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Central Budapest Newsfeeds and Blogs

Central Budapest Newsfeeds and Blogs

Economy minister confirms Hungary will not renew I...

Realdeal.hu macro | Friday September 03, 2010 |

Hungary continues to ask for and get "technical assistance" from the IMF, but it will not borrow from the institution again, National Economy Minister Gyorgy Matolcsy said at an event organised by business association MGYOSZ on Friday. Hungary can finance its...

Deutsche Telekom investigated on suspicion of brib...

Realdeal.hu people | Friday September 03, 2010 |

German prosecutors are investigating Deutsche Telekom on suspicion of bribery at its Hungarian unit Magyar Telekom, German daily Suddeutsche Zeitung reported on Friday. A spokesman for Deutsche Telekom confirmed the report. The investigation of eight...

Hungary Must Forego Stimulus to Fight Deficit, Eco...

Yahoo! News Search Results for Budapest Hungary Friday September 03, 2010 |

Hungary can’t use fiscal stimulus to boost growth after the worst recession in 18 years because it must control its budget deficit, Economy Minister Gyorgy Matolcsy said.

Socialists revamp communication

The Budapest Report Latest News | Friday September 03, 2010 |

The spokespersons behind the party's new "MSzP. Like." slogan. Photo courtesy of mszp.hu The Hungarian Socialist Party (MSzP) on Thursday announced its new communication officers former TV presenter Kata Kormos (pictured left) and former MP...

Government transfers cash to Malév, preventing air...

Realdeal.hu macro | Friday September 03, 2010 |

The government has transferred HUF 5.7bn to national carrier Malev to prevent the repossession of some of its aircraft by a US leasing company, business weekly Figyelo said in its fresh issue on Thursday. The aircraft were to be repossessed because Malev is...

Duna TV accused of becoming a product placement pa...

Realdeal.hu media/marketing | Friday September 03, 2010 |

Duna TV may find itself in hot water following accusations that it went overboard with product placement in its "Diplomatavadász" ("Diplomat Hunter") comedy series, index.hu reports. While brand name products are allowed to be shown in television programs,...

New HUFONIA reference rate offers better market gu...

Realdeal.hu macro | Friday September 03, 2010 |

The National Bank of Hungary's new interbank rate HUFONIA (Hungarian Forint Overnight Index Average)will give a better market guidance than the existing official reference rate Bubor as it is computed from actual transactions, while Bubor (the Budapest...

JKX Oil and Gas acquires stakes in Hungarian field

Realdeal.hu macro | Friday September 03, 2010 |

The UK's JKX Oil and Gas has agreed to acquire minority stakes in a field in Hungary, the company said in an exploration update on Thursday. JKX will acquire minority shareholdings in HN Ventures, which indirectly owns the Gorbehaza field, part of the...

Saigo Port wins contract to build logistics base a...

Realdeal.hu property | Friday September 03, 2010 |

Saigo Port Kft, a member of the Xanga Investment and Development Group (XID), has won a contract in an open tender to build a cargo and logistics base at the international airport of Debrecen (E Hungary), with phase one of the development expected to cost HUF...

GSK plant in Hungary passes FDA audit

Realdeal.hu company news | Friday September 03, 2010 |

GlaxoSmithKline's (GSK) vaccine plant near Budapest has passed an audit by the US Food and Drug Administration (FDA) allowing it to export products to North America, GSK Biologicals managing director Vincent Loret said at a press conference on Thursday. GSK...

Trading of RFV has been suspended by exchange reso...

BSE news Friday September 03, 2010 |

Trading of RFV has been suspended by exchange resolution.

Huawei expands Hungarian staff rapidly, may make c...

PORTFOLIO.HU - Online Financial Journal Friday September 03, 2010 |

Chinese telecommunications equipment maker Huawei is to give job to 300 more people by the end of the year in Hungary than originally planned, head of the company’s local arm told business...

Commodity Market Daily futures and option statisti...

BSE news Thursday September 02, 2010 |

Commodity Market Daily futures and option statistics

Daily report - BSE

BSE news Thursday September 02, 2010 |

Daily report

Hungary officially opens counterterrorism center

Yahoo! News Search Results for Budapest Hungary Thursday September 02, 2010 |

Hungary officially opened a counterterrorism center in Budapest on Wednesday when Interior Minister Sandor Pinter presented the founding document to Police Brigadier General Janos Hajdu, head of the new facility.

Economy Ministry should have given the French Inst...

Realdeal.hu observer | Thursday September 02, 2010 |

Hungarians are certainly accomplished at many things, but when it comes to translating into a foreign language, anyone visiting Budapest has no doubt learned this is one of those areas fraught with more buktas than average. The most recent example can be...

Hungary Fails to Sell Planned Amount in Debt Sale

Yahoo! News Search Results for Budapest Hungary Thursday September 02, 2010 |

Hungary failed to raise the planned amount of debt at an auction today as growing concern the country’s worsening risk assessment may prompt the central bank to raise interest rates damped investor demand.

Simon tipped to get top job at TV2

Realdeal.hu media/marketing | Thursday September 02, 2010 |

There are rumors circulating that Zsolt Simon, will be the man to replace Zoltán Várdy as TV2's chief executive, the Comment:com blog reports. According to Marketing és Média, the last two in the running for the job are Simon, who currently works for...

Government approves request to EU on land purchase...

Realdeal.hu property | Thursday September 02, 2010 |

Hungary's government has approved a document requesting the European Union to extend a moratorium on arable land purchases by foreigners for three years after the current ban expires on April 30, 2011, Minister of Agriculture Sandor Fazekas told a news...

Central bank spokesman says strengthening of Swiss...

Realdeal.hu macro | Thursday September 02, 2010 |

The recent strengthening of the Swiss franc entails a growth risk for Hungary, and the forint's weakening raises the country's inflation risk and contributes to a rise in the percentage of non-performing loans in bank portfolios, National Bank of Hungary...

NBH publishes new index to foster market of overni...

Realdeal.hu macro | Thursday September 02, 2010 |

The National Bank of Hungary (NBH) said Wednesday it will start publishing a new index: HUFONIA (Hungarian Forint Overnight Index Average) on its website daily from September 1, the NBH said on Wednesday. The move is designed to support the development of a...

PSZÁF adopts new internal measures to boost effici...

Realdeal.hu macro | Thursday September 02, 2010 |

Hungarian financial market regulator PSZAF on Wednesday said it started operating under new internal rules of organisation and operation that aim to boost efficiency. The changes will improve PSZAF's oversight and place a greater emphasis on consumer...

Peninsula/Félsziget Festival attendance up this ye...

Realdeal.hu macro | Thursday September 02, 2010 |

The Sziget Kulturalis Menedzser Iroda's annual musical festival in Tirgu Mures, Romania, the Peninsula/Felsziget Festival, drew attendance of 63,000 in 2010, up 5pc from 2009, though ticket revenue covered only an estimated 90pc of the cost of holding the...

Agricultural Minister pushes for land moratorium

The Budapest Report Latest News | Thursday September 02, 2010 |

Hungarian Agricultural Minister Sandor Fazekas (pictured) on Wednesday announced that the Government has filed an appeal at the European Commission, to extend the moratorium on the acquisition of crop land for foreign nationals in Hungary to April 30, 2014. ...


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