12:14, Feb 9 | Fourth-quarter consolidated net profit of Hungarian drug maker Gedeon Richter slipped 2.7% to HUF 13.6 billion from the same period a year earlier on a big drop in financial income, the company’s IAS report published on Tuesday shows.

11:17, Feb 9 | The property tax on cars with engines of over 170 horsepower introduced on January 1 has had a negative impact on Hungary's used-car market, reducing the value of certain vehicle models by hundreds of thousands and even millions of forints, the daily newspaper Népszabadság wrote.

10:14, Feb 9 | A consortium led by Walt Disney Co is in advanced talks to buy into China's largest in-bus digital media and advertising company, a deal that could offer the US entertainment giant a new platform to promote Mickey Mouse in China, three sources told Reuters. 09:23, Feb 9 | A revamp of the financial system needs to be global in nature to prevent a repeat of the worst financial crisis in some 70 years, a top Federal Reserve policy maker said on Monday. 08:41, Feb 9 | The Dow industrials closed below 10,000 for the first time since November on Monday as investors sold bank shares due to heightened concerns about the euro zone's sovereign debt troubles. 08:00, Feb 9 | Swiss bank UBS posted its first quarterly net profit since Oswald Gruebel took the helm a year ago, but client withdrawals rose well above forecasts, signaling he may need more time to steady the ship. 17:45, Feb 8 | The National Bank of Hungary (MNB) on Monday announced a program to support growth on the forint-denominated mortgage loan and mortgage bond market through bond purchases up to HUF 100 billion and regulatory initiatives based on a decision by rate-setters. 17:04, Feb 8 | Guest nights spent at commercial accommodations in Hungary fell 7.0% to 913,000 in December 2009 from a year earlier, the Central Statistical Office (KSH) said on Monday. Foreign guest nights fell less, by 3.5% to 441,000 in December and domestic guest nights fell 10.0%. 16:33, Feb 8 | Hungary's financial market regulator PSzÁF on Monday said it reported Freedom Rocks Inc, a US-based distributor of software for forex trading, to the police on suspicion of organizing a pyramid scheme. 15:59, Feb 8 | Majority Hungarian-owned biotechnology company Solvo's sales jumped 60% to more than €3 million in 2009, CEO Ernő Duda told MTI, citing preliminary data.

15:12, Feb 8 | ONGC, India's largest state-owned oil company, is seeking ways to expand cooperation with Hungarian oil and gas company MOL to jointly pursue exploration and production opportunities in third countries, India's The Economic Times (ET) reported on Monday. 14:34, Feb 8 | Hungarian IT company NEXON increased profit to HUF 290 million (€1.06 million) from HUF 259 million in 2009, generating a HUF 26 million rise in turnover to HUF 2.82 billion last year, the company informed MTI. 13:48, Feb 8 | A recent government decree will speed up the licensing procedures for Irish-owned Pannónia Ethanol's planned bioethanol plant, the business daily Napi Gazdaság said on Monday. 12:11, Feb 8 | A campaign by Toyota to recall its cars because of accelerator pedal problems could affect a total of 22,000 cars in Hungary, Toyota Motor Hungary communication director Ferenc Som told MTI on Monday. 11:20, Feb 8 | Hungary's real-estate registry as well as company and bankruptcy data must be made accessible through the European Justice Portal, according to a government decree published in the most recent issue of the official gazette Magyar Közlöny. 10:09, Feb 8 | Guest nights spent at commercial accommodations in Hungary fell 7.0% to 913,000 in December 2009 from a year earlier, the Central Statistical Office (KSH) said on Monday. Foreign guest nights fell less, by 3.5% to 441,000 in December and domestic guest nights fell 10.0%. 10:07, Feb 8 | Shareholders of the Hungarian airline company Malév are to decide on settling the company's capital position at Tuesday's EGM if agreement is reached at the ongoing Hungarian-Russian talks by then. 09:13, Feb 8 | Ukraine's opposition leader Viktor Yanukovich headed for a slender victory on Monday in a bitterly contested presidential election but rival Yulia Tymoshenko refused to concede.

• Panasonic Q3 profit jumps
• Toyota mulls Prius recall
• Google facing many risks in China standoff

• Greece on right track, must meet goals
• Portugal government defeated on finance bill
• Over 30,000 new workplaces created in January

• UK, India near accord on civil nuclear cooperation
• Fidesz sees recession continuing
• Obama vows to get tough with China on currency

• Tax gains help lift Deutsche Bank from record losses
• Obama bid to rein in banks meets Senate resistance
• Markets hammer euro states as fiscal fears mount

• Shell Q4 profits collapse
• Four companies under consideration for expansion of Paks nuke plant
• Obama to outline biofuels strategy

• DVM certified as BREEAM advisor
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