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hvg.hu English version

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
EU finance ministers have agreed that member states cannot omit any budget expenses from their deficit calculations, regardless of the
... the state expenditure. However, when the European Committee (EC) starts proceedings against countries with budget deficits
..., costly reform projects such as pension and healthcare reforms will be judged more favorably than other state projects as they help the

hvg.hu English version

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
The unions, which represent 90% of BKV’s 12,600 workers, originally threatened the municipal transport company with a
... public transport service Tuesday morning, if their demands are not met. The strike would have been the most severe in
... demanded a HUF 20,000 gross monthly wage increase on the HUF 170,000 average monthly gross wage of BKV employees. The

hvg.hu English version

Farmers To Demonstrate In Budapest

The National Federation of Farmers’ Cooperatives and Farmers’ Groups (Magosz) will demonstrate with hundreds of tractors on Budapest’s
... tér on Monday, followed by a protest against the Agriculture Ministry in front of the Ministry’s building on Kossuth
Magosz postponed its demonstration originally scheduled for Feb. 17, Friday, because other groups, namely the Pig Breeders’
... Movement of Hungarian Farmers and Consumers and the Biokultúra Association, received right to hold a protest event on that day. All
... of payments of EU funds to agricultural producers and the speeding up of state purchases of surplus wheat. However, the

hvg.hu English version

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 Hungarian forint remains strong at that level, the National Bank of Hungary (MNB) could lower its central deposit rate
..., regional analyst of UBS, echoed Groenenberg’s optimism and said he expects a 50 basis point rate cut before the end of
... coming in March. If the rate of inflation falls by one percentage point from the current level by year end, then

hvg.hu English version

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
The committee promises to set the framework of overall tax changes that will take effect in 2006 and 2007
... Fidesz urges tax cuts as early as July 2005. While the overall reform is in an embryonic state, HVG has learnt that ideas are probably
... in the field of VAT (ÁFA). However, EU rules make it harder to reform VAT laws than other tax regulations. EU laws allow member states

hvg.hu English version

Socialists Water Down Secret Agent Law

Majority coalition party MSZP retracted its originally brave proposal on publicizing the list of former secret agents of
... handed in a draft law that brings hardly any changes in current laws on uncovering sinners of the
The Socialists’ retreat is allegedly due to a wave of anonymous letters, most likely written by former communist secret agents
... secret from publicity. Initially, MSZP proposed to make public the personal identification data of every former secret agent
... other employees of the Interior Ministry’s No. 3 division. However, the latest proposal calls for publicizing data only on

MTI Világ

Barroso választ vár Bushtól

vagy fenyegetésként tekint-e az egységes Európára" - mondta Barroso a The Wall Street Journal című amerikai lap európai kiadásának

MTI Világ

Harminc kiló plutónium "hiányzik" egy brit atomlétesítményből

Harminc kilogrammnyi plutónium "hiányzik" a legnagyobb brit nukleárishulladék-feldolgozóból - írta csütörtöki számában a The Times
összesítésekben "nem szokatlan" az ilyen kimutatási hiányok felbukkanása. Ezt megerősíti a The Times is, amely szerint Sellafieldben
... plutónium általában nem egyezik a becsülttel, de az eltérés ritkán olyan nagy, mint az idei kimutatásban - áll a The Times cikkében

hvg.hu English version

Arms Maker Closes Shop

The Budapest Metropolitan Court ordered the final liquidation of Fégarmy Arms Manufacturing Rt., Hungary’s last gun
Following some unsuccessful privatization attempts, formerly state-owned Fégarmy was sold to the owner of the adjacent
... Pharmaceuticals Wholesale Rt. in 2003. Fúzió-Pharma planned to build a 16,000 square meter warehouse on Fégarmy’s land, but the project
... necessary building permits on time. The project was originally intended to help finance the repayment of loans. According

hvg.hu English version

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
... brutally murdered in Horgos, Serbia, at the end of January. The man is believed to have connections with the
National Police Spokesman László Garamvölgyi said the report was finished last Tuesday on request by he Serbian police. He denied news
... the Serbian press claiming that authorities have identified the murderer. Still, Serbian press reports said, citing
... massacre was committed Ukrainian or Montenegrin criminals on request from Hungarians. The Szalma family owned properties in Szeged and

hvg.hu English version

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
Party (MSZP), acted fast on the protection, because the area will soon be rehabilitated in a giant real estate project
... project will create a walkway area ranging from Madách tér to the Nagykörút, and many buildings will be demolished in the
... Hiller will give the buildings in question the strongest possible protection by declaring them historic monuments. Most of

hvg.hu English version

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
... tenders for communication drives to the tune of HUF 2 billion to be spent before the next elections in May
While Gyurcsány’s cabinet scaled down activities announced by its predecessor, it plans to spend more to communicating fewer activities in 2005
... million on communication campaigns related to Hungary’s membership in the EU, an amount unchanged from 2004. In January, however
... public procurement tenders for communication, spending HUF 1.725 billion on the campaigns, being led by Viktor Szigetvári

hvg.hu English version

Semi-Private Co. To Build Motorways

The Hungarian government has decided to outsource motorway building to State Motorway Management Rt. (ÁAK) in
The move allows the government to place the costs of motorway building outside the public
... revenues from outside the state budget, namely from road tolls. In future, the Hungarian government will pay service fees
...) soon will hand over its contractual obligations to ÁAK, which in turn will pay HUF 137 billion into the state budget this year. ÁAK

hvg.hu English version

EU Warns Hungary To Catch Up

The European Committee (EC) started proceedings against the Hungarian government for a delay in adopting a number of EU
... Hungarian citizens and businesses in exercising their newly acquired rights in the
While the Hungarian government takes a firm stance in the EU’s debate over protection of minority rights, Hungarian
... informed whether the new Hungarian law corresponds to EU legislation. For the non-compliance, Hungary might have to pay a
... rights, however, is only one of the two dozens of issues that Hungary needs to regulate according to EU legislation. A small part of EU

MTI Világ

A Hezbollah likvidálná Mahmúd Abbász palesztin elnököt?

palesztin megbékélést célzó politikáját - írta a The Sunday Telegraph palesztin biztonsági forrásokra hivatkozva
e csoportok befolyása ellen, vagyis az államfő "veszélyes ösvényre lépett" - mondta a palesztin tisztviselő a brit lapnak. A The

hvg.hu English version

Foreign Funds Bullish On Hungary

Foreign institutional investors bought HUF 1.5 billion-worth U.S. dollar-denominated 10-year Hungarian government bonds last week, three times as
“This is phenomenal,” said László Búzás, deputy-CEO of ÁKK, commenting that demand 6.5 times exceeded the HUF 500 million-worth bonds
... originally offered in the transaction. Seeing the demand, the ÁKK allowed that the bonds, which
..., be oversubscribed by three times. The demand for the bonds shows that foreign institutional investors disregard

hvg.hu English version

Car Dealers Attack Registration Regulation

The National Association of Hungarian Car Dealers (MGOE) is suing the Hungarian state for applying different taxes on new
The association says the law on car registration taxes are discriminative and violate EU rules on internal markets
... reasoning, the registration tax is levied per units with no regard to the amortization level of the different
... imported from EU member states higher than the prices of cars sold domestically. MGOE’s motion is not supported by either

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Bejelentette Trump, hogy stratégiai tartalékalapot hoz létre kriptovalutákból, meg is lódult a bitcoin árfolyama

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Zelenszkijnek helyre kell állítania a kapcsolatát Trumppal a NATO-főtitkár szerint

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Két nézőpont egy kávé mellett: Így simíthatók el a konfliktusok

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A legkisebb és legolcsóbb új BMW: teszten a spórolós 120d és a sportos M135

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