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hvg.hu English version

Hungarian Accused Of War Crimes

The Budapest Military Prosecution started an investigation against Charles Zentai, 86, a Hungarian living in Australia, with charges of
Chance,” the Center collects documents on alleged war criminals and sends them to the foreign ministries of
... Foreign Ministry sends the documents to the prosecution, which decides whether an investigation is necessary. Several
... Nov. 8, 1944 Zentai, with other soldiers, tortured, killed and then threw into the Danube an 18-year-old man, of probably Jewish

hvg.hu English version

OECD Criticizes Bank Sector

The Organization of Economic Cooperation and Development (OECD) stated in its recent country report that the Hungarian bank
... profitable compared to other EU members and the discrepancy calls for scrutiny both from legislation and market authorities
In reaction to the OECD’s opinion, Hungary’s State Supervision of Financial Institutions (PSZÁF) stated that the market
... profitability rate of Hungarian banks exceptional. According to PSZÁF, Hungarian banks produced 18% return on assets in 2003, exceeding
...% in new member states and 10% in old member countries, however the Hungarian figure pales to the 15%–20% return banks

hvg.hu English version

OTP CEO Buys Advertising Group

OTP Bank Rt. Chairman and CEO Sándor Csányi is believed to have acquired a 75% stake in Multireklám Outdoor Media Agency Rt., a major player on
Multireklám Rt. was founded in November 2004 as a result of the merger of outdoor advertising firm Multireklám Kft., indoor advertising
... Indoor Media Kft., integrated advertising and marketing company M-Csoport Holding Kft. and telemarketing company Bell Telemarketing Kft.
... of the ownership change is under way, HVG has learnt. Most recent registry data show that Multireklám Rt.’s owners are János Sopronyi

hvg.hu English version

PM Appoints Monetary Council Members

Prime Minister Ferenc Gyurcsány named four new members to the monetary council of the National Bank of Hungary (MNB
... amendment to the Central Bank Act in December 2004 that allows the PM to add members to the main decision
Of the four new members, two, Tamás Bánfi and Csaba Csáki, are department heads of Corvinus University. The third new
... Research Rt., was nominated to be the fourth new member of the council. Neményi worked at the MNB until 2001
... dismissed her. If President of the Republic Ferenc Mádl approves the nomination, the number of monetary

hvg.hu English version

Hospitals Choose Corporate Status

The Budapest Mayor’s Office approved requests from two hospitals to transform into public benefit companies (Kht.), a status giving them
Following the example of Budapest-based Schöpf-Merei Hospital, which turned into a Kht. in December 2004, now Budai Pediatric Hospital
... Szolnoki told HVG, adding that the Kht. form is suitable for involving private investors. As a result of the change in
... anticipates that HUF 800 million will be invested into Schöpf-Merei in the near future. Likewise, private investors are expected to

hvg.hu English version

Hungexpo Privatization Nears End

Three bids have been submitted for the privatization of a majority stake in Hungexpo Rt., a state-owned trade fair and event organizing
Out of six contenders, three consortia gave bids for Hungexpo by the Jan. 11 deadline, suggesting that the government
... after having tried to do so for about a decade. French fair organizing firm GL Events – the sole bidder in the last
.... Another local investment company, Wallis Rt., selected British fair organizing firm Expomedia Group Plc. as a new partner in its consortium for

hvg.hu English version

Gov’t Hikes Electricity Prices

Electricity prices will increase between 4.3% and 12% as of Feb. 15, according to a government decision that aims to support the
Under heavy pressure from the Parliamentary group of the Hungarian Socialist Party (MSZP), the government
... price scheme that introduces special tariffs for the poor and hikes prices for corporate customers and well-to-do residential users.
... socially friendly tariffs and is not expected to burden the tight central budget. The resulting pricing regime includes

hvg.hu English version

State Pays For Bad Housing Loans

The Hungarian state will bail out debtors who have not paid their installments for at least six months on their housing loans taken
Thus the government applies a state guarantee granted in 1992, and will pay OTP Bank Rt. for the bad loans. In a
... receive compensation for the due capital, interest and other fees. In 2005, the state will pay for bad loans with less
.... Next year, OTP will be compensated for its non-performing loans ranging from HUF 100,000 to HUF 200,000 in outstanding capital, while in 2007

hvg.hu English version

Opposition Party In Large Makeover

Largest opposition party Fidesz has been losing ground since the unsuccessful referendum in December 2004. However, the
... as the governing parties suggest. While Fidesz leader Viktor Orbán is seen weakening, allegedly he is working hard in the
By the turn of 2004 and 2005 governing party MSZP has come close to Fidesz in popularity figures, however, the opposition
... strengthen its support. The latest polls by Medián already show Fidesz gaining support again. Signs that Fidesz could be puzzled by
... surfaced when rightwing papers discussed at length that Fidesz’ headquarters took over control of communication issues from the party’s

hvg.hu English version

Chinese Imports Destroy Local Clothing Industry

Producers of branded goods for exports are the only local clothing manufacturers that can expect to survive the boom of
The EU is planning to introduce a preliminary monitoring system on Chinese shoe imports, similarly to clothing imports, after
... Organization (WTO) has put an end to the import quota system that was in place for almost 40 years. Importers will need to ask for a
... they will automatically receive it. “The monitoring system will serve to provide preliminary statistics to the EU, so that

hvg.hu English version

Hungary Mulls Road Tolls For Foreigners

Well ahead of the tourist season, the Finance Ministry plans to introduce road tolls for cars with foreign license plates
The costs of maintaining roads are paid by Hungarian taxpayers, while the number of foreign vehicles using
... [owners of] these vehicles start contributing to the expenses,” Finance Ministry Spokesman Ferenc Pichler said. The
... tens of billions of forints in state revenues from the road tolls. Most likely, drivers will have to pay the road toll

hvg.hu English version

Minister Keeps Party Job

On February 14, the beginning of the sessions at Parliament, István Hiller will resign from his post as Culture Minister
Hiller announced his move at the MSZP’s kick-off assembly for 2005, saying that he will be a full-time president focusing all his
... helping the MSZP win elections in 2006. He added that the current government has highest chances to be re-elected of all
... announced that 2005 will be devoted to preparation for the elections, and the MSZP headquarters starts to operate under a

hvg.hu English version

Interview With Finance Minister Tibor Draskovics

Tibor Draskovics (49) is not satisfied with the performance of his ministry. However, he believes spending can be curbed
collect all revenues. As part of the latter effort, we applied special scrutiny before paying VAT reclaims. “What should a government
... sees that revenues are a way under the level expected earlier, and there’s no explanation for that? Until the EU accession
... VAT reclaims, and only paid the due sum after the National Tax Office (APEH) established that all the

hvg.hu non-base

EU Tells Hungary To Curb Deficit

The Hungarian government should return to the deficit-cutting program it submitted to the EU last May, said
The Finance Ministers’ warning reaffirmed the European Committee’s (EC) country report of Dec. 22, 2004, which predicted
... budget deficit in 2004 will be 0.9 percentage points higher than the government’s target at 4.6% of GDP. The EC said
... measures to bring budget deficit under 3% of GDP by 2008, a condition of entering the euro zone in 2010. On the proposal

hvg.hu English version

Minister Expects Record FDI

Economy and Transport Minister János Kóka estimates the amount of foreign direct investment (FDI) in Hungary to reach EUR 3.5 billion in
... forecast will be matched by statistic figures, 2004 will be the second most successful year – after 1995 – in Hungary’s history of
“We’ve got started,” said Kóka, commenting official FDI figures for the first three quarters of 2004. In Q1–Q3 2004 Hungary lured EUR
..., EUR 500 million more than a year earlier. For 2005, Kóka forecasted 20% increase in the amount of foreign capital invested in
... companies that already pledged to invest a total of EUR 1.5 billion in Hungary. The government will grant support to the

MTI Világ

A Pentagon új hírszerző részleget hozott létre

Új hírszerzési részleget hozott létre az amerikai védelmi minisztérium, hogy csökkentse a Központi Hírszerző Ügynökségtől (CIA) való függőségét
honlapján közzétett állásfoglalásában. A The Washington Post úgy tudja, a hírszerző részleget források átcsopor-tosításával, a

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Izrael meghosszabbította volna a tűzszünet első szakaszát, a Hamász nemet mondott

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Szédítően szép helyeken vannak meglehetősen rosszul – itt vannak a gazdaggyűlölő filmek, és az emberek imádják

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Putyin észak-koreai pártfunkcionáriust fogadott Moszkvában

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Konyec filma, ivadék – így ül tort Zelenszkij megalázásán a kormányzati propaganda

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A Tindernél meg a Facebooknál valójában sokkal jobb online helyek is vannak a valódi ismerkedésre

A Tindernél meg a Facebooknál valójában sokkal jobb online helyek is vannak a valódi ismerkedésre

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