 reasons for expected short-term appreciation of the Hungarian forint. The analyst set the target level at 265 with ...

» "Exiled" Jewish Cabaret Songs Find A Home On CD
"The New Budapest Orpheum Society brings forth more treasures from the archives of 20th-century Jewish popular music on a new CD, Jewish Cabaret in Exile (Cedille Records CDR 90000 110), its second recording for Cedille Records."

» Hungary Economic Slowdown “Even Worse"
"Hungary's Q1 economic performance was actually worse than indicated by the preliminary figures, with 2.5% decline compared with the previous quarter (cf. the 2.3% preliminary figure) while the adjusted yr/yr figure signals 6.1% slowdown (as opposed ...

» Road Masters inaugurates HUF 260 mln logistics center
Hungarian-owned road haulage company Road Masters has inaugurated a HUF 260 million logistics center in Környe (N Hungary), with the support of HUF 91 million in EU development funding, managing director Csaba Győző told MTI.

» Big rock festivals' 'obscene' prices put off punters
The Prodigy or Fatboy Slim are not enough to persuade Dorina Keresztes to fork out for a rock festival ticket this summer.

» C.Bank Chief Simor Caves In To Criticism, Brings Home Assets From Cyprus Co.
"András Simor, Governor of the National Bank of Hungary (NBH) has on Monday pledged to sell his foreign assets, wind up his Cyprus registered company and transfer the proceeds to Hungary as soon as possible. He has made this decision after being atta ...

» Far-Right Jobbik Has Not Upset Hungary's Forint Yet
"The party surprising results of Sunday's European Parliamentary elections in Hungary have not sparked major reactions on the forint market so far. Regional currencies are also moving sideways, awaiting news about the future of Latvia's exchange rate ...

» Lilly Allen Performing Live At Sziget
"Get ready for our freshest and hottest confirmation: chart-topper tomboy, Lily Allen, having just released her second album, is performing live at Sziget Main Stage. Also on the bill this year, in an earlier afternoon slot at Main Stage is another l ...

» 'Black Red…Dance' Festival Theatre, 9 June
"It is no coincidence that we have borrowed the title of Sándor Kányádi’s poem for our programme.

» 'Hikari Shouzou', Merlin Theatre, 9 June
"This piece is a fusion of traditional Japanese culture and Western dance. The Tale of Genji (Genji Monogatari) is a classic work of Japanese literature attributed to the Japanese noblewoman Murasaki Shikibu in the early 11th century, around the peak ...

» VAT Alarm At Sziget Festival
"From 1st July, value added tax will increase from 20 to 25 percent in Hungary, which fact will unfortunately affect Sziget ticket prices as well. Thus it's hardly a pleasure for us to announce that the VAT for ticket prices at Sziget (also VOLT Fest ...

» Hungary Q1 GDP Decline Revised
"Tuesday, the Hungarian Central Statistical Office announced that the gross domestic product or GDP dropped 6.7% year-on-year in the first quarter, revised from a 6.4% decline reported initially. In the fourth quarter, the GDP was down 2.5%."

» New In Budapest: 'Knowing'
" A capsule is opened and a girl's cryptic message ends up in the hands of Caleb. His father, Professor Koestler makes a startling discovery about the encoded message which pinpoints accuracy the dates, death tolls and every major disaster of the pa ...

» Now Showing In Budapest: 'Knowing'
" A capsule is opened and a girl's cryptic message ends up in the hands of Caleb. His father, Professor Koestler makes a startling discovery about the encoded message which pinpoints accuracy the dates, death tolls and every major disaster of the pa ...

» New In Budapest: 'The Boat That Rocked'
"The Boat That Rocked" is an ensemble comedy in which the romance takes place between the young people of the '60s and pop music. It's about a band of rogue DJs that captivated Britain, playing the music that defined a generation and standing up to a ...

» Now Showing In Budapest: 'The Boat That Rocked'
"The Boat That Rocked" is an ensemble comedy in which the romance takes place between the young people of the '60s and pop music. It's about a band of rogue DJs that captivated Britain, playing the music that defined a generation and standing up to a ...

» Foie gras industry endangered, Hungarian gourmands say
Gyorgy Habsburg is a distinguished aristocrat with a passion for foie gras. Habsburg, grandson of Emperor Charles I, the last ruler of the Austro-Hungarian empire, is a patron of the first foie gras festival in the town of Oroshaza, the foie gras ...

» MSzP parliamentary group voices unanimous support for Bajnai gov't
The Hungarian socialist party (MSzP) parliamentary group unanimously supports the implementation of programs of the Bajnai government, group leader Attila Mesterházy told reporters, after the socialists took just four of 22 European Parliament ...

» BBJ Real Estate Conference
The Budapest Business Journal held its traditional real estate conference on June 3. 

» Slovakia irked by Hungarian opposition leader's EU campaign
Slovak Foreign Minister Miroslav Lajcak Tuesday criticized comments made by the leader of the Hungarian opposition during the European Parliament election campaign, which have caused uproar in Slovakia.

» Britain's Brown faces revolt after poll thrashing
Britain's Prime Minister Gordon Brown faced a renewed challenge to his leadership on Monday after support for the ruling Labour Party plunged to its lowest level in a century in European elections.

» Court stops sale of gas giant for USD 1
A Swiss court on 29 May issued an injunction against the sale to Rosgas of Mabofi’s 100% stake in Hungary’s largest independent gas distributor Emfesz. Mabofi deems the transaction fraudulent and appealed to the Cantonal Court Presidency in Switze ...

» Center-right wins European assembly vote
Center-right parties retained control of the European Parliament in an election that ended on Sunday with a record low turnout but could have brought much worse upsets for national governments.

» Child sex suspect arrest at fair
A suspected Hungarian child sex offender has been arrested working at a funfair in Milton Keynes.

» Zalaegerszeg signs for HUF 332 million development funding
Local officials from Zalaegerszeg (W Hungary) on Friday signed a contract with the Western Transdanubia Regional Development Agency on development funding for a business incubator and infrastructure at the city's industrial park.

» Will Hungary's Forint Get A Slap In The Face?
"Following the forint's firming in May, fund managers polled by Portfolio.hu give a slightly bigger chance of HUF weakening in the following months than they did in the previous survey a month ago.

» Budapest Is Aan Overvalued Office Location
"The latest research from DTZ shows that although accommodation costs are falling in most European countries, office markets such as Paris CBD, Budapest and Milan are still at least 20% overvalued relative to occupiers' output. The research identifie ...

» List Of Passengers Aboard Lost Air France Flight
"A list of the named crew and passengers aboard Air France Flight 447, which crashed in the Atlantic Ocean earlier this week en route from Rio de Janeiro to Paris carrying 228 people: Jozsef Gallasz, 44; Hungarian; partner of Hungarian victim Rita Sz ...

» Coming Soon: The Last House on the Left
"The night she arrives at the remote Collingwood lakehouse, Mari and her friend are kidnapped by a prison escapee and his crew. Terrified and left for dead, Mari's only hope is to make it back to parents John and Emma. Unfortunately, her attackers un ...

» Opportunities To Invest In Czech Republic, Poland And Hungary
"The Vietnam Chamber of Commerce and Industry (VCCI) and three embassies of the Czech Republic, Poland and Hungary jointly held a seminar in the central city of Da Nang on June 4 to explore the opportunities for trade and investment co-operation in t ...

» Hungarian economy minister to participate at World Investment Forum
Hungarian National Development and Economy Minister István Varga will participate at the World Investment Forum to take place in the French city of La Baule on June 3-5, the ministry told MTI.

» Rare baby rhino debuted at Madrid's zoo
Only a month old and already in a bad mood, a baby white rhino conceived through artificial insemination is delighting keepers at a Spanish zoo.

» Hungary risk reaches highest level
Hungary's economic and political risk reached its highest level in one and a half years because of lasting political instability, anti-minority sentiment and corruption in the central government and at local councils, according to a measure by think ...

» Hungary Socialists face EP vote rout, risk to govt
Hungary's ruling Socialists are expected to suffer a crushing defeat in a European parliamentary vote on Sunday which could send the party into disarray and may undermine the government and its reforms. The Socialist minority government led by Prime ...

» Hungary Forint At One-Week Low Vs. EUR
"Hungary's forint has started to ease against the euro in tandem with its regional peers at around 14:00 CET on Wednesday, as regional risks have increased and global investor sentiment has worsened.

» Air France Victim Has Ties To Mich.
Colleagues are mourning a Hungarian woman who worked as a therapist in Grand Rapids and was aboard a plane believed to have crashed in the Atlantic Ocean.

» Gov't puts Hungary back on balance path
Prime Minister Gordon Bajnai said his “government of action” had put Hungary back on the balance path, assessing the government's first fifty days at the end of a cabinet meeting on Wednesday.

» PSZÁF to initiate talks on establishing financial ombudsman
Hungarian financial market regulator PSZÁF will ask the Finance Ministry to start talks on the establishment of a financial ombudsman, PSZÁF deputy-director Péter Schiffer said on Wednesday.

» Almost HUF 39 billion supports industrial parks
Some HUF 38.6 billion in support was paid out from Regional Operative Programmes (ROP) for developments in Hungary's industrial parks in 2007 and 2008, state secretary at the National Development and Economy Ministry László Varjú ...

» WWIG starts new property development
WWIG on Wednesday laid the cornerstone for the first, €138 million phase of a property development on the outskirts of Budapest.

» PM ready to negotiate on details of luxury tax
Prime Minister Gordon Bajnai on Wednesday said he was prepared to negotiate further with the Free Democrats (SZDSZ) on the planned introduction of a luxury tax, a day after SZDSZ chairman Gábor Fodor said the party had serious worries about th ...

» Prime minister Bajnai meets with German foreign minister
Prime Minister Gordon Bajnai met with Germany's foreign minister Frank-Walter Steinmeier in Budapest on Tuesday, when the two discussed the impact of the global economic crisis on Hungary and Germany, measures to be taken to alleviate the crisis as w ...

» Government plans to impose 30% tax on offshore transactions
Finance Minister Péter Oszkó said on Monday that the government's planned 2010 tax package includes a 30% withholding tax on any transfers from Hungary to foreign offshore companies, including royalties, legal-service fees and interest ...

» Britain's interior minister to resign
British interior minister Jacqui Smith will stand down from her post in Prime Minister Gordon Brown's cabinet at the next reshuffle, a source close to Smith said on Tuesday.

» New In Budapest: 'Terminator Salvation'
"Connor and Marcus both embark on an odyssey that takes them into the heart of Skynet's operations, where they uncover the terrible secret behind the possible annihilation of mankind."

» Now Showing In Budapest: 'Terminator Salvation'
"Connor and Marcus both embark on an odyssey that takes them into the heart of Skynet's operations, where they uncover the terrible secret behind the possible annihilation of mankind."

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» Agricultural ministry to spend HUF 5 billion on drought-relief measures
Hungary's Ministry of Agriculture and Rural Development is planning to spend HUF 5 billion (€ 17.81 million)on measures aimed at alleviating the effects of this year's drought, agricultural ministry spokesman András Dékany told MTI ...

» City Hotel Miskolc builds HUF 330 million addition
The City Hotel, in the centre of the Hungarian city of Miskolc, is building a new wing with a restaurant and conference centre, for HUF 330 million, including HUF 132 million in EU regional development funding, István Barkóczi, managing ...

» No decision taken yet on site for ESS
No decision has yet been taken on the location of the European Spallation Source (ESS), Europe's planned €1.1 billion neutron research centre, Géza Egyed, Hungary’s government commissioner for the project, said on Saturday, after pr ...

» Hungary's convergence program updated
Hungary's freshly updated convergence program forecasts an ESA general government deficit of 3.9% of GDP for 2009 and 3.8% for 2010 before a drop to 2.8% of GDP in 2011, the updated plan, published on the Finance Ministry's website, shows.

» Geithner sees China backing for U.S. policy response
Chinese officials are giving U.S. efforts to pump up its ailing economy a vote of confidence and understand why higher budget deficits are a temporary necessity, U.S. Treasury Secretary Timothy Geithner said on Tuesday.

» Hungary's Peaceful Revolution: Cutting the Fence and Changing History
In spring 1989, Hungary began dismantling its fortified border with Austria. A few months later, the first crack in the Iron Curtain opened when hundreds of East Germans fled across the Austrian-Hungarian border.

» Hungarian Tax Changes Affecting The Real Estate Industry
"Hungary is to put in effect changes to its tax system. The bill has two amendments that will likely have an adverse effect on the real estate industry, PricewaterhouseCoopers said in its latest Tax & Legal Alert, in which it detailed these impacts a ...

» Mom Finds Abducted Son on Facebook
A British woman has been reunited with her son, who was abducted by his father 27 years ago, thanks to the social networking Web site Facebook, the Daily Star reports .

» Hungary registers first swineflu patient
A young Brazilian man who lives in New York flew to Hungary on a tourist tour and was hospitalized with the H1N1 virus, doctors said.

» Hungary to participate at Opel talks in Brussels
Hungary will participate at a meeting in Brussels on Friday to discuss the future of troubled car maker Opel, National Development and Economy Minister István Varga confirmed at a press conference on Thursday.

» Local council inaugurates residential building
Budapest's District XIII local council told MTI it inaugurated a HUF 522 million residential building with 30 rental units on Thursday.

» Budapest office space: built to vacancy
About 100,000 of the 250,000 square metres of A-category office space inaugurated in Budapest last year are still vacant, Eston International told MTI.

» Type 1 diabetes to double in European kids under five
The number of European children under 5 with type 1 diabetes could double by 2020, an alarming trend that suggests environmental factors may be playing a role, researchers said on Wednesday.

» Buyers of privatized property to be allowed to pay in installments
Hungary's National Asset Management Council (NVT) has decided to allow winners of tenders to buy state-owned property to pay for their purchases in installments because of the crisis, the National Asset Management Company (MNV) told MTI on Wednesday. ...

» U.S. home sales up in April, inventories swell
Sales of previously owned U.S. homes rose in April, a report showed on Wednesday, providing new evidence the housing market is stabilizing and backing views that the recession is nearing an end.

» Parliament unanimously supports proposal to prepare law on climate change
Parliament unanimously supported an initiative by the National Association of Conservationists (MTVSZ) to prepare a law on climate change, MTVSZ chairman István Farkas and House Speaker Katalin Szili said on Tuesday.

» Malév To Get EUR 10 m From Russian Owner, Layoffs Ahead
"Russia's Vnesheconombank (VEB) is to carry out a EUR 10 million capital increase at Hungarian airline Malév. The troubled carrier is to prepare a three-year business plan with the aim to make it profitable again.

» 'BBJ Real Estate Conference', Kempinski Hotel, 3 June
"The only English language business paper in Hungary, the Budapest Business Journal cordially invites you to its Real Estate Conference on 3 June at the Kempinski Hotel Corvinus Budapest (1051 Budapest, Erzsébet tér 7-8.)

» Now Showing In Budapest: '17 Again'
"Mike was a star on his high school basketball court with a college scout in the stands and a bright future in his grasp. But when he finds his girlfriend is pregnant he throws it all away. Life did not go well for him and now almost twenty years lat ...

» Now Showing In Budapest: 'Jonas Brothers: The 3D Concert Experience'
"The film blends excerpts from the Brothers' red-hot "Burning Up" concert tour, including guest performances from Demi Lovato and Taylor Swift, with exclusive behind-the-scenes footage, off-the-wall segments, a never-before-heard song ("Love Is On It ...

» Now Showing In Budapest: 'State of Play'
"D.C. reporter Cal McCaffrey, whose street smarts lead him to untangle a mystery of murder and collusion among some of the nation's most promising political and corporate figures.

» Malév's Direct Flight To Amman From Budapest
"On 1 June Malév is launching its new service to Amman, connecting Budapest with the Jordanian capital twice weekly.

» Tax package seeks to bring back honour to work
Bringing back honour to work is at the centre of the government's 2010 tax package, Prime Minister Gordon Bajnai said in Parliament on Monday.

» Higher VAT is more threathening to real estate market than property tax
Approximately 10% of apartment owners will be affected by the 2010 property tax eventualized last week – a wider target than than the 5% estimated by government. However, taxing the real estates of more than HUF 30 million worth alone will not ...

» North Korea nuclear test dents stocks, impact limited
South Korean stocks and the won dipped after North Korea said it had conducted a nuclear test on Monday, but the reaction was limited as investors had expected such a move from the North and have become long accustomed its provocations.

» Despite Heavy Advertising, New Homes Still Empty In Budapest
"A recent survey by real estate developer Cordia signals a major setback in new residential sales in Budapest. The study is based on 32 real estate projects, in which developers sold only 25 units over the past 4 weeks, as opposed to 200 a year ago.

» Now Showing In Budapest: 'Brideshead Revisited'
"Based on Evelyn Waugh's 1945 classic British novel, Brideshead Revisited is a poignant story of forbidden love and the loss of innocence set in England prior to the Second World War."

» Let's See How Much Hungary's New Real Estate Tax Would Cost To Home Owners In Hungary
"Hungarian press reported two versions of the government's real estate tax plans, which has prompted Portfolio.hu to start calculating how much the new tax will burden the households' budget. Taking a residential property worth HUF 10 million the own ...

» Wizz Air Celebrates Fifth Anniversary
"Wizz Air, the largest low fare - low cost airline in Central and Eastern Europe celebrated its 5th anniversary yesterday."

» Budapest Designer Melded Classical With Cutting Edge
"Can a piece of furniture convey the story of Hungarian Jewry or reveal the genius of a little-known master? The story of a career undercut by anti-Semitism and cut short by death?"

» New In Budapest: 'The Wrestler'
"The Ram", a professional wrestler, suffers a heart attack and tries to reconnect with his daughter. He tries to start a new life with an exotic dancer but the allure of the ring and passion for his art threatens to pull him into his world of wrestli ...

» A Memorial Day for the Civically Engaged
Let us continue our work toward peace and justice, while we pause to remember many of the unsung heroes who made the ultimate sacrifice, and whose work brought relief, and sometimes joy, to the lives they touched.

» Return of the Fascist SS, and the Unbelievable Factor
Excessive secrecy and lack of oversight often lead to holaucast type events. I believe history is repeating itself and a complacent public is being manipulated into a false sense of security while storm clouds gather.

» Heavy defeat for Hungary's ruling party
BUDAPEST: Hungary's ruling Socialists lost control of a southern bastion in a weekend vote and heavy defeat in European parliament elections next month could undermine their minority government and key reforms.

» New In Budapest: 'Night at the Museum: Battle of the Smithsonian'
"Security guard Larry Daley infiltrates the Smithsonian Institute in order to rescue Jedediah and Octavius, who have been shipped to the museum by mistake."

» "Kazakhstan's Path" book by President Nazarbayev presented in Hungary
BUDAPEST. May 14. KAZINFORM. A presentation of the book "Kazakhstan's Path" by Kazakh President Nursultan Nazarbayev translated into Hungarian has been held in Szekesfehervar, Hungary; Kazinform refers to the Kazakh Embassy's press service.

» Hungary tears up the ballot paper
This piece of mine, on alarming developments in Hungary, appears in The New Statesman.

» Venezuela temporarily seizes Cargill pasta factory
Venezuelan officials including soldiers temporarily seized a pasta factory owned by US food giant Cargill in a pricing spat, the latest move by President Hugo Chavez's government against foreign companies.

» Quake schools pal-up with Hungary
Mr. SA ndor Kusai, the Ambassador of the Republic of Hungary to People's Republic of China, who helped organized 50 quake zone students' recuperation trip to his country last August, talks with China Daily website upon the one year anniversary of ...

» March industrial output data reassuring
Though the slowing drop in Hungary's industrial output is reassuring, the uncertain export outlook and narrowing domestic demand mean it is still too early to talk about a recovery, analysts told MTI, after the publication of a second reading of Marc ...

» Radical rate cut could devalue forint
The National Bank of Hungary's (MNB) base rate is not extremely high, and a radical rate cut could lead to currency crisis, central bank deputy-governor Júlia Király said at a conference.

» Fiat workers stage stoppages in Sicily
Workers at Fiat's Termini Imerese plant in Sicily stopped work and blocked a road in protest at reports the facility would be closed under plans to create the world's second-largest carmaker.

» Sony sees second straight loss, eyes frail recovery
Sony Corp forecast a second straight year of losses as the global recession batters demand for consumer electronics but the Japanese company stopped short of taking any new aggressive steps to cut costs further.

» Hungarian industrial output falls 19.6% in March
Hungary's twelve-month industrial output fell a workday-adjusted 19.6% in March, the Central Statistical Office (KSH) said in a second reading.

» Gardenia assets offered by liquidator for HUF 186 mln
The assets of Hungarian lace curtain maker Gardenia have been offered by liquidator AFI Felszámoló és Vagyonkezelő for a combined HUF 186 million, business daily Napi Gazdaság reported.

» Court annuls Magyar Telekom AGM's 2008 resolutions
A court of first instance annulled resolutions, with the exception of one procedural resolution, that the AGM of Hungarian telecommunications company Magyar Telecom passed on April 25, 2008, Magyar Telekom announced on the website of the Budapest Sto ...

» GM, Chrysler to cut up to 3,000 dealers
General Motors Corp and Chrysler aim to drop as many as 3,000 US dealers and are expected to begin sending notifications as early, three people briefed on the still developing plans said.

» Panasonic seen posting $1.1 billion loss in 2009/10
Japan's Panasonic Corp is likely to post a net loss of more than ¥100 billion ($1.1 billion) for the year ending in March 2010, the Yomiuri newspaper reported, as the consumer electronics maker grapples with a stronger yen and slowing demand.

» Ford walks tightrope amid industry downturn
Ford Motor Co executives face stockholders to detail the automaker's plans to complete a turnaround without resorting to US government help and steer clear of the industry collapse now swallowing rivals General Motors Corp and Chrysler.

» Most US homeowners think a bottom has been reached
Most American homeowners believe their home's value has declined over the past year, but a majority also think a bottom has been reached, real estate website Zillow.com said.

» British Shorts Film Festival in Budapest, 19 - 21 May
"Taban Cinema and Szimpla Kert Cinema will showcase short films, documentaries, experimental films and music videos between 19th and 21st May. The festival has been organized with great success in Berlin for the past 2 years. British Ambassador Greg ...

» 'Carnival', Merlin Theatre, 19 - 21 May
"This performance explores the subject of transformation, focusing on discovering our familiar and unknown sides. Our imaginary human and animal faces encounter in this dynamic adventure, where extremes do not only occur on the level of characters, b ...

» 200-Forint Coin To Enter Circulation This June 15
The National Bank of Hungary has already started to produce the 200-forint coins which will replace equivalent bank notes, the NBH told MTI this week. The 200-forint paper money will remain in use until 15 November 2009.

» 'Magic Circus' - For Children, Budapest, 15 May
"The production was inspired by Mozart’s opera The Magic Flute and experience from the eponymous dance performance staged in the autumn of 2006 at the Palace of Arts. That adaptation was directed mostly to an adult audience, discussing life, death an ...

» Xpat Event: Smiling Hospital Charity Golf Day, 23 May
"The 'Smiling Hospital Golf Tournament' will be held for the second year at the Old Lake Golf Club in Tata on Saturday May 23, 2009. The tournament is open to all amateur golfers, the handicap limit is 54 and places are limited to 120 participants.

» 'Sensation', Budapest Sportaréna, 16 May, 10 pm.
"After a spectacular first edition in May 2008, Sensation will come back to Hungary this year. On 16 May 2009 over 10,000 visitors will witness the 'Ocean of White Show' at the Budapest Sportarena in Budapest.

» Finance minister says government might consider taxing assets
Hungary’s Finance Minister Péter Oszkó said at a press conference that the government might consider taxing assets other than vehicles in addition to its proposed introduction of a real-estate tax.

» Socialists uneasy with proposed property tax
A significant portion of the minority governing Hungarian socialist party's (MSzP) leadership and parliamentary representatives have reservations with regard to the Bajnai government's proposed property tax, MTI learned.

» 28 new swine flu cases confirmed in Canada
A face mask at a security gate at the Budapest Ferihegy International Airport on Monday as Hungarian health officiers are increasingly controlling people arriving from North and Central America for symptoms of the swine flu .

» Let's See How Much New Real Estate Tax Would Cost To Home Owners
"Hungarian press reported two versions of the government's real estate tax plans, which has prompted Portfolio.hu to start calculating how much the new tax will burden the households' budget. Taking a residential property worth HUF 10 million the own ...

» Community Questions & Solutions
Here's the first questions in a new feature called 'Community Questions & Solutions'. The idea is simple, members of the Xpat Community suggest online questions, for others to answer and so benefit the whole community. Here goes with the first three: ...

» 'Dialogue In Black And White', Hungarian National Gallery, Until 28 June
"The exhibition presents prints from the multifarious Polish and Hungarian art in the interwar years. Graphic art, which is open to painting, book art and popular culture alike, and thus often responds more directly to actualities than other genres, ...

» 'Night in the Museum', Museum Of Fine Arts, 16 May
"We invite visitors to the Night in the Museum, with longer opening hours, music, guided tours and special programmes on 16 May.

» City To Miss Out On Ft 60bn In EU Funds
"Budapest will miss out on Ft 60 billion of the Ft 200-250 billion in EU funds earmarked for construction of the first stretch of the fourth metro line, as the EU has objected to the lack of tendering for 11 contracts and will not pay the costs, Néps ...

» 'Scott Capurro', Cotton Club Budapest, 1 June
"Scott Capurro is back in town, once again to entertain the hopefully not so shy expat community. Put June 1st in your diary ! It’s Scott Capurro’s solo night, he is the guy who played Aunt Jack in Mrs Doubtfire, and was the voice of Fode in StarWars ...

» 'The Story Room', Merlin Theatre, 18 May
"Have you ever wondered what a story is good for? Telling lies?, Creating Myths? Reinventing ourselves? Maybe just a desperate attempt to create a fiction for ourselves so that we can be placed by others. Step inside The Story Room and embark on a ...

» 'Jazz In The Museum', Budapest Museum Of Fine Arts, 21 May
"We invite visitors to the Museum with longer opening hours, Jazz Salon, guided tour and film.

» Accused Nazi freed from Perth jail
ACCUSED Nazi war criminal Charles Zentai has been freed on bail after Hungarian authorities withdrew their opposition to his application.

» Turkish municipalities face challenging environment
Turkish municipalities are currently facing a challenging combination of a severe economic downturn and tight funding environment, says Moody's Investors Service in a new special comment.

» WHO confirms flu spreads to Cuba, Finland, Thailand
H1N1 flu has now reached Cuba, Finland, and Thailand, with nearly 6,000 people infected in 33 countries, the World Health Organisation said.

» Intel hit with record EU $1.45 bln antitrust fine
The European Commission imposed a record €1.06 billion ($1.45 billion) fine on chipmaker Intel Corp and ordered it halt illegal rebates and other practices to squeeze out rival AMD.

» JP Morgan sees solid potential for US, Asian stock rise
JP Morgan said US stocks could rise 20% and most Asian stock markets could gain 25% by the end of 2009 amid growing signs the global recession may be nearing an end.

» EU targets transport, power for next climate action
Eradicating greenhouse gases from power stations and cars, trucks and aviation must be Europe's next policy move to tackle climate change, European Commission President Jose Manuel Barroso said.

» Intel sees order and margin improvement, shares up
Intel Corp's orders and billing patterns so far in the second quarter have been slightly better than expected, the chief executive of the world's largest chip maker said.

» Budapest generates HUF 2.8 bln from property sales
The Budapest local council has generated net revenue of HUF 2.8 billion from property sales so far this year, Csaba Gál, who heads the local council's assets management company BFVK, told MTI.

» IMF cuts estimate for Hungary's need to renew debt
The IMF cut its estimate of the amount of maturing debt Hungary will have to renew this year to 101% of reserves from 171%, Reuters reported.

» Moody's downgrades sovereign credit ratings of Ukraine
Moody's Investors Service downgraded Ukraine's foreign and local currency government bond ratings to B2 from B1, and assigned a negative outlook, mainly to reflect the continuing fragility of both the Ukrainian macroeconomy and its banking system.

» Health authorities ready to limit flu drug use
The two drugs used to treat influenza should be used carefully and only when needed for the chronically ill, pregnant women and other vulnerable patients, global health officials said.

» China output growth slows; European earnings mixed
China's industrial output rose less than expected last month, offering another reminder that the global economic recovery may not be as swift and strong as markets had hoped for.

» US foreclosure filings sets record in April, seen jumping
US foreclosure activity in April jumped 32% from a year ago to a record high, and should mount because temporary freezes on foreclosures ended in March, RealtyTrac said.

» Chrysler bankruptcy may take up to two years
Chrysler's bankruptcy may take as long as two years, instead of the two months that President Barack Obama suggested as a target, Bloomberg said, citing an administration official.

» GKI consumer confidence index rises in April for first time in more than six months
Economic think tank GKI's seasonally-adjusted consumer confidence index rose 4 points to minus 68 points in May after falling for more than half a year, the survey, prepared with the support of the EU, shows.

» Hungarian company to invest €10 mln to restart shoe factories
Hungarian shoe company Bar and Co Europe plans an investment of more than €10 million in Bonyhád (SW Hungary) that will create 864 workplaces, the Hungarian Investment and Trade Development Agency (ITDH) told MTI.

» ThalesNano signs agreement with Japanese distributor
Hungary's ThalesNano, which makes microscale flow instruments for chemical processes, has signed an agreement with Ikeda Scientific to distribute its products in Japan, ThalesNano announced.

» Rába racks up HUF 2.2 bln Q1 loss
Hungarian vehicle and vehicle parts maker Rába racked up a HUF 2.2 billion first-quarter loss as revenue plunged and it booked a big financial loss, the company said in its IFRS consolidated report for the period.

» April CPI disappointing, but disinflation set to continue
It was to be expected that the forint's earlier weakening would affect April consumer prices, and though the scale of the pick-up in CPI was disappointing, disinflation is very likely to continue in the next quarter, London-based emerging market anal ...

» Hungary to allow same-sex domestic partnerships
Hungary's official government publication says gay couples will be able to register domestic partnerships beginning July 1. The official bulletin says a new law will allow the partnership if both partners are at least 18 years old.

» Socialists Consider Property Tax Plans
"Finance Minister Péter Oszkó outlined next year’s tax package at a five-hour meeting with Socialist MPs on Tuesday. Caucus leader Attila Mesterházy would not divulge any details to reporters, saying that figures in the draft could still change.

» Fidesz To Kill Crisis Management Measures If Voted Back To Power
"Hungary's main centre-right opposition party Fidesz would erase virtually the entire crisis management package of the Bajnai government if it was voted back to power next spring, local daily Népszabadság reported on Wednesday.

» 'Open Impro Club', Merlin Theater, 17 May
"Open to anyone who wants to try their hand at improvising or brush up their „Impro” skills, session three continues the status work done in session two, this time we will look at how to use the status relationship to create character and also how to ...

» Heroes And Horses
"National Gallop" on May 31 will be much more up his street. Up to a hundred horses and riders will race round the square in thoroughly courageous fashion, competing in an all-day tournament with a €200,000 bounty."

» 'Vérité exposée', Műcsarnok, Until 31 May
"In the past fifteen years or so, the theme of memory, and inseparably, that of oblivion, has come to the forefront of sociological discourse in Hungary. Different theories approach from different directions, but all of them agree that memory is sele ...

» Tasnádi Sentenced To Six Years
"The Municipal Court on Tuesday sentenced long-time mafia suspect Péter Tasnádi to a six-year prison term after finding him guilty of two counts of attempted manslaughter and two counts of physical assault causing critical injuries.

» New In Budapest: 'Angels & Demons'
"When Langdon discovers evidence of the resurgence of an ancient secret brotherhood known as the Illuminati - the most powerful underground organization in history - he also faces a deadly threat to the existence of the secret organization's most des ...

» Now Showing In Budapest: 'Angels & Demons'
"When Langdon discovers evidence of the resurgence of an ancient secret brotherhood known as the Illuminati - the most powerful underground organization in history - he also faces a deadly threat to the existence of the secret organization's most des ...

» Study: Dogs, 2-Year-Olds Get the Point
According to a new study dogs and 2-year-olds are about equal in understanding human gestures.

» ArcelorMittal sees 2009 demand down 15%-20%
World steel demand will fall 15%-20% this year, the steepest decline since World War Two, the head of ArcelorMittal told shareholders while angry workers sought to storm their meeting.

» Hungary's tax wedge second-biggest on OECD list
Hungary's tax wedge - the percentage of total labor costs paid as tax by unmarried people earning average wages - was the second-biggest on a list of countries compiled by the OECD published.

» Stadler wins contract to service MÁV 30+30 Flirt order
MÁV-START, the passenger unit of state-owned Hungarian railway company MÁV, said it signed a contract with Stadler to keep up and clean 30 Flirt suburban trains it bought from the Swiss rolling stock maker.

» EU: Any state aid to GM Europe must respect rules
The European Commission said any state aid for struggling automaker General Motors must respect internal market rules and be sanctioned by the EU regulator before it is implemented.

» Sanofi spending $480 mln on dengue vaccine site
France's Sanofi-Aventis is spending €350 million ($480 million) to build a site to produce a potential blockbuster dengue vaccine that is still in development.

» Tug of war as China exports slump, investment jumps
Chinese exports fell more steeply than expected in April but investment spending surged as massive government pump-priming and buoyant bank lending helped to cushion the slump in global demand.

» MKIK business confidence index reaches all-time low
The Hungarian Chamber of Trade and Industry's (MKIK) business confidence index fell to minus 18% in April to reach its lowest point since the measure was started in 1998, chamber chairman László Parragh said.

» Hungary could use another €10 bln of rescue loan
Hungary could use another €10 billion to support financial stability in 2010, an election year, on top of its €20 billion loan from the IMF, EU and World Bank, Prague-based investment bank Wood and Company said in a comment.

» Egis lowers revenue targets for CIS, Eastern Europe
Hungarian drug maker Egis is lowering its projections for revenue in Russia and the CIS as well as on the Eastern European market, deputy-CEO László Marosffy said at a press conference, a day after the company published its Q2 report.

» Rába, Engel sign contract closing phase of property development
Hungarian vehicle and vehicle parts maker Rába said it signed a contract with Israel's Engel on the closing of the first, HUF 6 billion phase of a joint property development the two companies are undertaking.

» Hungary has to do its homework before adopting euro, says PM
Hungary has to do its homework before it can adopt the euro, Prime Minister Gordon Bajnai said in an interview published in Czech daily Hospodarske Noviny.

» Analysts say Hungary's April inflation rate surprisingly high
Central Statistical Office (KSH) data showing Hungary's 12-month consumer-price inflation rate to have been 3.4% in April took analysts by surprise, some of them speculating that CPI could rise as high as 5%-6% following the July hike in value-added ...

» GM exit from the Dow looking more likely
The potential for changes in the blue-chip Dow Jones industrial average remains high, according to the head of the index's oversight committee, the same day the head of General Motors said bankruptcy had become more likely.

» Consumer price inflation 3.4% yr/yr in April
Hungary’s Twelve-month consumer-price inflation was 3.4% in April after 2.9% in March, the Central Statistical Office (KSH) said.

» Bajnai vows no further cuts if GDP contracts more than 6%
Hungary' economy could contract more than 6% this year but the government no additional consumption cuts to offset the effect, Prime Minister Bajnai said on an evening television program.

» Bernanke says early response to bank tests encouraging
Government “stress tests” of how 19 major banks would endure a sharp downturn in the economy already appear to be helping banks gain access to private capital, a key element in economic recovery, US Federal Reserve Chairman Ben Bernanke s ...

» Gov't to propose raising limit on income tax bracket
Proposals to raise the upper limit on the lower income tax bracket from HUF 1.9 million to HUF 5 million and introduce a value-based property tax are part of the government's tax package for 2010, MTI learnt.

» PM says GDP could fall over 6% in 2009
Hungary's economy could contract by more than 6% this year but the fall is not expected to reach 7%, Prime Minister Gordon Bajnai was cited by national news agency MTI as saying.

» Hungary's Egis says Q2 net profit up 68%
Hungarian drug producer Egis said its fiscal second-quarter net profit rose by 68% as currency weakness across central Europe boosted financial profits and helped the firm offset dropping exports.

» Parliament approves Bajnai gov't pension changes
Hungary's Parliament approved pension changes proposed by the Bajnai government that replace annual bonuses with a premium linked to economic growth. MPs voted individually in alphabetic order as it was claimed by the opposition.

» Taking the mystery out of walking the dog
Try a little experiment with your dog: Have it stand perpendicular to you, with another person facing your pet about 3 feet away.

» Hiroko Ishimoto, Nádor Hall, 16 May
"Born in Sapporo, Japan, Hiroko Ishimoto is one of Japan`s most eminent pianists and has performed in the United States, Canada, South America,Europe and Japan.

» Bajnai Warns Of 6% Economic Decline
"Hungary’s economy will shrink by more than 6% this year but less than 7% and will level off next year, Prime Minister Gordon Bajnai told ATV Monday evening. The state budget has reserves available if the recession reaches 6%, Bajnai said, adding tha ...

» Econet Delays Acquisition Of Sziget
"Econet subsidiaries Est Media Group, Szigetra Invest and Volt Invest will delay payment of the Ft 1.8 billion purchase price for Sziget Kulturális Menedzser Iroda, as the festival organiser is not expected to meet profit targets this year.

» U.S. Sociology Expert Dr. Hollander Analyzes Anti-Americanism
"Dr. Paul Hollander visited Budapest as the Embassy’s Distinguished Speaker and talked to university students, politicians, political researchers, and the print and electronic media about the sources of anti-Americanism.

» Hungary Changes Social Security System Substantially
"Hungary's Parliament's decision this Monday substantially affects the existing social security regulations. The proposed changes will take effect in the coming months. In its latest Tax & Legal Alert, PricewaterhouseCoopers detailed the key changes. ...

» U.S. Embassy Honors Visiting Afghan Governor
"Chargé d’Affaires Jeffrey Levine hosted a reception on April 29 in honor of Mohammad Akbar Barakzai, Governor of Baghlan Province, Afghanistan. In his remarks, Mr. Levine recognized Hungarian contributions to NATO operations in Afghanistan.

» Accused War Criminal Granted Bail
"An 87-year-old man accused of committing war crimes has been granted bail by the Federal Court in Perth. Charles Zentai is accused of beating a Jewish teenager to death in Budapest during World War II."

» 'Keren Hanan & Friends' Concert, 19 May
"The Hungarian Province of the Society of Jesus (the Jesuits) will host a concert at the Academy of Music on Tuesday, May 19, 2009, at 7.30 p.m. (Budapest VI., Liszt Ferenc tér 8.). Ticket sales, which are 10,000 Ft/each, will benefit the geothermal ...

» George Benson Is Coming To Budapest Sportaréna, 22 July
"Appreciated as both musician and performer by millions, George Benson has always had the duel personae of expert improviser and vibrant entertainer. He has always placed his keenly discerning art in the service of a rousing good time. Rounding out h ...

» US risks “lost decade” due to half-steps
The United States risks a Japan-style lost decade of growth if it does not take aggressive action to stimulate its economy and clean up its banking system, Nobel Prize-winning economist Paul Krugman said.

» Hungarian farm minister meets with Spanish counterpart
Hungarian Agriculture Minister József Gráf met with his Spanish counterpart Elena Espinsoa Mangana in Budapest.

» ITDH works to bring ten more service centers to Hungary
The Hungarian Investment and Trade Development Agency (ITDH) is working on projects to bring ten regional service centers of multinational companies to Hungary, ITD Hungary head György Rétfalvi said.

» econet.hu to delay Sziget acquisition
Hungarian media company econet.hu said its unit Est Média Group (EMG) will raise its stake in festival organizer Sziget to 75% only in 2013 instead of 2012 under an amended agreement signed with the sellers on May 8.

» Privatizations not on ministry agenda
The Transport, Telecommunication and Energy Affairs Ministry is not planning any privatizations, Péter Hónig, who heads the portfolio, said in an interview published in Monday's issue of daily Népszava.

» Hungarian drug makers to establish industry-specific PMI
Hungary's biggest drug companies have joined together under the aegis of the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) to publish an industry-specific purchasing manager index, Halpim spokeswoman Szilvia Holics ...

» AIG expects long restructuring process
American International Group Inc (AIG) and the US government expect a multi-year restructuring of the insurer, the Wall Street Journal said, citing an internal AIG memo.

» China confident on economic upturn
China added to the drip-feed of encouraging news on Monday with a top central banker saying the government's stimulus has worked better than expected and crude imports data showing a spike in demand.

» US to make antitrust policy tougher
The US government plans to reverse its antitrust policy and put more pressure on companies eyeing bigger market share through their dominance, the New York Times reported on its website.

» Global hoteliers look east as recession bites
Global hoteliers are pinning their hopes on the east's underserved leisure markets to offset falling revenue as holidaymakers and business travelers cut back to save money in the global downturn.

» EU to find Intel anti-competitive
EU antitrust regulators are expected to say this week that Intel Corp illegally paid computer makers to postpone or cancel the launch of products containing chips made by its main rival, sources familiar with the case said.

» Soros says economic downward trend easing
The downward trend in the financial crisis is easing and national economic stimulus packages are starting to work, billionaire investor George Soros was quoted as saying by a German newspaper.

» US economic growth seen resuming in third quarter
The US economy is expected to begin growing in the second half of this year, while the jobless rate is expected to peak in the first quarter of 2010, according to a survey of top forecasters released on Sunday.

» Hungary's steel-industry output declines more than 50%
Hungary's composite national steel-industry output as declined by more than 50% since the beginning of the global economic crisis, falling from 200,000 tonnes per month during the summer of 2008 to 80,000 tons in January, 2009 and 98,000 tons in Febr ...

» Hungary's unbeaten horse Overdose to miss UK race
Associated Press - May 10, 2009 4:03 PM ET BUDAPEST, Hungary - Unbeaten racehorse Overdose will miss his debut in England because of a foot infection.

» GKI sees contraction deepening to 5.5% in 2009
GKI sees Hungary's economy contracting 5.5% in 2009, the economic think tank said in a projection prepared with Erste Bank.

» Richter Q1 profit doubles on FX gains
Hungarian drug maker Gedeon Richter’s first-quarter after-tax profit rose 103% to HUF 21.5 billion from the same period a year earlier, helped largely by a big exchange rate gain as the forint weakened against the dollar, the company said in it ...

» Ecostat head delivers positive assessment of Hungary

» Bajnai sees positive turn
The past few weeks that have elapsed since the new government took office have brought a slight but definitely positive change in the stability of the national economy, Prime Minister Gordon Bajnai said.

» 'Musac Exhibition, Műcsarnok, Until 24 May
"With this special, exciting and stirring show, which will inhabit the entire space of Műcsarnok, we want to prove that the art of the millennium stands close to our life: it is likeable and enjoyable. The Spanish MUSAC is one of Europe’s most exciti ...

» Landslide opposition victory in Pécs
Zsolt Páva, the candidate of the top opposition Fidesz party was confirmed the winner of a local mayoral elections held in Pécs on Sunday.

» Country-wide strike causes few disruptions
A country-wide strike called by the LIGA association of unions on Friday caused few disruptions: although people traveling by train faced delays, railway workers suspended their strike at noon.

» Central bank urges support of new inflation targets
The National Bank of Hungary (MNB) would welcome a confirmation of government support each time it sets inflation targets in the future, in addition to the government's general, unconditional support outlined in a modified agreement signed on Monday, ...

» Alstom sees 14% revenue increase in 2008
The Hungarian subsidiary of vehicle maker Asltom, Alstom Hungária Zrt posted an annual revenue total of €35 million for its 2008 business year ending on March 31, marking a 14% year-on-year increase.

» Fidesz Candidate Elected Mayor Of Pécs
"Fidesz candidate Zsolt Páva was elected mayor of Pécs in Sunday’s by-election, taking the traditionally Socialist town ahead of Socialist candidate Katalin Szili. Páva received 36,570 votes, 65% of the total, while Szili received 18,981 votes, or 34 ...

» Heroin Buried In Grandmother’s Grave
"Police found three kilograms of heroin hidden in 48 bags in two graves, one of them belonging to a drug dealer’s grandmother, in Sopron on Friday.

» London Symphony Orchestra, National Concert Hall, 12 May
"Formed in 1904, the London Symphony Orchestra is regarded as one of the finest in the world. It has visited the Palace of Arts twice before: in 2005 with Sir John Eliot Gardiner and in 2007 with its current president Sir Colin Davis whom Valery Gerg ...

» Salon Concert, Brody Sandor utca 25, 14 May
"The Salon Concert Society proudly presents the talanted voice students of Ms Eva Marton, one of the greatest dramatic sopranos of our time and ever and the brightest star of the opera stages worldwid at 7 pm at Brody Sandor utca 25 III/27, VIII Buda ...

» Schengen: New Iron Curtain Rising
"Since their entry to the Schengen zone, Poland, Czech Republic, Slovakia and Hungary have been issuing 50 percent less visas for Belarussians, Moldavians, Russians and Ukrainians than before."

» 'Fabulas', Artkatakomba, 19 May
"Fabulas is an album of friendship. … as a Cuban singer, I met Gábor Winand, the startlingly original Hungarian singer. I had found a true pearl where I least expected it, and was astonished where I expected it in the least. Gábor is now my life part ...

» Made in Hungaria
"After a prolonged stay in the U.S., a Brylcreemed Hungarian teenybopper teaches his Commie-era peers about rock 'n' roll in "Made in Hungaria," helmer Gergely Fonyo's fluffy but swinging musical romance. Solidly entertaining '60s-set tuner is based ...

» Apron Extended In Ferihegy
"The first phase of the apron extension in Ferihegy has reached completion. The construction of this stretch of concrete of 46 000 square meters was made necessary by the ongoing terminal development project, as Terminal 2 is going to be extended in ...

» Carmen, Opera House, 20 May
“Carmen is an opera comique in four acts by Georges Bizet with libretto by Henri Meilhac and Ludovic Halévy, based on the story of the same title by Prosper Mérimée. The opera premiered at the Opéra Comique of Paris on 3 March1875, denounced by criti ...

» New Work Of Art And Work Of Art Not Seen For Long
"The Ludwig Museum is relatively small, but has a significant collection even from international respect too, which counts a 400 work of art. The smaller portion of the arts can be seen at the permanent exhibition, therefore showing new selections fr ...

» Hungary's role in the 1989 revolutions
Hungary's part in the 1989 revolutions was low-key but essential. It was the country which first punched a hole in the Iron Curtain - and through it poured such a torrent of refugees that it destabilised its communist neighbours.

» 'After The End, Merlin Theater, 11 May
Starts at 9.30 pm.- with English subtitles -"After the End is a special blend of romantic comedies, psycho-thrillers and crime stories and has a perfect dramatical turn in the end. Dennis Kelly tells the story of the young couple in a very sensitive ...

» 'Dance In Photo Art', Palace Of Arts, Until 30 May
"The French ballet dancer and choreographer Jean-Georges Noverre was described already by his own contemporaries as the “Shakespeare of Ballet”. The reformer of modern dance art was born on April 29th 1727. And since 1982, following the initiative by ...

» Hungary to extradite Russian mother to France
Russian Irina Belenkaya during her hearing at a court in Budapest, Hungary, yesterday.

» 'National Gallop 2009', Budapest, 30 May - 1 June
"The program series Open Riding-Schools began, there is a possibility, more than 100 opportunities for free ride, in 50 riding schools of the country in the summer holidays.

» Talks open on Nabucco pipeline project in Prague
  A landmark meeting of EU Central Asian and Middle Eastern nations was marred on Friday when three key nations did not sign an agreement on the Nabucco gas pipeline scheme, aimed at reducing Europe’s dependence on Russian energy.

» Pooches Sometimes Miss the Point
Dogs share the same basic functional abilities as 2-year-old kids, at least when it comes to figuring out where older humans have hidden a treat.

» Strike disrupts rail traffic, airport traffic undisturbed
  National labor strike launched by the LIGA trade-union federation at 12:00 a.m. on Friday, caused disruptions to railway traffic throughout Hungary on Friday morning. Flights to and from Budapest airport went undisturbed. Budapest Transport e ...

» The Palazzo Venezia in Rome highlights 'The Mind of Leonardo ~ Universal Genius'
Although Leonardo da Vinci is commonly known as a "universal genius", the exhibitions dedicated to him have almost always focused on some specific area of his activity: art, anatomy, technology, studies on water, on flight, on war, and so on.

» Hungary: Friday strike expected to cause some disruptions for travelers
  A country-wide general strike called by the LIGA association of unions for Friday is expected to cause some disruptions for travelers.

» Hungarian boxer Andras Nagy dies in Australia
BUDAPEST, Hungary Hungarian light-heavyweight boxer Andras Nagy has died after suffering a brain injury while training in Melbourne, Australia.

» International Women's Club: 'Mystery Day Tour', 20 May
"Be prepared for a day of fun in the country. Experience something only Hungary has to offer.... history, culture, tradition and hospitality. A day of adventure to less frequented places. Enjoy a country lunch with great wines... Bring some cash as w ...

» Professional Womens' Event: 'Making an Impression', 11 May
"Many studies have shown that the first few minutes or even seconds of meeting someone can create a lasting impression. Job interviews are sometimes decided in as little as one minute and speed dating can be done in 3 minutes. The first impression we ...

» Joan Miró Poster Exhibition Opening, Haggenmacher Court Budapest
This special showing of Joan Miró’s original posters in Hungary, with an inaugural speech by Margit Turok, opens on Saturday 9 May at 5pm. This collection will be shown at the renewed Haggenmacher Udvar in district 22 until 30 May.

» Vacancy rate on Budapest office space market nears 20%
  The vacancy rate on Budapest’s office space market could soon reach 20%, up from about 13% just one year earlier, according to an analysis of the market by property company Duna House Commercial.

» Russia wins Global Management Challenge
A total of 30 countries competed last week for the title of world champion of the 2009 Global Management Challenge in Portugal, Lisbon.

» Photographs by Hannes Heikura, Mai Manó House Budapest
"Showing until 14 June. Hannes Heikura is an outstanding representative of Finnish press photography, he approaches his subjects in a highly personal manner. He is a journalist pressed by deadlines as well as being an artist who applies a timeless se ...

» Balaton Festival, Keszthely, 11 - 18 May
"Keszthely hosts this outstanding cultural event of the Western Balaton area every year in the second half of May. This series of events that has a history stretching back several decades is a combined arts festival offering music, dance, and fine ar ...

» 'Mood Concert', Palace Of Arts, 13 May, 5 p.m.
"The Palace of Arts has become such a central feature of Budapest’s musical life over the past three and a half years that it is hard now to work out how we survived without it. And by the same token, it is impossible to imagine the Palace without th ...

» The Székely Runic Script
"The Székely runic script is a Turkic type script perpetuated among the Székelys of south-east Transylvania, Romania. It is believed to have originated before the Hungarian Conquest (Honfoglalás).

» Recalling May 1989
Hope. Bloodshed. Perseverance. Change. These powerful words provide a sketch of the Cold War, which in May 1989, when Hungary began opening the Austria-Hungarian border, entered a decisive phase marked by accelerating change.

» EU agrees billions to make energy grid crisis-proof
  Europe’s energy networks will receive a €4 billion ($5.3 billion) upgrade to make them more robust and flexible in future energy crises following a vote in the European Union assembly on Wednesday.

» EU adopts tougher bank capital rules
  The European Parliament adopted tougher bank capital rules on Wednesday as a first step to restoring confidence into markets shaken by the worst financial crisis in decades.

» UK: House prices fall 1.7% in April
  House prices fell by a bigger-than-expected 1.7% in April and by 17.7% in the three months to April compared with a year earlier, the Halifax house price survey showed on Wednesday.

» Investor Radar-Things to watch as Imf/Eu to review Hungary
The International Monetary Fund and the European Union will review Hungary's performance this month for the first time since a new government took office and announced budget cuts to contain the deficit.

» Parliament approves tax amendment motions
  Hungary’s Parliament on Monday approved tax changes initiated by Gordon Bajnai’s crisis-management government. Following the endorsement of the separate amendment motions on Monday, final voting on the government’s tax and p ...

» 25% more firms bankrupt in Q1
A report from Coface Hungary last week revealed a 25 per cent rise in the level of company insolvency. Furthermore, the local division of the French trade receivables management firm predicts that as many as one in twenty Hungarian firms could go ...

» Bajnai Package Wins Shallow Support
"Ordinary people generally support the Bajnai package of crisis management measures until they are personally affected by them, a Medián poll commissioned by Népszabadság reveals.

» Sziget – The Most Colourful, Biggest & Cheapest Festival In Central Europe
"During this time of global financial crisis value for money becomes a higher priority. We have one foolproof tip for avid fans of music and youth culture: it will definitely be worth their while to come to Budapest from the 12th to the 17th of Augus ...

» Balaton Sound Festival, Zamárdi, 9 - 12 July
"To be held for the third time this year at Hungary's 'fanciest beach', Zamárdi, along the shore of Lake Balaton. Five major - and several minor - venues await festival-goers, twenty-hours a day with a wide choice of musical programmes. Jazz ensemble ...

» Budapest Property Market Index falls further - extended
  The Budapest Property Market Index, a measure of supply and demand on the market as well as market players’ plans and expectations, dropped eight points from January to -29 in April, László Akar, head of market research co ...

» Parliament approves government’s proposed pension revisions
  Hungary’s parliament on Monday separately approved the Bajnai government’s proposed pension revisions, including elimination of the extra month’s bonus payment, modification of the pension index used to calculate increases i ...

» 403,000 out of work in Hungary
A study released by the Central Statistics Office last Monday showed that unemployment in Hungary continued to rise in the first quarter of 2009. While the ratio of official job seekers stood at 9.1% in the period between December 2008 and Februar ...

» FBI To Help Solve Roma Murders
"The FBI will help Hungarian police to find the perpetrators of the murders of five Roma in recent months, National Police chief József Bencze announced on MTV Monday morning. Unidentified people have killed five Roma and injured several others in a ...

» Pension Vote A Baptism Of Fire For Hungary's New Premier
"Major austerity measures in Hungary's pension system, together with an amended proposal for tax changes in mid-2009, are up for a vote in Parliament today. The agenda includes proposals on which all Socialist and Liberal MP's agreed to support Prime ...

» Hungary Passes Tax, Pension Changes In First Vote
"Hungary's parliament passed key amendments to tax and pension laws on Monday in a preliminary vote, seen as the first test of the new Socialist minority government which took office last month."

» U.S. FBI Helps Hungary On Gypsy Killings
"U.S. FBI agents are helping Hungarian police investigate a recent series of killings involving Gypsies. The head of Hungary's police Jozsef Bencze said FBI agents analyze evidence they receive from Hungarian police officers and help produce psycholo ...

» '2ManyBloggas3', Merlin Theater, 8 May
"Kunk and Kollektiva present: 2ManyBloggas3 - BLOGGAS (A)LIVE - a dozen of Budapest's hottest blogs once again converge for a night of mayhem - Friday, May 8 at Merlin Szinhaz.

» B.B. KING Concert At Budapest Sportarena, 16 July
"Throughout the 1990's as well as the 1980's, 1970's, 1960's and 1950's, there has been only one King of the Blues - Riley B. King, affectionately known as B.B. King.

» Hungarians divided on EU, but love easier travel
Mired in economic crisis, Hungarians voice increasing scepticism about the benefits of EU membership five years after joining the bloc, even if all of them say they enjoy the ability to travel freely within the 27-nation zone.

» Dream Theater Is Coming To Budapest Sportarena On 1 July
"Progressive metal is not the most popular style among music fans however Dream Theater could sell more than 8 million of their various albums. The band is well known for the technical proficiency of its instrumentalists, who have won many awards fro ...

» Now Showing In Budapest: 'Star Trek'
"A young, new crew venture boldly where no man has gone before."

» Now Showing In Budapest: 'Confessions of a Shopaholic'
"In the glamorous world of New York City, Rebecca Bloomwood is a fun-loving girl who is really good at shopping - a little too good, perhaps.

» EU approves Slovak scheme to aid businesses
  The European Commission said on Thursday it had approved a Slovak aid scheme to help businesses to address the current economic crisis.

» Bajnai Asks For Sacrifices
"Prime Minister Gordon Bajnai asked all Hungarians to make sacrifices as he addressed the Socialist Party’s May Day festivities in the City Park on Friday. He asked pensioners to accept the abolition of the 13th-month pension, public servants to acce ...

» Hungary Needs Further Help From IMF - Bokros
"Hungary will beyond a doubt need to extend the credit facility granted by the International Monetary Fund (IMF) last autumn, said Lajos Bokros, former Finance Minister, in Washington at talks with IMF officials.

» Hungary leads call for investigation into death of alleged a assassinsa
Hungary leads call for investigation into death of alleged 'assassins' HUNGARY: Story of plot to kill Bolivian leaders unravel BOLIVIA'S HIGH publicity showcasing of what it calls a thwarted extreme right-wing plot to assassinate president Evo Mor ...

» The communist corrosion that brought down the Berlin Wall
A barren track now runs along the stretch of land between Hungary and Austria where 20 years ago the Iron Curtain started to disintegrate.

» Doing business getting worse, but Germans would reinvest
The German-Hungarian Chamber of Industry and Commerce (DUIHK) released its 15th economic report last Tuesday. The basis for the document, which analyses the economic and political conditions for German investors in particular, is a detailed survey ...

» Budapest Bank moves to GTC Metro office building
Budapest Bank signed a pre-lease for almost 17,000 square meters office space in GTC Metro, the representative of the tenant Cushman & Wakefield (C&W) said in a press release.v

» No attempt to isolate Russia in pipeline plan – EU
  European Union Energy Commissioner Andris Piebalgs said on Thursday an EU-backed plan to overhaul Ukraine’s gas pipeline network was not an attempt to isolate Russia. Russia to help pay for gas transit, risks remain.

» Russia use of Bulgaria gas network not yet resolved
  Russia’s agreement with Bulgaria on the South Stream gas pipeline to Europe did not resolve a key sticking point -- Russia’s use of Bulgaria’s gas infrastructure, a senior Russian official said on Wednesday.

» Croatia and Montenegro remain hot real estate markets
Renowned American weekly Businessweek writes that signs of recovery of the real estate markets, after the serious fall which lowered those prices in Spain by 35%, are still returning investors to “hot” markets such as Croatia and Monteneg ...

» Bajnai: Gov’t could do nothing to prevent MOL sale
  The government was in no position to prevent the fast and unexpected sale of a 21.2% stake in Hungarian oil and gas company MOL by Austrian peer OMV to Russia’s Surgutneftegas at the end of March, Prime Minister Gordon Bajnai said on We ...

» Bank profits could halve: MNB boss
“The greatest risk for the Hungarian banking system is if the current crisis becomes even more pronounced than previously thought,” National Bank of Hungary (MNB) governor András Simor said last Thursday at the AGM of the German-Hungarian Chamber ...

» Casino Robber Detained In Spain
"The raider of a Tiszaújváros casino has been detained by Spanish authorities. Spanish police captured the 22-year-old R.L. from Miskolc in mid-April, while Hungarian police later captured his 25-year-old associate, who is also from Miskolc.

» NNI Suspects Privatisation Crimes
"The National Bureau of Investigation (NNI) has launched criminal proceedings on suspicion of misuse of funds in the privatisations of Bábolna Élelmiszeripari, MOL, Földhitel és Jelzálogbank, and Lóversenyfogadás, which organises gambling on horserac ...

» EU exec unveils rules to speed up state aid plans
  European Union antitrust regulators unveiled simplified rules on Wednesday aimed at speeding up the approval process for state aid schemes after several EU countries branded Brussels guilty of foot-dragging.

» EU seeks to end bank bonuses for failure
  Banks should be allowed to claw back staff bonuses when performance claims prove to be bogus, the European Commission said on Wednesday, pledging legislation on pay oversight.

» The index was 22.1 percentage points lower than its peak in Q1 2002.
  Ecostat’s Real Estate Barometer, a measure of sentiment on Hungary’s property market, measured 34.6% in Q1, down 7.1 percentage points from Q4, Ecostat said on Wednesday.

» Romania freezes public sector wages
  Romania’s centre-left cabinet said it will freeze public sector wages, scrapping earlier plans to increase wages for government employees, as part of an attempt to cut spending.

» FinMin says parliament could adopt government tax package in June
  Hungary’s parliament could adopt the Bajnai government’s tax package for next year as early as the end of June, Finance Minister Péter Oszkó said in an interview with the daily newspaper Népszabadság pu ...

» Hungary home building permits rose in January-March
The number of home building permits rose 15% yr/yr to 6,600 in the first three months of the year, however the number of new homes put on the market fell 7% to 8,400, the Central Statistical Office said on Wednesday.

» Medvedev proposes a new “Energy Balance” in Europe
  During his visit to Helsinki, Finland on April 20, 2009, Russian President Dmitry Medvedev outlined a plan which would transform the Energy Charter, a document which has never been ratified by Russia, “in order to meet the interests of ...

» Russia, Bulgaria to sign South Stream deal soon
  Russia and Bulgaria have overcome disagreements about Moscow’s proposed South Stream gas route to Europe and will sign a final deal on the issue in a matter of weeks, their prime ministers said on Tuesday.

» Travelling To And From North America
"Human cases of swine flu have been reported in Mexico and certain areas of the United States of America. This was identified as “A” type flu virus which threatens animals and humans alike, and probably spreads between humans as well by means of drop ...

» Hungarians Divided On EU, But Love Easier Travel
"Mired in economic crisis, Hungarians voice increasing scepticism about the benefits of EU membership five years after joining the bloc, even if all of them say they enjoy the ability to travel freely within the 27-nation zone."

» Now Showing In Budapest: 'X-Men Origins Wolverine'
"X-Men Origins: Wolverine tells the story of Wolverine's epically violent and romantic past, his complex relationship with Victor Creed, and the ominous Weapon X program. Along the way, Wolverine encounters many mutants, both familiar and new, includ ...

» Hungary’s FHB expects to match 2008 profits, total assets in 2009
  FHB Mortgage Bank expects 2009 consolidated profit to at least match 2008 profits, and total assets are also seen reaching at least their level at the end of 2008, CEO Daniel Gyuris told shareholders at an annual general meeting on Tuesday.

» Ukraine will never turn off gas tap to Hungary, says Yushchenko
  Ukraine will never block Russian supplies of gas to Hungary or the rest of the European market, Viktor Yushchenko, Ukraine’s president, said after meeting with his Hungarian counterpart in Budapest on Tuesday.

» Turkish gov’t stalling on Nabucco project ahead - analysis
  The high-level conference on energy in Sofia on April 25 and the European Union’s summit in Prague on May 7 are survival opportunities for the Nabucco gas pipeline project.

» UK: House prices fall 10.1% in April
  House prices in England and Wales fell by 10.1% in April compared with a year ago, while prices declined at their slowest monthly pace for a year, property data company Hometrack said on Monday.

» EU draft hedge fund rules not tough enough – France
  The European Union’s draft rules on hedge funds do not go far enough to ensure the funds do not pose a systemic risk, France’s economy minister said on Monday.

» Snapshot On Hotel Market In View Of The EUR/HUF Exchange Rate
"All the players of the real estate market pay great attention to the movements of the exchange rate of the Hungarian forint versus other currencies. In the third of the sequence of four analyses, experts of international real estate agency Colliers ...

» Now Showing In Budapest: 'Duplicity'
"A CIA officer and MI6 agent leave the world of government intelligence to cash in on the highly profitable cold war raging between two rival multinational corporations. They must secure the formula for a product that will bring a fortune to the comp ...

» The strategic implications against Hungary’s MOL - analysis
  The European Union remains a passive bystander to Russia’s attempted capture of MOL, the Hungarian oil and gas company. Surgut Neftegaz became the single largest shareholder in MOL, literally overnight, through surreptitious acquisition ...

» Bajnai to present program in Brussels
  Prime Minister Gordon Bajnai will arrive in Brussels on an official visit on Tuesday, to introduce himself as the new Hungarian premier as well as his planned austerity measures to José Manuel Barroso, head of the European Commission.

» EU targets windows and taps with eco-design rules
Showers, taps, windows and home insulation will have to conform to environmental standards in the European Union, after lawmakers voted to widen the scope of existing “eco-design” regulations on Friday.

» Bajnai seeks restored confidence
  The government’s program aims to manage the crisis in the short term, create balance, lay the foundation for growth and re-establish the confidence of international financers, Prime Minister Gordon Bajnai told employers and unions at a ...

» Demand on warehouse market jumps 20%-25% in Q1
Demand on Hungary's warehouse market grew 20%-25% in the first quarter, as the weaker forint made properties more attractive, property operator In-Management Ingatlan told MTI.

» Hungary's Retail Sales Drop 0.5% m/m In Feb
"Hungarian retail sales dropped 0.5% month on month in February, versus an 0.1% uptick in January, according to data adjusted for calendar and seasonal effects, the Central Statistics Office (KSH) has reported on Thursday."

» Palace Cinemas Adds 12 Digital 3D Screens
"V.J Maury, chief executive of Palace Cinemas, said: "We are extremely excited to bring to our customers the very best in entertainment and 3D technology. It's a revolutionary technology that will radically change the business."

» Travel: That's It, I'm Taking Off For The Old World!
"My backpacking tour will take me through Hungary, Slovakia, Austria, Slovenia, Croatia, and Finland; places to which I've never been and know not the languages (except for German)."

» February home prices up, down 6.5% in year
Prices of US single-family homes rose by a seasonally adjusted 0.7% in February from January but were down 6.5% from a year earlier, the Federal Housing Finance Agency said.

» Hoffmann Hotels launches expansion
Hoffmann Hotel laid the cornerstone for a HUF 1.8 billion expansion of its Hotel Ózon, in Mátraháza (NE Hungary), at the same time a contract for HUF 600 million in state and EU support for the project was signed.

» TriGranit plans for topping out event in Cracow
Hungarian real estate developer TriGranit said it would hold the topping-out ceremony in May for a €500 million shopping centre it is building in Cracow.

» Now Showing In Budapest: 'I Love You, Man'
"Upon becoming engaged, Peter discovers he has no male friend close enough to serve as his Best Man. He tries to rectify the situation but ends up having to choose between his fiancee and his new friend."

» Now Showing In Budapest: 'New in Town'
"Lucy Hill is an ambitious, up and coming executive living in Miami. She loves her shoes, she loves her cars and she loves climbing the corporate ladder. When she is offered a temporary assignment - in the middle of nowhere - to restructure a manufac ...

» Now Showing In Budapest: 'The Reader'
"Michael Berg is a boy growing up in post-war Germany whose earnest, early stirrings of love involve a mysterious older woman hiding a shameful past, along with another deeply personal secret. As curiosity gives way to uneasy guilt experienced by tho ...

» Bajnai cabinet takes oaths in Parliament
The 14 ministers in the new Hungarian government led by Prime Minister Gordon Bajnai took their oaths of office in Parliament on Monday.

» Foreclosed flats now on market
Ordinary Hungarians who borrowed too much to buy a home and then became swept up in the economic crisis are losing the very roofs over their heads.

» Construction industry liquidations rise 15% in Q1
The number of construction company liquidations in Hungary rose 15% in the first quarter over the same period a year earlier, increasing less than expected, though more big companies were among the number, Opten, which compiles information about comp ...

» Hungary's Contructions Industry Still In A Bad Shape
"Hungary's construction industry has performed fairly well in February if we do not look further than the fact that its output volume jumped 9.6% month on month. However, once we realise that this increase came about after a long slide and a 13.5% pl ...

» Malév Appoints Consultant/Pilot Martin Gauss CEO
"A Board meeting of Hungary's national airline Malév has decided to appoint Martin Gauss Chief Executive Officer of the carrier as of Monday. It was Russia's Vnesheconombank (VEB) that stood behind the German-born professional, according to a local p ...

» Travel And Tourism In Hungary
"The Travel and Tourism in Hungary report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest market size data (2002-2007), allowing you to identify the sectors driving growth. It identifies th ...

» Downturn shelves Europe mall projects
  Up to 7 million square meters of planned shopping centres in Europe have been put on hold or cancelled amid the credit crunch, and more could be shelved as the global downturn gets worse, a report said on Thursday.

» UK: House prices continue sharp fall in March
  The sharp fall in English and Welsh house prices continued in March, though the pace of decline was the slowest since February last year after fast-rising new buyer interest translated into a modest increase in sales, a survey showed on Wedne ...

» Terminal 2 Development Brings Changes At Budapest Airport
"Budapest Airport (BA) commences demolition and construction works on the new Terminal 2 building at Ferihegy Airport called the SkyCourt at the end of April. During the construction period, the arrivals level of the terminal will be closed to vehicl ...

» Now Showing In Budapest: 'Gran Torino'
"Walt is a retired auto work and a veteran of the Korean War who is resentful about the changes in the neighborhood. He stays away from all the neighbors until someone tries to steal his Gran Torino. He becomes involved with the young boy's family th ...

» To Budapest By Bike – Just Like His Grandfather
"The young music graduate from North Berwick, East Lothian, will board a ferry from Hull tonight as part of his marathon cycle from Edinburgh to Budapest. The particular route he has chosen, which will see him disembark in Rotterdam and wheel across ...

» 18 `Artistes' On Way To Budapest Held With Fake Papers
"In yet another case of human trafficking, 18 passengers were arrested at Mumbai airport for trying to board a flight and travel to Budapest illegally on Saturday afternoon. The passengers, all of whom hail from Kerala, were intercepted at the immigr ...

» Hilton WestEnd Awarded "Best Conference Hotel Budapest 2008"
"Hilton Budapest WestEnd has been recognized as “Best Conference Hotel Budapest 2008” in the 5* category by Day Holiday Kft. and Turizmus Trend.

» BA Issued Tender For The Development Of Budapest Airport Hotel
"Budapest Airport has today issued a two-round open tender for the development of Budapest Airport Hotel. The operator of Ferihegy International Airport will expect professional companies to take part in the tender.

» Now Showing In Budapest: 'Dragonball Evolution'
"The young warrior Son Goku sets out on a quest, racing against time and the vengeful King Piccolo, to collect a set of seven magical orbs that will grant their wielder unlimited power."

» Europe's Roma community still facing massive discrimination ...
Denied their rights to housing, employment, healthcare and education,Roma are often victims of forced evictions, racist attacks and policeill-treatment.

» Now Showing In Budapest: 'Fast and Furious'
"When a crime brings them back to L.A., fugitive ex-con Dom Toretto reignites his feud with agent Brian O'Conner. But as they are forced to confront a shared enemy, Dom and Brian must give in to an uncertain new trust if they hope to out-manuever him ...

» Openness Of Europe Makes For Joyful 'Roots' Journey
"I've also visited the Czech Republic, Slovakia, Russia, Romania, Hungary, Serbia, Montenegro, and Bulgaria. And I've been brushing up on my childhood knowledge of the Polish language in order to better comprehend my roots."

» Comming Soon: 'Jonas Brothers: The 3D Concert Experience'
"A 3-D concert film of the 2008 Jonas Brothers "Burning Up" concert tour, as well as documentary footage on the lives of the three brothers."

» Budapest Airport At ITB Berlin
"Budapest Airport (BA) was participating at the ITB Berlin, a five-day travel exhibition, the largest of its kind in Europe. The operator of Ferihegy Airport popularized Hungary at the gigantic event, which draws 180 000 visitors each year, and thus ...

» Budapest Airport Awarded Best Outbound Travel Stand Award At The Travel 2009 Exhibition
"Budapest Airport’s pavilion imitating the new Terminal 2 building, the SkyCourt, proved a great success at the Travel 2009 exhibition. The structure, designed by the Ottó Kecskeméti studio, was chosen by the profession as the best-looking stand out ...

» The Malév Hungarian Airlines Fleet
"18 Next-Generation Boeing 737 planes represent the core of the company's fleet. Thanks to this modern fleet, Malév Hungarian Airlines is able to offer its customers a high standard of comfort and efficient service."

» Now Showing In Budapest: 'Monsters vs. Aliens'
"When a meteorite from outer space hits a young girl and turns her into a giant monster, she is taken to a secret government compound where she meets a ragtag group of monsters also rounded up over the years."

» Hungary Plans Marketing Event For UK C&I Buyers
"Hungary plans to boost its UK C&I traffic by holding an open day in London. Delegates will have the chance to meet the Hungarian National Tourist Office (HNTO) and around 15 MICE suppliers including hotels, conference centres and DMCs on 5 June."

» Now Showing In Budapest: 'The Visitor'
"Walter, a disillusioned Connecticut economics professor's life is transformed by a chance encounter in New York City. He is surprised to find a couple that are victims of a real estate scam, have take up residence in his apartment. They have nowhere ...

» Palace Cinemas Adds Twelve 3D Digital Screens Across Central Europe
"Palace Cinemas announces the addition of twelve (12) 3D-capable digital screens at its sites in Central Europe in the Czech Republic, Slovakia and Hungary. Three will be in Prague, two in Brno, two in Bratislava and five in Budapest in addition to t ...

» Now Showing In Budapest: 'Race to Witch Mountain'
" For years, stories have circulated about a secret place in the middle of the Nevada desert, known for unexplained phenomena and strange sightings. It is called Witch Mountain, and when a Las Vegas cab driver finds two teens with supernatural power ...

» Now Showing In Budapest: 'The Unborn'
"Sometimes the soul of a dead person has been so tainted with evil that it is denied entrance to heaven. It must endlessly wander the borderlands between worlds, desperately searching for a new body to inhabit. And sometimes it actually succeeds."

» Now Showing In Budapest: 'Berlin Calling' - German Language Film
"A man tours clubs around the globe with his manager and girlfriend. On the eve of their largest album release he is admitted to a psychiatric clinic after overdosing at a gig."

» Hungarian Airline Malév Recieves Nearly EUR 10 m Capital Injection
"Hungary's national airline Malév will receive a HUF 3 billion (EUR 9.9 m) capital injection to solve the carrier's financial woes, an extraordinary general meeting has decided earlier this week.

» Plaza Acquires Further Stake in Major Development Project
"Plaza Centers N.V., a leading emerging markets property developer, today announces that, in conjunction with MKB Bank (“MKB Bank"), it has acquired a further 27% stake in its Dream Island project in Budapest, Hungary, from CP Holdings Ltd, a company ...

» What's New In Eastern Europe For 2009
"The brand-new Salt Hill Thermal Spa complex is outside the city of Eger. The spa combines a cutting-edge bath complex with 12 indoor and five outdoor pools, a natural terraced formation created by mineral-rich spring water and a giant hotel still un ...

» Otthon Centrum Sees Housing Drop
"A 30% drop in home sales is likely this year and fewer new homes will be built, according to a study by real estate agency Otthon Centrum. The analysts expect 20,000-25,000 new homes to be built this year, down from 36,000 last year.

» New Destinations & Increased Flight Frequencies At Malév
"The Malév summer timetable coming into effect on 29 March features three new cities and additional services on established routes.

» Non-Residents Vanish From Budapest's New Home Market
"Budapest's new home market is trembling - hard. New home sales contracted by 40% year on year in 2008, but developers may be in for even worse times in 2009. The latest bad news is that non-residents are cancelling in mass their homes on which they ...

» Dickens Properties Moves From Home To Office In Budapest
"An increasingly fierce competition for premium tenants in Budapest's commercial property market has led to a number of novel new services for owners and investors. Among these there is the new facilities management and office design department of Ca ...

» Pleasant Surprise In Budapest Office Market
"Another record year on the Budapest Office Market was reported by Cushman & Wakefield in 2008 with 330,000 sq m of offices transacted. This is a slight increase from 2007 when the total take up was 325,000 sqm.

» Commercial Real Estate Surged In Hungary In 2008
"Demand for modern office property in Budapest has reached record levels with the commercial real estate sector in Hungary defying the economic downturn in the rest of Europe. Well located prime office properties in the city remain popular with overa ...

» New Tenant For Capital Square In Budapest
"Capital Square in Budapest can look forward to a new tenant: Hochtief Projektentwicklung's subsidiary Hochtief Develoment Hungary has concluded a lease contract for 1,200 square meters of space with AAM Vezetoi Informatikai Tanácsadó."

» Critical Angle: Hungarian National Theatre, Budapest
After nearly twenty years in and around the discipline of architectural theory and design, the observance of buildings and form is an occupational hazard for Anthony Donnelly. It's one that he has learned to live with, yet it is something many people ...

» Hungary Amends Duties Act On Real Estate Sale, Leasing
"Hungary has amended the Act on Duties (effective date: 23 January), introducing significant changes for businesses active in the sale and financial leasing of real estate. PricewaterhouseCoopers has summed up the details as follows."

» Nestlé Moves Into Millennium Tower II
"Global real estate consultant Cushman & Wakefield has successfully advised in the lease agreement of Nestlé Hungária Ltd for 3,890 sqm offices in Millennium Tower II, developed by TriGránit.

» Men's futsal
Budapest, January 13 (MTI) - Result in a men's futsal friendly played in Ikreny, NW Hungary, on Tuesday: Hungary -...

» 2008 Reflect Weaker Outlook For Rents
"The re-pricing that has been a recent feature of Europe Middle East and Africa (EMEA) markets continued in the fourth quarter of 2008. Yields in the office, retail and industrial sectors have all now risen 100 basis points or more since mid-2007. Th ...

» Women's water polo - LEN Cup
Budapest, January 10 (MTI) - Result in a water polo match played in the women's LEN Cup in Dunaujvaros (C)...

» 2nd Phase Of Népliget Center Is Now Above Ground
"Skanska's office project Népliget Center Phase II, is now above ground after finishing the garage levels, the company has announced on Monday. The construction of the second phase started in July 2008 and consists of two buildings with a total leasa ...

» Real Estate Confidence Plunges
"The outlook of Hungary’s real estate market players deteriorated sharply in the third quarter as the economic downturn reached the property business, according to a confidence survey compiled by Ecostat.

» OTP Ingatlan Slashes Two Thirds Of House Building Projects
"OTP Ingatlan Zrt., one of Hungary's key house builders, is to step on the breaks in 2009, Chairman-CEO János Szabó said on Friday.

» Machines Are Lumbering In TóPARK
"After several months of work, preparations have been completed and the spectacular part of the TóPARK development has begun. The construction road is complete, power lines crossing the area are safely relocated and the old desilters of the lake loca ...

» Sitting Ducks: How Real Estate Funds Got Hit By The Credit Crunch
"Presently, probably the worst hit sector of the real estate industry is the fund business. Once icons of stable value and predictable returns, these investment vehicles lost 20%-50% of their value overnight in some markets due to “fair value adjustm ...

» Gov't must return to reform policy in 2009, says Hungary PM
Budapest, November 26 (MTI) - The government will have to return to its reform policy in 2009, the prime minister said on television on Wednesday, adding that it must not be allowed to make the same mistakes it has made in the past.

» Handball - Men's EHF Cup
Budapest, November 23 (MTI) - Result of a return match played in the quarterfinal of the men's handball EHF Cup in...

» Hungary advances six slots in FIFA world rankings
Bern, November 12 (MTI) - Hungary advanced six slots from 62nd to 56th place in the latest FIFA soccer world rankings published...

» State must become more reliable payer, says PM
Budapest, November 11 (MTI) - The reliability of government agencies as payers should be increased, Prime Minister Ferenc Gyurcsany said on Tuesday, and suggested that these bodies be required to pay late payment penalties if they fail to pay bill ...

» Top Hungarian chess players at Dresden Chess Olympiad
Budapest, November 11 (MTI) - Hungary's top chess grandmasters Judit Polgar and Peter Leko will be members of Hungary's two teams to...

» Ice hockey - Hungary beats Croatia
Budapest, November 8 (MTI) - Results in a men's ice hockey qualifiers for the 2010 Olympic Winter Games in Vancouver played...

» Scotland, Hungary qualify from under-19 qualifiers
Budapest, October 25 (MTI) - Scotland and Hungary qualified for the next round from an under-19 European Championship qualifications tournament held in...

» Soccer - First division: scores and standings
Budapest, October 25 (MTI) - Results of matches played in Hungary's first-division soccer championship on Saturday:

» Hungary foreign minister stands by Nabucco and South Stream
Beijing. October 25 (MTI) - Hungary's foreign minister, participating in the 7th Europe-Asia Meeting (ASEM) in Beijing on Saturday, said both the Europe-backed Nabucco natural gas pipeline and the Russian-backed South Stream pipeline had the count ...

» National Summit to continue with 5-party coordination talks
Budapest, October 21 (MTI) - Two small parties, the liberal Free Democrats and the conservative Democratic Forum invited the other three parties in parliament to join them on Wednesday to discuss tax issues and a budget spending ceiling, Gabor Hor ...

» Runners readying for Vienna-Budapest Supermarathon
Budapest, October 19 (MTI) - Most contestants in the October 19-23 Vienna-Budapest Supermarathon arrived in the city of Gyor, the halfway point...

» Hungary needs growth stimulus not austerity package, says opposition leader
Budapest, October 19 (MTI) - Instead of introducing austerity measures the government should focus on efforts to boost economic growth, Viktor Orban, head of the main opposition Fidesz party, said at a party forum on Sunday.

» Men's water polo - Euroleague
Budapest, October 18 (MTI) - Hungary's Eger lost to Sibenik of Croatia in Eger, NE Hungary, on Saturday night in the...

» Europe and Central Asia: Summary of Amnesty International’s ...
This bulletin contains information about Amnesty International’s main concerns in Europe and Central Asia between July and December 2007. Not every country in the region is reported on; only those where there were significant developments in the peri ...

» Europe bulletin Jan-Jun 2007 (Leda)Europe and Central Asia ...
This bulletin contains information about Amnesty International’s main concerns in Europe and Central Asia between January and June 2007. Not every country in the region is reported on; only those where there were significant developments in the perio ...

» Europe and Central Asia: Summary of Amnesty International’s ...
This bulletin contains information about Amnesty International’s main concerns in Europe and Central Asia between January and June 2007. Not every country in the region is reported on; only those where there were significant developments in the perio ...

» Hungary: Police fail to protect participants of the Budapest Pride ...

» Hungary: Health Professional Action: Rape and sexual violence in ...
In Hungary two thirds of sexual crimes are committed by people known to the victim. Social prejudices about rape are widespread. Health professionals frequently show a lack of understanding of how to respond appropriately to women who have experience ...

» Hungary Human Rights | Reports, News Articles & Campaigns ...

» Hungary | Amnesty International

» Hungary: Cries unheard: The failure to protect women from rape and ...
This is a WOOC report about the impact of rape and other forms of sexual violence on women's lives. There are two main categories of sexual violence: those in which the perpetrator is a stranger and those in which the perpetrator is kno ...

» Hungary: Cries unheard: The failure to protect women from rape and ...
This is the summary of a WOOC report about the impact of rape and other sexual violence on women's lives. There are two main categories of sexual violence: those in which the perpetrator is a stranger and those in which the perpetrator is known to th ...

» Hungary: Justice denied to victims of rape in the home

» Hungary: Justice denied to victims of rape in the home [web action ...
The government in Hungary is failing to protect women from rape and sexual violence in the home. Widespread prejudice, government inactivity and deficiencies in the criminal justice system mean that many women are denied justice.

» Europe and Central Asia: Summary of Amnesty International's ...
This bulletin contains information about Amnesty International's main concerns in Europe and Central Asia between July and December 2006. Not every country in the region is reported on; only those where there were significant developments in ...

» Europe and Central Asia: Concerns in Europe & Central Asia ...
This bulletin contains information about Amnesty International's main concerns in Europe and Central Asia between January and June 2006. Not every country in the region is reported on; only those where there were significant developments in ...

» Shared Office in Budapest
[caption id="" align="alignleft" width="240" caption="Colabs Shared Office Budapest"][/caption] If you are running a small business from home but you are missing the collegial environment of an office I have a superb solution for you. A shared off ...

» Keresőmarketing Nap 2009
Today I received an email that the day after tomorrow the Keresőmarketing Nap 2009 (Search Engine Day) is taking place again in Budapest. I have been I think 3 times to this conference since I am living in Budapest on the one hand for business on the ...

» Allee Budapest
[caption id="" align="alignleft" width="86" caption="Allee Budapest"][/caption] Allee in Budapest is a newly opened shopping center on the territory of former Skala shopping center. Withing a year or so Allee was built on the property which is loc ...

» Metallica Budapest
14.05.08 - Puskas Ferenc Stadium [caption id="" align="alignleft" width="400" caption="Metallica Budapest"][/caption] Metallica, for sure one of the most legendary Heavy Metal bands in the world is coming to Budapest on May 5th 2010 for a conce ...

» Facebook and Twitter
Already since some time Budapestagent.com has a Facebook and Twitter Account with some Fans and Followers. Not that many though. Anyways this should not be a post about the existing channels rather than a new feature I embedded yesterday night which ...

» Hungarian Name Days
Hungarians are really crazy about name days. Especially older people rather celebrate their name days than their birthday which is basically drawing the attention away from their age. You can find big parties going on just like you celebrate your bir ...

» Rammstein Budapest
6.03.10 - Papp Laszlo Arena Rammstein is most probably the most successful German band outside Germany next to Tokio Hotel and Scooter which is still performing today and now they come for a concert to Budapest again. Rammstein has been in Budapes ...

» Bio Market Budapest
[caption id="" align="alignleft" width="368" caption="Bio Market Budapest"][/caption] The Bio Market in Budapest is a weekly market only trading bio and organic products located on the parking place of the Budapest Congress Centrum (link to map). ...

» The Budapest Airport Logistic Problem
Since quite some time I am travelling almost weekly by plane and start my trip after the airport transfer by taxi at Ferihegy Airport 2A in Budapest. The flight I usually take is at 07:20 to Warsaw which seems to be the worst time to checkin at the a ...

» Goulash Soup
[caption id="" align="alignleft" width="220" caption="Gulash Soup"][/caption] Goulash Soup, in Hungarian Gulyásleves, is THE number 1 food people all around the world connect with Hungary. Maybe only Paprika comes close to Goulash Soup but as we a ...

» Electrolux CEO resigns, vice president takes over (AP)
AP - Swedish appliance maker Electrolux AB Thursday said its president and chief executive Hans Straberg has resigned and will be replaced by company vice president Keith McLoughlin.

» European markets drop after disappointing data (AP)

» France hit by new strikes over retirement age (AP)
Spain government inches closer to budget support (AP)
AP - Spain's government has reached a deal with a small opposition party that will help it pass a 2011 budget that is key to getting the deficit down, reassuring markets worried over the country's finances and its survival in power.

» Europe is the Global Leader in Nationwide Implementation of eHealth Solutions
"Europe is leading the rest of the world in advancing towards modern eHealth infrastructures and implementations" was the conclusion of Dr. Karl Stroetmann of empirica Consultants at an eHealth Strategies Symposium in Brussels. This is a field where ...

» Ardentia Updates Theatre Performance Module to Help NHS Trusts Improve Efficiency and Cut Costs
Healthcare intelligence specialist Ardentia has introduced an updated version of its Theatre Performance Module, which is design ...

» Wheelchair Users Control an iPhone or iPod Touch Via their Wheelchair Joystick
A pioneering solution that gives wheelchair users the ability to control an iPhone or iPod touch via their wheelchair joystick will be unveiled for the first time at this year's Rehacare exhibition. 279.88 HUF = 1 EUR 2010-09-21 ECB Reference rate
1 EUR buys 279.88 Hungarian forint (HUF) - The reference exchange rates are published both by electronic market information providers and on the ECB's website shortly after the concertation procedure has been completed. Reference rates are published ...

» 281.25 HUF = 1 EUR 2010-09-20 ECB Reference rate
1 EUR buys 281.25 Hungarian forint (HUF) - The reference exchange rates are published both by electronic market information providers and on the ECB's website shortly after the concertation procedure has been completed. Reference rates are published ...

» 279.65 HUF = 1 EUR 2010-09-22 ECB Reference rate
1 EUR buys 279.65 Hungarian forint (HUF) - The reference exchange rates are published both by electronic market information providers and on the ECB's website shortly after the concertation procedure has been completed. Reference rates are published ...

» Breast Cancer Walk In Budapest, October 2
"These events will help break barriers that prevent women from accessing the information and care they need, particularly in areas where breast cancer is still a stigma or not addressed at all."

» ÁSZ Backs Growth Of Outpatient Surgery In Hungary
"A total of 312 types of surgical procedures performed last year in Hungary did not require an overnight stay in a hospital, but doctors only explored this opportunity for 270 of these kinds, the State Audit Office (ÁSZ) found.

» Cardio-Thoracic Center of Monaco is the first Siemens European Reference Center Cardiovascular Medicine
Siemens Healthcare and the Cardio-Thoracic Center of Monaco (CCM) signed a partnership contract in Monaco. Wi ...

» 'Family Health Screening', Millenáris Budapest, This Weekend
"Nők Lapja - Hungary’s traditional women’s magazine puts special emphasis on health protection and prevention. One of the most effective means of it is screening along with building up healthy eating and workout habits.

» Hungary Hopes Tourism Will Cure Ailing Healthcare System
"Toilet seats in some Hungarian state-run clinics are chained to toilets, as this correspondent recently discovered. Making sure the hard way that no one steals toilet seats looks like a symptom of the healthcare system’s chronic malfunctioning."

» Two Struck With West Nile Virus In Hungary
"Two Hungarians are being treated in hospital after contracting the West Nile Virus, epidemic specialist Katalin Krisztalovics announced.

» Economic Policy Reforms: Going for Growth 2010 - Hungary Country Note
This note is taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2010.

» Hungary - Economic Survey - Implement decisive structural reforms to restore sustainable growth
Hungary is facing one of the most severe recessions among OECD countries and restoring sustainable growth will require to sustain the momentum of fiscal reforms, to improve financial regulation and supervision, and to raise education outcomes.

» Hungary-Economic Survey: Implement decisive structural reforms to restore sustainable growth
Hungary is facing one of the most severe recessions among OECD countries and restoring sustainable growth will require to sustain the momentum of fiscal reforms, to improve financial regulation and supervision, and to raise education outcomes.

» Hungary: Economic Survey
Hungary is facing one of the most severe recessions among OECD countries and restoring sustainable growth will require to sustain the momentum of fiscal reforms, to improve financial regulation and supervision, and to raise education outcomes.

» 20 Years After: reflections on the economic transformation of the Czech Republic, Hungary, Poland and the Slovak Republic
Political freedom is priceless but the transition to a democratic free market economy since the fall of the Berlin wall has been challenging. What lessons can we draw from the experience and what values can we share to lead us into a post-crisis worl ...

» OECD Economic Outlook No. 86 - Hungary
Summary of economic developments and projections for Hungary taken from the latest OECD Economic Outlook.

» Briefing note for OECD Health Data 2009: How Does Hungary Compare
Total health spending accounted for 7.4% of GDP in Hungary in 2007, less than the average of 8.9% in OECD countries.

» OECD Economic Outlook No. 85 - Hungary
Summary of economic developments and projections for Hungary taken from the latest OECD Economic Outlook.

» Economic Policy Reforms: Going for Growth 2009 - Hungary Country Note
This note, taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2009, contains information about the progress in implementing reforms in line with the 2008 priorities for Hungary.

» A Second Chance School in Hungary
Hungary’s Belvárosi Tanoda Secondary School offers an informal, flexible environment and alternative teaching methods for students who have had problems in other schools.

» OECD Science, Technology and Industry Outlook 2008: Profile of Hungary
This country profile highlights the strengths and challenges for science and technology performance and describes recent policy responses.

» Hungary should boost innovation to drive economic growth, says OECD
Hungary should invest more in research and development (R&D) to make its economy more competitive and boost growth, according to a new OECD report.

» Visit of the OECD Secretary-General to Hungary
While in Budapest, Angel Gurría launched the OECD environmental performance review of Hungary and attended the Conference on Financial Awareness where he spoke about the importance of financial education. He also held bilateral meetings with several ...

» International Migration Outlook 2008: Hungary country note
This country note together with a standardised table describes recent trends in migration movements and policies.