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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

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

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Élete legintenzívebb szexuális élményét élte át, miközben fizikailag megsemmisítette a családját

Élete legintenzívebb szexuális élményét élte át, miközben fizikailag megsemmisítette a családját

Rossi: A helyzetkihasználással volt a gond, más problémánk nincs

Rossi: A helyzetkihasználással volt a gond, más problémánk nincs

El fog tűnni egy alapfunkció a telefonjáról

El fog tűnni egy alapfunkció a telefonjáról

Orbán Viktor és Menczer Tamás is fontosnak érezte, hogy bevédje Böde Dánielt

Orbán Viktor és Menczer Tamás is fontosnak érezte, hogy bevédje Böde Dánielt

Hankó miniszter szerint csudajó fiatalnak lenni ma Magyarországon. De tényleg az?

Hankó miniszter szerint csudajó fiatalnak lenni ma Magyarországon. De tényleg az?

Látványos kitérő: kerékpáron a Duna és az Alpok között

Látványos kitérő: kerékpáron a Duna és az Alpok között

Így okozhatnak mérgezést és rákot a hétköznapi kozmetikumok

Így okozhatnak mérgezést és rákot a hétköznapi kozmetikumok

Háromszáz klímás busz áll készenlétben arra az esetre, ha újra összeomlana a vasúti közlekedés

Háromszáz klímás busz áll készenlétben arra az esetre, ha újra összeomlana a vasúti közlekedés

Az Európai Gyógyszerügynökség szerint ritka esetben látásvesztéshez vezethet az Ozempic használata

Az Európai Gyógyszerügynökség szerint ritka esetben látásvesztéshez vezethet az Ozempic használata

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