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hvg.hu English version

Electronics Retailer Closes Shop

Once the monopoly player of electronics retail trade in Hungary, Keravill Rt. has announced to end operations soon
According to the announcement of Keravill owner publicly traded Fotex Rt., the company did not intend to engage in a
... competition from foreign electronics chains, and instead will close down. While competitors applied huge discounts and dumping prices
... cycle in the beginning of 2003, when it made HUF 300 million losses in the first quarter. Losses kept mounting up and the company managed

hvg.hu English version

Three Licenses Sold In 3G Tender

No fourth player is expected to win a license in Hungary’s 3G tender, leaving the local mobile market with three incumbent operators
for a license with a fee based on revenues; and negotiations between the company and NHH were still under way as HVG went to press.
... will generate an income into the state budget in line with expectations. The government originally planned to generate HUF 15.8 billion
... licenses in 2004; and last week Parliament amended the expectation for budget income from 3G licenses in 2005 by HUF 10 billion to HUF

hvg.hu non-base

Tax Amendment To Boost Investment In Arts

Few people invest in objects d’arts in Hungary, but a tax law amendment is likely to motivate private entrepreneurs to do
and the buyer a 10%–15% commission to cover the costs of the auction and the catalogue. Furthermore, taxes also decrease profits
... a 20% (raised to 25% from next year) personal income tax on movables with a value of above HUF 200,000. At the same time, buyers are
...% royalty on each object d’arts. According to a recent tax amendment, lobbied by leading Hungarian art patron Gábor Kovács of Kogart

MTI Itthon

Rakétákat vesz a HM

A magyar kormány múlt heti felhatalmazása után a Honvédelmi Minisztérium képviselője aláírta az amerikai kormánnyal a szerződést AMRAAM (Advanced

hvg.hu English version

Parties Agree To Continue Search For Communist Agents

Parliament will pass a resolution to extend the mandate of Hungary’s vetting judges by six months until June 30, 2005, according
The vetting judges, who are responsible for uncovering the past of people now in influential positions, have to review the lives and
... an ideal date. The current extension is the third in line since the vetting judges started work. Their mandate is to find if people now
... positions collaborated with the former Communist regime. In the meantime, a proposal to expand the scope of vetting has been submitted

hvg.hu English version

Gov’t Changes Deficit Calculation Method

The Finance Ministry chose a different methodology to calculate public sector deficit in the latest update of its convergence report
..., which is to show the path Hungary takes to adopt the euro, now shows deficit figures that are both lower and higher than
The government has eased tension related to the central budget deficit by introducing a new calculation method, which includes the
... calculation method says that since 1998 a part of pension payments goes into private pension funds, and the state has to fill up the
... pension funds are currently at the stage of collecting contributions – no payments have been made to date – and most of the money that

hvg.hu English version

Producers Attack Lidl Store

Farmers held a demonstration and gave away their crops outside a Lidl store in Dunaharaszti last Friday. With the demonstration, they aimed
... attention to dumping prices introduced by Lidl, the latest retail chain that started operations in Hungary
Farmers held a demonstration and gave away their crops outside a Lidl store in Dunaharaszti last Friday. With the demonstration, they aimed
... attention to dumping prices introduced by Lidl, the latest retail chain that started operations in Hungary recently. György Vámos
... the National Retail Association, said the dispute could be best solved by reviewing current regulations, which do not make it easy to

hvg.hu English version

Rules Eased On Ovum Donation

Hungary’s ombudsmen of human rights and data protection, as well as the Health Ministry, support a motion to amend rules of donating
... infertile women. The modifications will put an end to compulsory anonymity of the donor, which in practice has limited the number of
According to current rules, the donor of an ovum must keep her identity in secret. However, the ordeal of examinations donors have
... be able to help an infertile woman discourages most willing people from their generous act. Due to the strict medical
... those women are willing to donate their ovum who would like to help one of their friends of family members to

hvg.hu English version

Budapest-Miskolc Motorway Completed

The official opening of the remaining 16-kilometer stretch of the M30 highway last Thursday connected Miskolc, Hungary’s second biggest town
Main contractors Vegyépszer Rt. and Betonút Rt. built the 24-kilometer section for a total of HUF 52 billion. Motorway tolls are scheduled
... motorway sticker will cost HUF 1,460 in 2005 – as against HUF 1,270 in 2004. Price of the ten-day sticker will rise HUF 300 to HUF
... of total weight can use daily passes, which will cost HUF 2,000, and the transport ministry expects that the move will encourage heavy vehicles

hvg.hu English version

President Vetoes Central Bank Law

Parliament is likely to debate amendments to the central bank law in two weeks again, in time for the new law
.... President Ferenc Mádl last Monday refused to sign the amendments and sent them back to Parliament for
One of Mádl’s objections to the modifications is that the motion is contrary to its stated aim, namely to
... effectiveness of the National Bank of Hungary (MNB). According to the proposal, not only the president of the MNB, but also the Prime
... members to the central bank’s Monetary Council, the chief monetary policy decision making body. Mádl also found it questionable that

hvg.hu English version

Voters Shy Away From Referendum

With 98% of votes counted, Hungary’s referendum on double citizenship and stopping privatization of the healthcare sector did not produce enough
million voters, at least 2 million have to say either ‘yes’ or ‘no’ so that the question is decided. At the referendum on Dec. 5
... two questions, the first being “Do you agree that Hungarian citizenship should be given to any Hungarian living outside Hungary’s
... second was “Do you agree that privatization in the healthcare sector should be stopped?” In response to the double citizenship

hvg.hu English version

Christmas Toy Sales No Fun Any More

Hypermarkets multiply their areas offering a multitude of toys, pushing traditional toy retailers to the peripheries of the Christmas
they become the most popular venues for shoppers. Toy manufacturers and traders now have no other choice but pay various special fees
... their goods make it to the shelves of hypermarkets. According to market rumors, Lego products were not available in Cora
... billion–HUF 20 billion a year, out of which illegal imports account for 25%–30%. The proportion of locally manufactured toys has fallen

hvg.hu English version

Bulgaria Accuses TriGránit With Bribery

Bulgarian Deputy-Prime Minister Nikolai Vasilev has issued a statement saying Hungarian real estate company TriGránit “might have to
The deputy-PM’s statement came in response to an article in Bulgarian national daily Trud that said the real estate firm gave €2,000
... Bulgarian journalists, who were invited to a press trip in Budapest and Katowice, Poland. According to Trud, when the
... envelopes their hosts explained the money was supposed to cover travel and accommodation expenses. Péter Lőrincze, the TriGránit

English version

Gov’t Plans New Labor Program

Parliament started debating last Monday the latest proposal to help invigorate Hungary’s labor market, offering subsidies
The government plans spectacular results from its new, low-budget labor program. Spending a total of HUF 8.3 billion, it aims to help
.... The government reimburses half of the employers’ social security payments on gross wages up to HUF 90,000 a month, which translates
... HUF 13,050 monthly savings per employee. “We have plenty of money, but at least enough to help part of Hungary’s 3 million inactive

hvg.hu English version

New Mandate For Hungarian GIs

As Hungarian troops in Iraq are gearing up for coming home in December, the Hungarian Parliament approved a new mission to
specify the type of troops that can be sent to Bosnia, as this will be decided by the government. A decision is still expected on

hvg.hu English version

Publishing Co. Sold To PM’s Former Business Partner

Rt. was sold well below its value to Prime Minister Ferenc Gyurcsány’s former business partner
After 11 contenders showed interest for National Textbook Publishing Rt., which holds close to 50% of the Hungarian textbook market, the
.... Szvák wanted to turn National Textbook Publishing into a center of professional network overseen by the Education Ministry. While
... Newspaper Printing Rt., Athenaeum Printing Rt. and Geomedia Publishing Rt. – made close to HUF 1 billion profit on HUF 18.9 billion

English version

MNB Cuts Rate As Gov’t Amends Central Bank Law

The latest, 50 basis-point central interest rate cut by the National Bank of Hungary (MNB) did not manage to cool down tensions between
be expected. The strengthening is contrary to the government’s intentions to create favorable conditions for the country’s
... the strong forint. “Our decision to cut the central rate has nothing to do with the amendment of the central bank law; it
... inflation and favorable investor sentiment,” MNB President Zsigmond Járai said, when explaining the central rate cut from 10.5% to 10

Itthon

Tagadja a vádakat Farkas

Farkas Péter olimpiai bajnok a rendőrségi kihallgatáson azt állította, nem volt tudomása arról, hogy az édesanyja házának hátsó részében több ezer
héten fogták el, miután a nyomozók Farkas Péter édesanyjának budapesti telkének pincéjében több ezer indiai kendert találtak. A

Még több falusi italboltost támogat a kormány

Még több falusi italboltost támogat a kormány

Mennyi időbe telik, mire látható eredménye lesz annak, ha elkezdünk edzeni?

Mennyi időbe telik, mire látható eredménye lesz annak, ha elkezdünk edzeni?

Magyar turista tűnt el Indiában, nagy erőkkel keresik

Magyar turista tűnt el Indiában, nagy erőkkel keresik

Íme a Toyota még durvább GR Corollája

Íme a Toyota még durvább GR Corollája

Összelegóztak egy működő vadászgépet két totálkáros F-35-ösből

Összelegóztak egy működő vadászgépet két totálkáros F-35-ösből

Egyedül a magyar kormány nem támogatta, hogy elkezdjék az ukrán jogszabályok összehangolását az uniós joggal

Egyedül a magyar kormány nem támogatta, hogy elkezdjék az ukrán jogszabályok összehangolását az uniós joggal

Megéri állampapírban takarékoskodni nyugdíjra?

Megéri állampapírban takarékoskodni nyugdíjra?

„Ha már túl könnyen megy, akkor abbahagyom” – beszélgetés Matzon Ákos festőművésszel

„Ha már túl könnyen megy, akkor abbahagyom” – beszélgetés Matzon Ákos festőművésszel

Ma még megtalálhatod álmaid állását személyesen ─ megy az állásbörze második napja 

Ma még megtalálhatod álmaid állását személyesen ─ megy az állásbörze második napja 

A címlapról ajánljuk