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hvg.hu English version

Committee Halts Mega Train Purchase Deal

The State Procurement Arbitration Committee forbade Hungarian State Railways Rt. (MÁV) to sign a contract with a consortium of Swiss
The Committee canceled the deal five days after MÁV announced the consortium won the state
... motor trains and an option for another 30 vehicles. Bombardier Transportation GmbH, a German-Canadian runner up to the Swiss-Hungarian
... complaints that MÁV, which started its tender procedure last April, made changes to its evaluation criteria in the course of

hvg.hu English version

Advisor Appointed To State Electricity Works

András Fabriczki, a former treasurer of senior coalition party MSZP and government commissioner of the Healthcare Ministry, was
MVM. The move will be made possible by amending the 2001 Act on Electricity this year. The
... As of April 1, Fabriczki replaces Imre Karl, a former MSZP MP, who became strategic director of the national electricity wholesale
... appointed to the company’s board. Fabriczki was hired as an advisor to network director Gábor Tari and CEO István Kocsis, who was

hvg.hu English version

Gov’t Saves On Home Loan Financing

In February, the Hungarian state stopped pre-financing subsidized home loans to banks, saving more than HUF 10
In a bid to reduce burdens of the central budget, the government changed the timing of paying state subsidies
... financed the state subsidies on home loans in Hungary. Previously, the state budget transferred the interest
... every month. In February, the government said from then on it will transfer the interest payment subsidy to banks only at

hvg.hu English version

SZDSZ Reelects Chairman

Representatives of junior coalition party SZDSZ – Hungarian Liberal Party voted to reelect Chairman Gábor Kuncze (55) at the party’s
representatives’ votes. The third candidate, MP Zoltán Kis received 47 votes, while Kuncze got 447. Fodor sharply
... Kuncze’s main rival Gábor Fodor (43), who promotes a change of generations among SZDSZ leaders, managed to collect close to 30% of
... hard enough for the positions of health, justice and finance ministers when SZDSZ formed a coalition government with Hungarian

hvg.hu English version

Brussels Gives Green Light To Bourse Deal

The European Committee (EC) last Tuesday approved Austrian financial institutions’ acquisition of a majority stake in Hungary’s Budapest
The deal came under a competition review by authorities in Brussels due to the market size of
... Commodities Exchange (BÁT), but immediately sold 68.8% in order to avoid a compulsory takeover bid required by law. The
..., led by HVB Bank Hungary Rt., bought a 68.8% stake in BÉT from financial investors in May 2004. HVB last year also bought a 75% stake

hvg.hu English version

No Progress On Secret Agent Law

Parliament last Tuesday finished its general debate on the draft law governing treatment of data on secret agents of the
.... However, governing parties MSZP and SZDSZ could not reach agreement over the draft
SZDSZ MPs Imre Mécs and Gábor Fodor both have submitted amendments and started negotiations with the Socialists in order to convince
...-vote scheduled in two weeks. Early last week it was revealed that several former secret agents of the Interior Ministry’s former
..., which was dismissed in February 1990, remained in service and made it to influential state positions. József Horváth, who acted under

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
be loosened without creating any damaging economic processes. The modifications were urged by necessity, as some new and
... reforms and reduce public sector deficit to the level required by the EU. Countries that are already
... In recent months analysts have been involved in a Europe-wide debate whether strict rules guarding financial stability and the value of

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
in the company, and made a bid for stakes held by minority owners at a price of EUR 2.20 per share.
... 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

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
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
grand-scale performances for the 25th Festival. The organizing company counted the biggest coup
... led by Hungarian conductor György Solti, in the program. Another, partly local, grandiose performance is expected from
... exhibition in the Museum of Fine Arts, which was widely publicized by the participation of newly appointed

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
... is concerned, the Hungarian Republic today applies the same status to people convicted for spying after 1963 as
..., people charged with spying could not hire their own lawyers, but had to select from a list of lawyers approved and trusted by

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
book that was used by the central unit of the III/III department in 1989. The booklet includes
... 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

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
All these positive changes were strengthened by the EU accession process. However, the economy is now
... – as was confirmed by senior government and central bank officials – that the country should focus again on raising
... objectives but also the country’s efforts to join the euro-zone by 2010 under the so-called

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
... airline Malév in an e-mailed statement. Malév’s market assessment is echoed by executives of budget airlines. “We are generating new

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
healthcare institutions and their death toll figures to professional bodies. According to statistics that was made public by
... The OEP published figures on the death toll in hospitals without disclosing the names of the
..., 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

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Rázuhant egy 320 kilós szikla, de a haja szála sem görbült egy alaszkai turistának

Rázuhant egy 320 kilós szikla, de a haja szála sem görbült egy alaszkai turistának

Több közös van a pápaválasztásban és a magyar oktatásban, mint gondolnánk

Több közös van a pápaválasztásban és a magyar oktatásban, mint gondolnánk

BMW, Mercedes, VW: külön vámmegállapodásért lobbiznak Amerikában

BMW, Mercedes, VW: külön vámmegállapodásért lobbiznak Amerikában

Kilenc autó ütközött az M7-esen

Kilenc autó ütközött az M7-esen

Soha nem született annyira kevés magyar gyerek, mint idén áprilisban

Soha nem született annyira kevés magyar gyerek, mint idén áprilisban

„Az oroszoknak nem sürgős a háború befejezése” – interjú Ugrósdy Márton helyettes államtitkárral

„Az oroszoknak nem sürgős a háború befejezése” – interjú Ugrósdy Márton helyettes államtitkárral

Kalinyingrádban házkutatást tartottak több, politikai ügyekben eljáró ügyvédnél, egyiküket hazaárulással is meggyanúsították

Kalinyingrádban házkutatást tartottak több, politikai ügyekben eljáró ügyvédnél, egyiküket hazaárulással is meggyanúsították

Marabu Féknyúz: Pöttöm eltérés

Marabu Féknyúz: Pöttöm eltérés

Vitézy Dávid a BKV-botrányról: MSZP–Fidesz-összeborulást láthatunk

Vitézy Dávid a BKV-botrányról: MSZP–Fidesz-összeborulást láthatunk

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