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hvg.hu English version

Central Bank Pushes For Reforms

Hungary should carry out fundamental reforms in order to become eligible for introducing the euro in 2010, Zsigmond Járai, President of
According to Járai, the current account deficit is likely to reach 8%–9% of GDP this year, mainly due to the public sector
... added that inflation has been falling in the latest months, which shows a favorable trend. Inflation targets for 2005 and 2006 can be
.... The MNB expects inflation to drop to 3.4%–3.5% this year. “On the long run, stable and strong economic growth is

hvg.hu English version

Number Of Housing Permits On The Rise

In the first quarter of 2005, 7,300 new apartments received a housing permit, while 10,600 building permits were issued by local
The number of housing permits shows a 6% increase, while the number of building permits fell 6% compared to
..., the number of new homes that received a housing permit close to tripled compared to last year, and 150% more building permits were
... same period last year. Outside the capital both numbers show a decline of around 23%, according to figures from the

hvg.hu English version

Court Annuls Train Purchase Deal

The Public Procurement Arbitration Court found that Hungarian State Railways Rt. (MÁV) violated the law on public
The Court said it imposed a HUF 10 million fine on MÁV for violating the law. On March 18, MÁV announced that
...-Ganz Transelektro was selected as the winner to supply and operate 60 electric trains for MÁV. Soon after MÁV’s announcement, losing
... turned to the Public Procurement Arbitration Court and requested review of MÁV’s evaluation and decision-making process. In its review

hvg.hu English version

PM Drums Up Fight On Black Economy

Prime Minister Ferenc Gyurcsány on Monday unveiled the government’s plans to amend rules of employment in a bid to eliminate black
unemployed and work illegally at the same time. “The wall between being employed and being unemployed should be torn
... that labor rules should allow for an easier transition from the unemployed status to having a work, with different stages inserted in
... government also proposes to transform the unemployment benefit to a “job seeking benefit,” providing more services and benefits in

hvg.hu English version

Hungary Keeps Castles In State Hands

Old castles in state ownership will not be privatized if Parliament approves the government’s proposed amendment to the law
Despite earlier plans of the Cultural Heritage Protection Bureau (KÖH) to privatize 27 old castle buildings, the appendix
... castles that are to remain in state ownership, will not be changed. The castles originally intended for privatization included such
... the Cziráky castle in Lovasberény and Zichy castle in Soponya. In recent months, the State Treasury Office (KVI) and

hvg.hu English version

Central Bank Cuts Prime Rate

The National Bank of Hungary (MNB) cut the central bank basic rate by 25 basis points to 7.5% on Monday
The MNB’s monetary council found that inflation forecasts based on the macroeconomic processes in the past
... latest inflation report issued in February the MNB put the annual rate of inflation to 3.6% by the end of
... the optimistic expectations, the central bank’s latest basic rate cut was recently the smallest. In January

MTI Világ

Washington karanténba helyezné Észak-Koreát

Az Egyesült Államok olyan biztonsági tanácsi határozattervezet kezdeményezését fontolgatja a The New York Times hétfői száma szerint
szerint az ilyen próbálkozás sikere elsősorban attól függ, hogy Kína hajlandó-e teljes mértékben részt venni benne. A The New York

hvg.hu English version

Hungary Ranks Second On EU Product Recall List

The number of recalls of dangerous or faulty consumer goods in EU member states has increased sharply over the past 12
... latest European Commission figures. Of all member states, Hungary provided the second highest number of
Since the introduction of the General Product Safety Directive (GPSD) by the EU at the beginning
... reported to the EC has grown 175% from an average four per week in February 2004 to 11 per week in February 2005. The
... protect consumers from unsafe products by increasing the reporting obligation and introducing mandatory recalls on companies in

hvg.hu English version

Hungary To Lower Fuel Excise, Rule Out Local Tax

Excise and other taxes on fuel should be amended so that people who have been filling up their tanks on the other side of Hungary’s
Veres added that the current form of local industrial tax, a revenue-based tax whose proceeds go directly to local municipalities
... be terminated by 2008, by when a new financial model that ensures the financing of local municipalities will have to be developed.
... said a proposal by the government’s informal tax committee suggests that a chunk of personal income taxes could serve as

hvg.hu English version

New FinMin Promises Fairer Taxes

By the end of April the government will propose new measures that serve justice in society and the proposals
Veres pledged enhanced action aiming to expand tax payment to those people who currently do not contribute to the costs of running
.... Veres anticipates the move will involve between 500,000 and 1 million people currently working in the black or “gray”
... designate said the measures will include moves which will “motivate, orientate or increase scrutiny”. Citing an example to

MTI Világ

Most is Blair mögé sorakozott fel a The Sun

Számos fenntartása ellenére az idei parlamenti választáson is a kormányzó Munkáspárt támogatása mellett döntött a világ egyik legnagyobb tömeglapja
" úgy határozott: az egymás utáni harmadik kormányzati mandátumáért harcoló Labour mögött sorakozik fel. A The Sun szerint Tony Blair
... sajtóbirodalmának részeként ugyanahhoz a médiaistállóhoz tartozik, mint a Sky tévékonglomerátum, és a patinás The Times napilap - az
... elképzeléseket egy jobb Nagy-Britannia megteremtésére. A The Sun a Labour támogatását egyebek között azzal indokolta: nem lehet

hvg.hu English version

Mádl Rejects Reappointment Plans

As coalition forces struggle to name a common candidate for president of the Hungarian Republic, senior opposition party
In 1995 Mádl accepted his nomination by then opposition party Fidesz for two reasons. “One of the reasons was that I found
... as a ba-sic value of democracy. At the same time, I found the nomination honorable and deemed the opposition
... a morally and professionally supported candidate for the post,” Mádl said. Five years later “I accepted the candidacy for

hvg.hu English version

Nazi Agents Still Haunt Society

As regular unveiling of former secret agents of the Communist regime stir up emotions these days, 60 years ago the
The single report I wrote was made under the hardest pressure, and it is worthless because I simply copied a newspaper
... Király to his own de-fense at his trial in 1945. Király’s name was found in documents of Gestapo, the secret police of the
... shocked to hear the news as Király was a celebrated liberal journalist, who became famous for reporting on crime scenes for tabloid

hvg.hu English version

PM Sacks FinMin In Surprise Move

Prime Minister Ferenc Gyurcsány on Monday dismissed Finance Minister Tibor Draskovics and appointed János Veres, Chief of Staff at the
“I suggest that the new Finance Minister should be János Veres as of next Monday,” Gyurcsány said at the meeting of senior
... Socialist Party (MSZP) Monday morning. “In the next few weeks the govern-ment will initiate several moves in
... steps’, and to achieve this, the cooperation with government parties should be improved,” Gyurcsány explained the change

hvg.hu English version

Italian Police Discovers Hungarian Prostitute Network

A 30-year old Hungarian woman was arrested by the Italian Police for managing a 500-member internet database of Hungarian girls
All girls in the database were reported to be adults, and were willing to prostitute themselves. They paid €100 a day to
... for prostitution – while those adults who willingly offer their body cannot be punished. Besides the Hungarian matchmaker woman, two
... are charged in connection with the case. They are believed to provide the high-quality apartments in Florence where

hvg.hu English version

State-Owned Bank Spends Dearly On Ads

ads, TV and radio campaigns, and other means to boost the image of the state-owned development
”, a procedure that is only acceptable by the procurement law in the case of “special urgency”. The bank said
... previous year’s advertising budget was about to be used up entirely. In the tender, Mindshare Media Agency Kft. was the
.... Berg Media plans to use ESMA Spanish-Hungarian Advertising Kft. as a subcontractor accounting for more than 10% of the total value of

hvg.hu English version

Retail Chain Found Violating Labor Rules

Officials of the National Labor Supervision Office found several Hungarian stores of German-owned discount retailer Lidl in violation of
Lidl, known for its aggressive pricing policy and harsh treatment of employees, was fined several millions of forints for the
... Lidl’s stores in Pápa and Tapolca, West Hungary, 70 staff members were allowed to have less than the legally prescribed 11 hours of
... Péter Nesztinger, director of Veszprém County Labor and Labor Safety Supervision Office. He added that none of the staffers at

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Mostantól az Orbán-kormány dönthetné el, meddig lehet közmunkát végezni és mennyiért

Mostantól az Orbán-kormány dönthetné el, meddig lehet közmunkát végezni és mennyiért

Itt az első autó, amin egy külső légzsák a kerékpárosokat védi

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Ez lesz kedden az Erzsébet hídon: Hadházy Ákos és Vészabó Noémi exférje is provokátorokat emleget

Ez lesz kedden az Erzsébet hídon: Hadházy Ákos és Vészabó Noémi exférje is provokátorokat emleget

Az Ipoly árterében kapták lencsevégre a jóízűen falatozó halászsast – videó

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Tavaly már a Covid előtti szinten pezsegtek az ingatlanpiacon az EU-n kívüli vásárlók

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„Pápaképes” konzervatív, ügyes diplomata – Erdő Pétert Ferenc legesélyesebb utódjelöltjei közé sorolja a világsajtó

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