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English version

EU Loosens Scrutiny

The council of EU Finance Ministers made a decision late Sunday night, which could be extremely important for Hungary. The
... certain requirements of the stability and growth pact of EU member states. The council accepted a Hungarian proposal to
In recent months analysts have been involved in a Europe-wide debate whether strict rules guarding financial stability and the value of
... be loosened without creating any damaging economic processes. The modifications were urged by necessity, as some new and old member
... member states executing pension reforms from meeting budget deficit requirements for five years. Joaquín Almunia, the European Council

English version

Matáv Takes Loan From Parent Co.

Hungary’s dominant telecom player Matáv will take a HUF 28 billion loan from parent company Deutsche Telekom. The loan will help finance
... acquisition of a 51.12% stake in Telekom Montenegro, the leading telco player of Montenegro
The forint-denominated loan with floating interest rate will mature in 2009. The interest rate is 34 basis points above
... rate at which Hungarian banks exchange debt. Other conditions of the loan are similar to those of other loans Matáv took from Deutsche
.... Matáv announced in mid-March that it pays EUR 130.7 million for a 67% stake in Telekom Montenegro. The Hungarian telco made an

English version

FinMin Tipped Capping Ministry Expenditures

increase in the central budget deficit, according to a Central East European regional survey published by London-based investment bank
Citing information obtained from local reports, DrKW said the Finance Ministry is mulling a proposal that aims to limit development
... government ministries to 35% of their planned budget in the first half of 2005. The report adds that at a recent
... Draskovics hinted that certain expenditures could be capped. Draskovics, however, said the government cannot make an informed decision

hvg.hu English version

Budapest Spring Festival Expects Record Crowd

With a HUF 1 billion – larger than ever before – budget, the 25th Budapest Spring Festival aspires to attract a record crowd
... three large-scale art exhibitions with the Festival to make sure the attendance record is
Budapest Festival Center Kht., the public benefit company in charge of organizing programs of the Budapest Spring
... grand-scale performances for the 25th Festival. The organizing company counted the biggest coup by including
... led by Hungarian conductor György Solti, in the program. Another, partly local, grandiose performance is expected from the

hvg.hu English version

Hvg.hu Tracks Down Capitalist Secret Agents

At the height of the ongoing frenzy surrounding the past of Hungary’s Communist secret agents, hvg.hu has
expect to be rehabilitated under the current democratic system in Hungary. The list published by hvg.hu includes people
... spied on the former Communist regime in Hungary. Some consider them traitors, while others call these people heroes. As far as
... is concerned, the Hungarian Republic today applies the same status to people convicted for spying after 1963 as

hvg.hu English version

Phone Book Of Communist Agents Found

The sophistication and diversity of Hungary’s state security system has started to become apparent to ordinary people only recently
... involved secret networks, relationships with people outside the official networks, and the secret operative staff of
While ordinary people in Hungary waited decades before they received a telephone line, the Interior Ministry’s III/III department
... telephone network connecting the central offices with local bureaus, border crossing stations and local party offices. Besides
... network, the III/III department also staffed the system with people who answered the phones day and night

MTI Világ

Sokkot és egyetértést váltott ki Wolfowitz világbanki jelölése

élére. A The New York Times például a miniszterhelyettes iraki háborúval kapcsolatos baklövéseire emlékeztet, míg a The
A The New York Times szerkesztőségi kommentátora úgy vélekedett, hogy Paul Wolfowitz jelölése a Világbank élére a nemzetközi közösség
... a fegyverzetellenőrzésben kell keresni, hanem a szegénység mérséklésében és a gazdasági fejlődésben is. A The Washington Post
... felkészülést adott védelmi miniszterhelyettesi tisztsége - írja a lap. A konzervatív The Wall Street Journal szerkesztőségi

Itthon

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

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Oroszlán marcangolt szét egy tizennégy éves lányt Kenyában

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