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hvg.hu English version

Farmers Stop Demonstration In Budapest

Farmers’ representatives signed an agreement with the Ministry of Agriculture and Rural Development in the Parliament
be available for individual claims until it will be used up entirely. Another point of the deal doubled the grace period
... whose farms were hit by draught and freeze in 2003. “Three weeks of negotiations have shown that the farmers had rightful
... When signing the document, Ferenc Gyurcsány said he has good feelings about the agreement, which brought an end to three

hvg.hu English version

Inflation Drops To Record Low

Earlier forecasts by analysts put the rate of inflation between 3.5% and 3.8% in
...Consumer prices rose 3.2% year-on-year in February, well below the rate expected earlier, the Central Statistics Office
Consumer prices rose 0.4% from January to February according to the statistics office. According to KSH, the last time
... low as 3.2% in Hungary was in June 1981. “In line with the expectations of the National Bank of Hungary, the
...,” National Bank Spokesman Gábor Missura said, commenting the KSH figures. He added that inflation follows the path

hvg.hu English version

FinMin Promises Tax Cuts

Finance Minister Tibor Draskovics said revenue-based local industrial tax will have to be eliminated on the long
a conference organized by the National Federation of Employers and Manufacturers (Magyosz). Draskovics said at
... “The government can take just as much risk in its tax reform that does not jeopardize the balance of economic processes,”
... industrial tax will have to be terminated on the long run, and as a first step, it should be reduced and changed to be profit based in

hvg.hu Tech

Új cáfolhatatlan bizonyítékok a globális felmelegedésre

A Föld légkörének felmelegedését bizonyító újabb jelentés látott napvilágot, amelyben az American Association for the Advancement of
pusztulás figyelhető meg az élővilágban, s a természeti környezetben. Az American Association for the Advancement of Science a

hvg.hu Kult

A Millió dolláros bébitől a Maigret szerzőjéig

zenészekből álló The Tarantinos lép föl. Gazdag programajánlat ínyenceknek a
19.30 Pécsi Tavaszi Fesztivál - XIII. Pécsi Frankofon Hét The Tarantinos - Petőfi Csarnok A Sziget Fesztiválon már nagy sikert
... Tarantinos 3 év szünet után újra Magyarországra látogat. A The Tarantinos-t hét londoni zenész alkotja. Ihletőjük Quentin Tarantino és

hvg.hu English version

German Property Firm Ups Investments in Budapest

Bonn-based IVG Immobilien AG plans to invest EUR 66 million in the Infopark office complex in Budapest by the
Freyend said IVG has invested more than EUR 100 million in Budapest by building 65,000 square meters of real estate and
... 35,000 square meters by the end of 2007, with total investments exceeding EUR 150 million until then. Besides investment
... Budapest. The building, called Krausz Palace, involves 5,000 square meters of exclusive office space and its tenants include Budapest

hvg.hu English version

Finance Ministry Vetoes Airport Land Purchase

State-owned Budapest Airport Rt. has to invalidate its contract with Carion group involving a HUF 4.7 billion land purchase deal, the
informed by Vági that the order did not affect deals that have been approved earlier.
... public utilities and building permits. Budapest Airport originally planned to build its new cargo base on the area. Budapest Airport
... Hárskuti signed the contract after repeated approvals from Budapest Airport’s board and the board of State Privatization

hvg.hu English version

OTP CEO Suspected Behind Owner Of Rotary Rt

Oil industry sources suspect Sándor Csányi, chairman and CEO of OTP Bank Rt., to be owner of the U.S.-based offshore company that owns
a number of Csányi-owned ventures. Soon after the auditor change, RMBK was bought from Tolnay by Roscop Inc., a U.S.-based
... likewise changed its auditor to ÁDI in December 2004. The ownership changes were followed by personnel changes that also
... Rotary Rt. accounts for the vast majority of Hungary’s 1 million ton annual crude oil pumping business, and most of its HUF 9.3 billion

hvg.hu English version

Hvg.hu Publishes List Of Secret Agents

Hvg.hu has published a list of state security officials and agents who were active members and leaders of county offices in the Interior
... III/III department – the bureau of the Communist regime’s secret agents – in
At that time, the state security bureau was operated by officers of the national police and were paid
... employed by the bureau can be estimated only. According to a report by historian János Kenedi, 3,975 people
... regime. It is estimated that a similar size of staff was operated prior to the change of system in 1989. The list of

hvg.hu English version

Tax Committee Unveils Reform Proposals

A special committee set up to reform Hungary’s current tax system will propose introducing two-bracket systems in corporate profit tax and in
... simplified entrepreneurial tax as of 2006. Plans include a total restructuring of municipal financing as of 2007, said László Akar, chairman of
While keeping the current 15% simplified entrepreneurial tax (EVA), the committee suggests to introduce a new, lower
... companies with operating costs lower than 40% of their revenues within the EVA scheme. Likewise the currently flat
... brackets. Corporate profits for up to HUF 5 million will be taxed at 10%, while profits exceeding the limit will be taxed at 16%, which

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
Owned by Hungarian real estate tycoon Sándor Demján, TriGránit held a large-scale VIP party for Romanian government representatives
..., 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

hvg.hu English version

Hungary Goes Digital

The Hungarian government has approved a proposal on the strategic aims and government tasks related to the
infrastructure will fall, and the cost of broadcasting can be reduced. The new infrastructure will help development of an
... 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

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
services to 200 post offices by mid-year and to 400 offices by year-end. The services will be available in
... 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

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
driven by export and investments in 2004. Due to uncertain growth prospects in Western Europe, the rate of investments
... constructions. This year, retail turnover could rise 3%–3.5%, the same rate at which real wages are expected to swell. Inflation fell
... from 5.5% a month earlier. The National Bank of Hungary (MNB) cut its basic interest rate by 75 basis points. Analysts

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
outlining its plan to join the euro zone last May. In its program Hungary forecast that budget deficit will be reduced gradually to
... 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

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
annual increase on their wages. BKV’s business plan for 2005 has not been approved by the Budapest Municipality
... boost the company’s wage costs by HUF 400 million compared to the management’s forecast. This sum could still
... The unions, which represent 90% of BKV’s 12,600 workers, originally threatened the municipal transport company with a

hvg.hu English version

Farmers To Demonstrate In Budapest

tér on Monday, followed by a protest against the Agriculture Ministry in front of the Ministry’s building on
...The National Federation of Farmers’ Cooperatives and Farmers’ Groups (Magosz) will demonstrate with hundreds of tractors on Budapest’s
the 17th demand answers to their requests by Feb. 22, otherwise they will continue rallying and will gather in front of
... to pay land-based EU funding to 80% of the claimants by the end of February, while 90% of the
... Magosz postponed its demonstration originally scheduled for Feb. 17, Friday, because other groups, namely the Pig Breeders’

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
coming in March. If the rate of inflation falls by one percentage point from the current level
... 75 basis point cut. Most likely implemented in three 25-basis point cuts, the move could result in central deposit rates falling to
... 2005, he added. According to the latest figures by the Central Statistics Office (KSH), annual inflation

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
subsidized – brackets. However, a former proposal supported by Finance Minister Tibor Draskovics would not be against
... or suffer from a loss of sizeable central revenues. One area that is expected to be left mainly unchanged by the
... entrepreneurs (EVA). The flat tax introduced in recent years has been chosen by more than 100,000 entrepreneurs and small

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Videón az izraeli szuperlézer, repülés közben szedi le az ellenséges drónt

Videón az izraeli szuperlézer, repülés közben szedi le az ellenséges drónt

Kiszivárogtak Putyin békefeltételei

Kiszivárogtak Putyin békefeltételei

Dupla élvezet: 922 lóerővel támad a legújabb BMW

Dupla élvezet: 922 lóerővel támad a legújabb BMW

Az egészségügyi államtitkár szerint a Tisza Pártnál „tele a gatya” a Harcosok Klubja miatt

Az egészségügyi államtitkár szerint a Tisza Pártnál „tele a gatya” a Harcosok Klubja miatt

Már a giliszták is tele vannak mikroműanyaggal, és ez óriási bajt jelez

Már a giliszták is tele vannak mikroműanyaggal, és ez óriási bajt jelez

Jutalmat kapott három rendőr, mert nem hagyták magukat lefizetni

Jutalmat kapott három rendőr, mert nem hagyták magukat lefizetni

Tavaly is nagyot kaszáltak a Pintér Sándorhoz köthető őrző-védő cégek tulajdonosai

Tavaly is nagyot kaszáltak a Pintér Sándorhoz köthető őrző-védő cégek tulajdonosai

A Macron házaspár incselkedésén viccelődik a Ryanair

A Macron házaspár incselkedésén viccelődik a Ryanair

Iványi a kormánypárti képviselőknek üzent: „Önök Istent játszanak, ha a szólásszabadságot betiltani próbálják”

Iványi a kormánypárti képviselőknek üzent: „Önök Istent játszanak, ha a szólásszabadságot betiltani próbálják”

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