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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

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

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Így okoz rákot az alkohol

Így okoz rákot az alkohol

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Balhé volt az alsó-szászországi szórakozóhelyen, a feltételezett elkövető a rendőrökre is rátámadt, akik lelőtték

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A nyuszi aranyrekordot tojt, kemény forintot és csúszó olajárat

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Orbán és Babis példája: a különbség drámai – nemzetközi lapszemle

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Lakossági tudatosság: akár harmadával is csökkenthetnénk a vegyes kukánk tartalmát

Lakossági tudatosság: akár harmadával is csökkenthetnénk a vegyes kukánk tartalmát

Magyarország tökéletes hely arra, hogy kínunkban röhögjünk  

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