Hungary's Orbn, Varga of Fidesz urge radical rate cut
Viktor Orbn, President of Hungary's main opposition party Fidesz, has called on the central bank (NBH) to lower its key policy rate “immediately and radically". He said the base rate should be 6.00% instead of the current 11.50%. Orbn's
PREVIEW - Parliament to debate health law amendments
Hungary's parliament on Wednesdaywill begin a general debate to amend laws regulating hospitalservices, mandatory services covered by health insurance andeconomical drug use.
Couple killed by grenade thrown through window
Two people, a man and a woman,were killed in Pecs, SW Hungary, late on Tuesday night when someonethrew an explosive device, probably a hand grenade, through thewindow of their home, police reported.
World's largest subterranean thermal lake in Budapest
The public got its first look onTuesday at the world's largest subterranean hot-water lake,discovered recently in a cave under Budapest.
Sporting look to continue good run
By OUR CORRESPONDENT
Mumbai
Nov. 18: I-League leaders Sporting Clube De Goa are all set to capitalise on the poor form of the local outfit Mahindra United during the Round IX tie at the Cooperage here on Tuesday. With six wins from eight matches, Sporting coach Vishwas Gaonkar has transfor...
Hungarian films win prizes at festivals in Peru, Germany
Two Hungarian films by a newgeneration of directors won awards at international film festivalsin Peru and Germany, the Hungarian Film Union told MTI on Tuesday.
Hungarian diplomat re-elected as chief of CTBT supervisory committee
Hungarian diplomat Tibor Toth hasbeen elected head of the supervisory committee for the Vienna-basedComprehensive (nuclear) Test Ban Treaty for another four years.
Hungary sells HUF 30 bn 3-m bills, demand healthy
Hungary's Government Debt Management Agency (KK) has received HUF 137.87 billion worth of bids on
INSTANT VIEW - Hungay ex-bonus wage growth ticks up to 9.0% yr/yr in the private sector
Gross wages in Hungary rose by 8.4% year on year in September, up sharply from a downward adjusted
Hungary wage growth picks up in September - Stats
Gross wages in Hungary rose by 8.4% year on year in September, up sharply from a downward adjusted
The teams: Ferrari (F1 2008)
Felipe Massa scored his first of six wins in 2008 at Bahrain
Ferrari won yet another constructors championship in 2008, to the surprise of exactly no-one. Since 1999, theyve only failed to win the title on two occasions, when Renault interrupted them from 2005-6.
What was fascinating about F...
John Toshack puts his faith in Welsh youth
Wales will be relying heavily on raw talent in tomorrow's friendly in Denmark. John Toshack, the manager, flew to Copenhagen yesterday with the youngest squad in the country's history, which included seven teenagers and 12 players still eligible for the Under-21s.Toshack's hand has partly been f...
Three Budapest flights cancelled due to Air France-KLM pilots' strike
Three Budapest flights of AirFrance-KLM were cancelled on Monday due to a pilots' strike inFrance, Ferihegy airport operator Budapest Airport spokesman DomokosSzollar told MTI.
Hungary Budget Council votes down bank rescue package
The Budget Council of Hungary's Parliament has on Monday voted down a recently announced HUF 600 billion (EUR 2.25 bn) rescue package for banks, local newswire MTI reported. Opposition politicians the Budget Council have said no to the bill
Hungarian households have never done this before
The status of the Hungarian budget is improving at a breathtaking pace. In the third quarter, the financing requirement of the general government (seasonally adjusted) was a mere 1.5% of gross domestic product, the central bank's (NBH) financial
Paul Howlett: Film picks
The Simpsons Movie 1.30pm & 8pm, Sky Movies Comedy(David Silverman, 2007) Springfield is the most polluted town in the world, sealed off inside a glass dome by President Arnie Schwarzenegger. Can Homer and Bart save the day? It doesn't quite match the laughs-per-minute of the half-hour TV episod...
Budapest joins European local governance development charter
Mayor of Budapest Gabor Demszkysigned the European charter on development co-operation and supportof local governance in Strasbourg on Sunday.
Photos From the Season of the Witch Set
Hungarian film site Moziplussz has posted the first photos of Nicolas Cage and Ron Perlman on the set for Season of the Witch . The photos came by way area tabloid paper Blikk . Filming is currently taking place in Alpes, Austria. Production will then shift to Hungary at the end of the mon...
Hungary-Slovakia Summit - German papers
Two conservative German papers, DieWelt and Frankfurter Allgemeine Zeitung commented Saturday's meetingbetween the Hungarian and Slovak prime ministers and the currenttense relationship between Hungary and Slovakia.
Gyurcsany proposes energy partnership between EU, Caspian region, Russia
Hungarian Prime Minister FerencGyurcsany proposed on Friday that the European Union, countries inthe Caspian Sea region and Russia should form an energy partnership.
Hungary's OTP advises against accepting bank rescue package
OTP's management said on Friday it would not suggest shareholders to accept the government's HUF 600 bn rescue package for banks, as instead of regarding OTP as a partner the government treats it as if it was in trouble, while the bank has a huge
Eight Afghan, Turkish illegal immigrants detained
Six Afghan and two Turkish illegalimmigrants, including an Afghan woman with her three children, weredetained in north-eastern Hungary, a police spokesman told MTI onFriday.
Hungary GDP up 0.8 percent in Q3 2008
Hungary's gross domestic product(GDP) increased by 0.8 percent in the third quarter of 2008 asagainst the corresponding period of 2007, the Central StatisticalOffice (KSH) and its research arm Ecostat said on Friday.
Hungarian PM Gyurcsany meets Azerbaijani president in Baku
Hungarian Prime Minister FerencGyurcsany met Azerbaijani President Ilham Aliyev for talks in Bakuon Friday morning.
Only two "serious contenders" seen in Hungary's mobile tender - paper
Hungarian weekly Figyel~o reported on Thursday that only two of the would-be contenders actually
Hungary's communications authority extends bidding period in mobile tender
Hungary's National Communications Authority (NCA) has announced on Thursday that it put off the
Hungary aims to enter anteroom of euro zone in 2009 - Finmin
Hungary's government wants to joint the euro zone as soon as possible and would like to meet conditions for ERM-2 membership by 2009, Finance Minister Jnos Veres said on Thursday. “The cabinet aims to create conditions that allow it to
From sovereign default threat to 0% contribution proposal - Hungary's Economic Summit
The debate about measures Hungary's cabinet should implement to stave off the crisis is in full swing at the Economic Summit in Parliament. Words like “sovereign default", “zero contributions", “rate cut", “no wage hike" are
Hungary to launch HUF 1,400 bn 2-yr economic stimulus scheme
Leaning on European Union funds, Hungary's government plans to launch a HUF 1,400 billion (EUR 5.17 bn), two-year economic stimulus package to foster economic growth, Gordon Bajnai, Minister of Development and Economy, said on Thursday. Up until now
Hungary's economy prepares for cliff diving - Portfolio.hu Poll
The expansion of the Hungarian economy, which has been feeble already, has come to an end, with GDP
Hungary's OTP to unveil Q3 earnings on Friday - Portfolio.hu Poll
Hungary's largest bank OTP will publish its third-quarter earnings report on 14 November before
Hungary's Rba hopes sector will change for the better
Hungary's automotive group Rba will continue its modernisation programme despite the sector's
R.E.M. makes last Brazil gig an Obama celebration (Reuters)
Reuters - R.E.M. turned the last concert of its Brazil tour into an "Obama-fest," complete with giant images of U.S. President-elect Barack Obama to celebrate his historic victory at the polls.
Slovenia offers 10% stake for sale in Telekom Slovenije, Hungary's MTel "seriously interested" (2)
(Adds charts, Portfolio.hu viewpoint) Slovenia's state-owned fund SOD has on Wednesday published a
Slovenia mulls strategic team-up with Hungary's MOL - paper (2)
(Updates with MOL reaction) The Slovenian government has approached Hungary's MOL with an offer for
EU Leader funds projects in NE Hungary Szabolcs county
Seven communities inSzabolcs-Szatmar-Bereg county (NE Hungary) will receive 14 billionforints (52 million euros) for local development projects under theEU's Leader programme, head of the Nyiregyhaza Leader organisationAndras Tisza told MTI on Wednesday.
Hungary's PM wants clear agreement with Slovak counterpart
Hungarian Prime Minister FerencGyurcsany is hoping to conclude a clear agreement with his Slovakcounterpart Robert Fico when the two meet on the weekend, he toldcommercial television channel TV2 on Wednesday morning.
Investigative reporter treated as suspect in corruption case he disclosed - paper
Investigative reporter GezaPolgar, on staff at commercial television channel RTL Klub, thoughthe was doing his job when he disclosed how easy it was to access adisabled parking permit, allowing the bearer to park anywhere freeof charge, but police apparently thought otherwise, wroteWednesday's n...
Hungary to hold Economic Summit to discuss budget, anti-crisis measures
Hungary's Prime Minister is to put on the table the government's action plan titled ‘Crisis
Slovenia offers 10% stake for sale in Telekom Slovenije, Hungary's MTel "seriously interested
Slovenia's state-owned fund SOD has on Wednesday published a tender for the sale of a 10% stake in
Slovenia mulls strategic team-up with Hungary's MOL - paper
The Slovenian government has approached Hungary's MOL with an offer for strategic co-operation
Should the crisis be the trigger for a reshaping of euro-area entry rules?
Financial markets came under severe pressure in some but not all the new member states (NMS) of the European Union. It was not at all inevitable that NMS should be seriously affected by the crisis and that previous policies contributed to the
Details of Telekom Slovenije tender to be unveiled today, Hungary's MTel may be interested
Slovenia will reportedly unveil the details of a tender for the sale of a 10% stake in Telekom
ANALYST VIEW - Credit Suisse slashes target price on Hungary's MOL to HUF 20,680
Credit Suisse has on Wednesday cut its target price on Hungarian oil and gas group MOL to HUF 20,680 from HUF 25,630. Given the 88% upside potential to the new TP and MOL's low exposure to crude oil price volatility, CS has maintained its
ANALYST VIEW - Hungary's ‘Robin Hood' tax to cost MOL HUF 10-15 bn a year - Wood & Co.
Hungary's Parliament on Monday passed the government's proposed 8% tax on 2H09-2010 profits of
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LA man to plead guilty in Guns N' Roses piracy (Reuters)
Reuters - A man accused of illegally posting songs on the Internet from an unreleased album by the rock band Guns N' Roses has agreed to plead guilty, a federal prosecutor said on Tuesday.
Junior Pulitzers awarded in Mak - Postcard from Szeged
Most readers of The Budapest Sun are surely familiar with the name Joseph Pulitzer, the newspaper titan who revolutionized American journalism in the late 19th century and established the venerable Pulitzer Prizes. But how many know that Pulitzer was born in Mak, Hungary, 30 kilometers southeas...
