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Adopting Euro, Expanding Economy at Stake

Ashoka Mody, Assistant Director of the International Monetary Fund’s European Department, just concluded a ten-day visit to Budapest, as
... IMF fact-finding delegation. What were the major issues during his negotiations with leading members of the Government
... is his view on the state of the Hungarian economy?-hvg-hu editor, Richard Hirschler asked Mr. Mody
government debt surged to record high, unemployment is increasing, and the budget deficit in the first two months reached
... the whole year. Prominent economists whose ideas are otherwise close to the present government’s philosophy, concluded in
... country has lost its earlier advantages compared to other new EU members, the old routine of paternalistic management is coming back

MTI Világ

Internetre tették az amerikai terror-vészforgatókönyveket

készülő tanulmányában, amely valamilyen véletlen folytán felkerült az internetre - írta szerdai számában a The New York
elrejtett kórokozókat. A helyiségeket bezárták, 800 embernek antibiotikumot ajánlottak, a későbbi vizsgálatok a The New York Times

hvg.hu English version

Tenth Budget Airline Starts Serving Budapest

British low cost carrier EUJet will start flights to Budapest on March 28, pushing the number of budget airlines serving
.... Observers say the market is approaching saturation point, while Europe’s low-cost giant Ryanair is yet to start service to
Budget airlines have become popular in Hungary in the past two years. Their popularity, which produced a total of 1 million low-cost
... 2004, however does not hurt the positions of traditional airlines. “Low-cost carriers are competition to traditional airlines, but
...,” said György Borsos, managing director of SkyEurope Airlines Kft, the Hungarian subsidiary of Bratislava-based SkyEurope Airlines. “

hvg.hu English version

Healthcare Fund Publishes Death Toll Rate

Approximately 19% of all patients who were hospitalized with a heart attack in Hungary died in the hospitals, the National
The OEP published figures on the death toll in hospitals without disclosing the names of the
... healthcare institutions and their death toll figures to professional bodies. According to statistics that was made public by the OEP
..., while their individual rates hover between 10% and 20%. The range of the death toll rate among Budapest-based healthcare

hvg.hu English version

Hungary Attracts A League Of Financial Co’s

Since Hungary entered the European Union last May, the number of foreign financial companies that registered in
According to the registry of the State Supervision of Financial Institutions (PSZÁF), the last financial
... member states and in Iceland, Norway and Liechtenstein. Budapest Bank Rt. aims to enter Poland and the Czech Republic, to sell
... the GE Money Bank network. CIB Bank Rt. first plans to enter Slovakia, aiming to participate in financing export of Hungarian goods and

hvg.hu English version

Farmers Stop Demonstration In Budapest

Farmers’ representatives signed an agreement with the Ministry of Agriculture and Rural Development in the Parliament
When signing the document, Ferenc Gyurcsány said he has good feelings about the agreement, which brought an end to three
...’ demonstrations in the Hungarian capital. Gyurcsány said he will submit a proposal at the next government meeting to
... the farmers. He added that the deal was made observing the limits of the central budget

hvg.hu English version

Inflation Drops To Record Low

Consumer prices rose 3.2% year-on-year in February, well below the rate expected earlier, the Central Statistics Office
.... Earlier forecasts by analysts put the rate of inflation between 3.5% and 3.8% in
Consumer prices rose 0.4% from January to February according to the statistics office. According to KSH, the last time
... low as 3.2% in Hungary was in June 1981. “In line with the expectations of the National Bank of Hungary, the
...,” National Bank Spokesman Gábor Missura said, commenting the KSH figures. He added that inflation follows the path

hvg.hu English version

FinMin Promises Tax Cuts

Finance Minister Tibor Draskovics said revenue-based local industrial tax will have to be eliminated on the long
The government can take just as much risk in its tax reform that does not jeopardize the balance of economic processes,”
... a conference organized by the National Federation of Employers and Manufacturers (Magyosz). Draskovics said at the event
... industrial tax will have to be terminated on the long run, and as a first step, it should be reduced and changed to be profit based in

hvg.hu Tech

Új cáfolhatatlan bizonyítékok a globális felmelegedésre

A Föld légkörének felmelegedését bizonyító újabb jelentés látott napvilágot, amelyben az American Association for the Advancement of
pusztulás figyelhető meg az élővilágban, s a természeti környezetben. Az American Association for the Advancement of Science a

hvg.hu Kult

A Millió dolláros bébitől a Maigret szerzőjéig

zenészekből álló The Tarantinos lép föl. Gazdag programajánlat ínyenceknek a
19.30 Pécsi Tavaszi Fesztivál - XIII. Pécsi Frankofon Hét The Tarantinos - Petőfi Csarnok A Sziget Fesztiválon már nagy sikert
... Tarantinos 3 év szünet után újra Magyarországra látogat. A The Tarantinos-t hét londoni zenész alkotja. Ihletőjük Quentin Tarantino és

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
Freyend said IVG has invested more than EUR 100 million in Budapest by building 65,000 square meters of real estate and the company
... 35,000 square meters by the end of 2007, with total investments exceeding EUR 150 million until then. Besides investment in Infopark
... Budapest. The building, called Krausz Palace, involves 5,000 square meters of exclusive office space and its tenants include Budapest

hvg.hu English version

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
public utilities and building permits. Budapest Airport originally planned to build its new cargo base on the area. Budapest Airport
... Hárskuti signed the contract after repeated approvals from Budapest Airport’s board and the board of State Privatization
... Airport’s owner. However, directly preceding the signing of the contract, Hárskuti received a letter from Márton Vági, CEO

hvg.hu English version

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
Rotary Rt. accounts for the vast majority of Hungary’s 1 million ton annual crude oil pumping business, and most of its HUF 9.3 billion
... subsidiary of MOL until then, because the oil company did not consider oil drilling among its core activities and the sale
... in 2004. However, since the transaction RMBK Kft., one of Tolnay’s two companies involved in the Rotary deal, has

hvg.hu English version

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
... III/III department – the bureau of the Communist regime’s secret agents – in
At that time, the state security bureau was operated by officers of the national police and were paid by the
... the network of secret agents, collected and analyzed information, coordinated the work of different groups of
... secret operations, and performed many other duties directly serving the orders of the Communist regime’s political

hvg.hu English version

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
... simplified entrepreneurial tax as of 2006. Plans include a total restructuring of municipal financing as of 2007, said László Akar, chairman of
While keeping the current 15% simplified entrepreneurial tax (EVA), the committee suggests to introduce a new, lower
... companies with operating costs lower than 40% of their revenues within the EVA scheme. Likewise the currently flat
... brackets. Corporate profits for up to HUF 5 million will be taxed at 10%, while profits exceeding the limit will be taxed at 16%, which

hvg.hu English version

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
politicians and journalists, and informed them of the company’s development plans in Bucharest and other cities. In downtown
..., hotels and parking garages. At the spectacular VIP party, TriGránit part-owners Peter Munch and Lord Nathaniel Rothschild announced
... Romania as the new eastern gate of the European Union. According to written materials distributed to the

hvg.hu English version

Hungary Goes Digital

The Hungarian government has approved a proposal on the strategic aims and government tasks related to the
The advantages of digital TV broadcasting and the currently ongoing developments in the field of digital
... prompted the Hungarian government to start preparations for the changeover, said the Ministry of Information
... approved proposal, the government will primarily focus on completing the legislative work necessary for the

hvg.hu English version

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
operates 42 branches, a number the bank considers low. Besides opening new branches, Erste will expand also through Magyar Posta Rt.’s
... to a latest cooperation agreement the two companies made, Erste will be allowed to sell its current account, credit card, investment
... services through Magyar Posta’s post offices across the country. The services are currently available in 20 post offices

hvg.hu English version

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
Hungary’s foreign trade deficit was smaller in 2003 than in the previous year, GKI said in its most recent report, adding that
... driven by export and investments in 2004. Due to uncertain growth prospects in Western Europe, the rate of investments could slow in
.... Real wages grew 1% in the private sector and fell 5% in the public sector last year. The latter is partly

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Közbeszólt Bill Viola halála – a budapesti megnyitón már nem tudott ott lenni a világhírű videóművész

Közbeszólt Bill Viola halála – a budapesti megnyitón már nem tudott ott lenni a világhírű videóművész

Az SPD szerezte a legtöbb szavazatot a hamburgi tartományi választásokon

Az SPD szerezte a legtöbb szavazatot a hamburgi tartományi választásokon

Szijjártó azt írja, Lavrov szerint ukrán támadás indult a Török Áramlat ellen

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Történelmet írt egy amerikai cég, azzal, hogy sikerült eljutniuk a Holdra

Történelmet írt egy amerikai cég, azzal, hogy sikerült eljutniuk a Holdra

Változás jön a foci szabályaiban, a kapusoknak kell majd jobban figyelniük

Változás jön a foci szabályaiban, a kapusoknak kell majd jobban figyelniük

Nagyon kikapott a Fidesz jelöltje Pápán az időközi választáson

Nagyon kikapott a Fidesz jelöltje Pápán az időközi választáson

Miért teszi rosszul, aki most jobban fél a repüléstől?

Miért teszi rosszul, aki most jobban fél a repüléstől?

Elvitelre #108: Pénzeső és ukrán menekültek Magyarországon

Elvitelre #108: Pénzeső és ukrán menekültek Magyarországon

Az ügyfelek is megérezhetik, hogy új eszközöket kapnak a mobilszolgáltatók

Az ügyfelek is megérezhetik, hogy új eszközöket kapnak a mobilszolgáltatók

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