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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

hvg.hu English version

Minority Hungarians Form New Body

Under the name of “Forum for Minority Organizations of Hungarians Abroad”, a new body was formed by Hungarian political parties active
The meeting was organized by József Kasza, minority leader of Hungarians in Serbia, and Béla Bugár, leader of Hungarians living in
... focused on the issue of dual citizenship that recently failed in a referendum in Hungary. Participants of the meeting
... representatives of the Hungarian Democratic Alliance of Romania, requested the Hungarian government to call for

hvg.hu non-base

PM Increases Consulting Staff

Prime Minister Ferenc Gyurcsány has further increased the number of consultants serving
Following the establishment of six consulting bodies with a total of 54 members last November, Gyurcsány appointed Zsolt Érsek, Mayor
... his advisor on municipal issues. Érsek was one of the speakers calling supporting Gyurcsány’s nomination for PM at the
... municipalities. Gyurcsány appointed Ferenc Wekler, a prominent SZDSZ member and a recently resigned deputy chairman of the House, as

hvg.hu English version

EU To Form Uniform Rule On Car Registration Tax

In a draft proposal to go in front of the European Parliament, the European Committee (EC) plans to uniform
Ten out of the 15 incumbent states, and four of the ten newly joined countries levy a registration tax on every car that
.... According to the EC members behind the draft proposal, such registration taxes distort the market and harm
... their prices from country to country depending on the registration tax, or the lack of it. In the case of

hvg.hu non-base

Towns Vie For Cultural Capital Title

Eleven Hungarian cities have submitted applications for the title of Europe’s Cultural Capital in 2010. The potential
December 31st was the deadline for submitting the tenders for the title of Europe’s Cultural Capital, and
... – Kaposvár, Sopron, Győr, Székesfehérvár, Veszprém, Eger, Pécs, Debrecen, Kecskemét, Miskolc and Budapest – can be the winner
... EU will provide €200,000–€1 million for the winner, furthermore, the town that receives the title can hope

hvg.hu English version

Tourism Numbers Decline

Hungary’s tourism revenues fell 30% last year, while hotel bookings reached record heights. Central funding for tourism has recently been scarce, but
Revenues surplus in tourism dropped 32% to €647 million in the first nine months of 2004, according to recent figures from
... Hungary. At the same time, hotels received 10% more visitors than a year before, and all Budapest hotels were fully booked at New
...’ revenues surged 13% in 2004. “Following four years of drop, the occupancy of hotels started growing; it reached 47.7% last year,” said

MTI Világ

Bush szerint az amerikaiak jóváhagyták iraki politikáját

felelősségre vonására a háború előkészületei során vagy következményeinek kezelésekor elkövetett hibákért - írja a The Washington
hozzá. A The Washington Post megjegyezte: az évtizedek óta első demokratikus iraki választások előtt két héttel semmi jele annak, hogy

hvg.hu English version

Gov’t Hikes Drug Prices

Health Minister Jenő Rácz announced that the government will not raise prices of about 6,000 types of prescription
respectively. Pharmaceutical producers have agreed to reduce prices of more than 20 types of drugs. According to an agreement between
... drugmakers, the deficit of the National Health Fund’s HUF 284 billion budget in 2005 will be jointly covered by
... to the practice in 2004. Prices of about 3,000 non-reimbursed OTC drugs will be raised by 4.5% on average. Prices of this type of

hvg.hu English version

State Airline Gets No Bailout

Malév Hungarian Airlines Rt. will receive neither a capital raise nor other forms of subsidies from its 99.95% owner, the State
A government decree passed in December 2003 promised a HUF 3 billion capital raise for ailing state-owned airline Malév. The capital
... called a “support from the owner,” however the ÁPV recently decided that Malév is not entitled to government support. In
..., the ÁPV found undervalued assets, which, if valued correctly, can be used to consolidate Malév. The airline has recently

hvg.hu English version

K&H Ordered To Compensate Clients

The arbitration court of the stock exchange ruled that K&H Equities Rt. has to pay Budapest’s District 10 Municipality HUF
According to the decision, the brokerage will have to pay District 10 HUF 2.8 billion for its lost deposit and HUF 600
... payments within 15 days. Owned by Hungary’s second largest retail bank K&H Bank Rt., the brokerage suffered HUF 20 billion losses from
... broker Attila Kulcsár last year. Originally, the brokerage denied paying District 10 compensation because it claimed that

hvg.hu English version

Hungary Supports EU Constitution

Hungary became the second EU member state that supports creating an EU constitution after Parliament approved an international treaty
The treaty, which unifies previous agreements within the EU, clarifies responsibilities between the European
... the rights of EU citizens, were supported by most MPs of both Hungarian coalition parties and major opposition party Fidesz, while
... opposition party MDF abstained from the vote. Parliament also passed an explanatory addendum to the treaty’s section on

hvg.hu English version

Constitutional Court Takes Anti-Drug Stance

Hungary’s Constitutional Court made anti-drug legislation stricter when it invalidated some paragraphs of the Penal Code
The Constitutional Court invalidated some paragraphs of the Penal Code that were introduced by the Péter
.... The Court’s move reinstated the Penal Code’s previous tough stance against drug use, leaving no way for education, but
... government’s policy on drugs has not changed and it doesn’t want to return to the unacceptable policy of the conservative

hvg.hu English version

Hungary Wins Tokaji Case

As of 2007, Italian winemakers will not be allowed to use the Tocai names on their wines, and will have to give way to Hungary’s Tokaji
A proposal by Francis Geoffrey Jacobs, chief judge of the European Court, favors Hungarian winemakers, who clashed with their Italian
... over the use of the Italian Tocai and the Hungarian Tokaji wine types. The Hungarian reasoning
...,” a northeast Hungarian town) denotes a region, whereas the Italian Tocai name indicates the type of grape wine is made

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Kijöttek a végleges uniós GDP-adatok, Magyarország a sereghajtók között

Kijöttek a végleges uniós GDP-adatok, Magyarország a sereghajtók között

Megtiltotta tizenkét ország polgárainak Trump, hogy beutazzanak az Egyesült Államokba

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