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HVG.HU \ ENGLISH VERSION

German Property Firm Ups Investments in Budapest

Bonn-based IVG Immobilien AG plans to invest EUR 66 million in the Infopark office complex in Budapest by the end of 2007, IVG president John von Freyend announced last week.

szerző hvg.hu idő 2005. március 07., hétfő, 19:16

Finance Ministry Vetoes Airport Land Purchase

State-owned Budapest Airport Rt. has to invalidate its contract with Carion group involving a HUF 4.7 billion land purchase deal, the Finance Ministry decided last Friday.

szerző hvg.hu idő 2005. március 07., hétfő, 19:14

OTP CEO Suspected Behind Owner Of Rotary Rt

Oil industry sources suspect Sándor Csányi, chairman and CEO of OTP Bank Rt., to be owner of the U.S.-based offshore company that owns part of oil drilling company Rotary Rt.

szerző hvg.hu idő 2005. március 07., hétfő, 18:42

Hvg.hu Publishes List Of Secret Agents

Hvg.hu has published a list of state security officials and agents who were active members and leaders of county offices in the Interior Ministry’s III/III department – the bureau of the Communist regime’s secret agents – in 1989.

szerző hvg.hu idő 2005. március 07., hétfő, 18:29

Tax Committee Unveils Reform Proposals

A special committee set up to reform Hungary’s current tax system will propose introducing two-bracket systems in corporate profit tax and in the simplified entrepreneurial tax as of 2006. Plans include a total restructuring of municipal financing as of 2007, said László Akar, chairman of the committee.

szerző hvg.hu idő 2005. március 03., csütörtök, 13:56

Real Estate Tycoon Invests 1 Bln In Romania

TriGránit Real Estate Development Rt. has announced plans to invest EUR 1 billion in building a new city area in the Romanian capital.

szerző hvg.hu idő 2005. március 03., csütörtök, 13:53

Hungary Goes Digital

The Hungarian government has approved a proposal on the strategic aims and government tasks related to the changeover to digital terrestrial broadcasting.

szerző hvg.hu idő 2005. március 03., csütörtök, 13:50

Erste To Continue Expansion

Austria-based Erste Bank is increasing the number of its branches by 20 to 170 by the end of this year, making it the bank with the second largest network after market leader OTP Bank Rt.

szerző hvg.hu idő 2005. március 02., szerda, 14:57

Real Wages To Grow In 2005

Hungary’s economy could grow 4% this year, while inflation is expected to continue falling and real wages will keep rising, according to the latest research by think-tank GKI Rt.

szerző hvg.hu idő 2005. március 02., szerda, 14:55

EU Gets Tough On Hungary’s Swelling Deficit

Contrary to hopes by the Hungarian government, it seems likely that Hungary can’t get away with more favorable calculations on its mounting central budget deficit.

szerző hvg.hu idő 2005. március 02., szerda, 14:52

Agreement Saves Capital From Crippling Strike

In negotiations ending in the dawn of last Monday, Budapest Transport Rt. (BKV) and five workers’ unions reached an agreement over wages for 2005.

szerző hvg.hu idő 2005. február 21., hétfő, 14:32

Farmers To Demonstrate In Budapest

The National Federation of Farmers’ Cooperatives and Farmers’ Groups (Magosz) will demonstrate with hundreds of tractors on Budapest’s Felvonulási tér on Monday, followed by a protest against the Agriculture Ministry in front of the Ministry’s building on Kossuth tér.

szerző hvg.hu idő 2005. február 21., hétfő, 14:30

Inflation Improvement Makes Room For Rate Cuts

London-based analysts predicted last week that Hungary’s central bank rate could fall to 7% by end of 2005. They based their optimistic forecasts on the latest inflation figure that was better than expected.

szerző hvg.hu idő 2005. február 21., hétfő, 14:24

Committee Formed To Reform Taxes

A tax reform committee involving government, opposition and non-governmental members held its opening session last week, but it is not expected to set the direction of changes sooner than a month from now.

szerző hvg.hu idő 2005. február 21., hétfő, 14:21

Fund To Support Ethnic Hungarians

Parliament has passed a law on establishing Motherland Fund, a special state fund financing programs aiming to improve living standards of ethnic Hungarians abroad.

szerző hvg.hu idő 2005. február 21., hétfő, 14:19

Socialists Water Down Secret Agent Law

Majority coalition party MSZP retracted its originally brave proposal on publicizing the list of former secret agents of the Communist regime, and handed in a draft law that brings hardly any changes in current laws on uncovering sinners of the past.

szerző hvg.hu idő 2005. február 21., hétfő, 14:16

Arms Maker Closes Shop

The Budapest Metropolitan Court ordered the final liquidation of Fégarmy Arms Manufacturing Rt., Hungary’s last gun manufacturing company.

szerző hvg.hu idő 2005. február 14., hétfő, 17:54

Hungary Helps Serbian Police In Family Massacre Case

The Hungarian police has prepared an extensive report on the Hungarian business relationships of Nándor Szalma, head of a Hungarian family that was brutally murdered in Horgos, Serbia, at the end of January. The man is believed to have connections with the organized crime in Hungary.

szerző hvg.hu idő 2005. február 14., hétfő, 17:49

Gov’t Protects Jewish Buildings

Outgoing Culture Minister István Hiller decided last week on the protection of 51 buildings, all of them situated in Budapest’s former Jewish ghetto area in District 7.

szerző hvg.hu idő 2005. február 14., hétfő, 17:46

Gov’t Spends Dearly On Communication

Ferenc Gyurcsány’s cabinet is boosting spending on public communication by 50% compared to last year. The government has announced public procurement tenders for communication drives to the tune of HUF 2 billion to be spent before the next elections in May 2006.

szerző hvg.hu idő 2005. február 14., hétfő, 17:43