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Egis ups guidance

Wednesday 08:10, May 16th, 2012

Egis sees sales in Eastern Europe falling 10-15%, at a faster rate than the 5% drop projected earlier.Read more

Banking association establishes position on transactions duty for talks with govt

Wednesday 07:45, May 16th, 2012

If the banking sector is burdened to this degree for the third year in a row, it will prevent lending from picking up in Hungary, which is in neither the interest of banks nor the government, Mihály Patai said.Read more

Nabucco consortium executive body to discuss MOL stand on pipeline

Monday 12:25, May 14th, 2012

MOL said late in April that the continued financing of the pipeline was unsustainable and declined to approve the project company's budget for this year.Read more

MOL considers joining BP pipeline project

Monday 11:35, May 14th, 2012

BP's SEEP would bring gas from the border between Turkey and Bulgaria through Romanian and Hungary.Read more

A sector waiting to be recognized

Friday 01:10, May 11th, 2012

The sector is probably one of the most significant contributors to GDP, but is still in the dark in terms of employment and professional quality control: facility management is desperately seeking a way to become better known and more appreciated.Read more

Govt breaks promise made in agreement with new tax, Banking Association says

Thursday 03:55, May 10th, 2012

The predictability of the regulatory environment would be necessary to lessen the negative consequences of the crisis, the Association emphasized. Read more

Budapest Stock Exchange name new CEO

Thursday 03:35, May 10th, 2012

Former head left the exchange over differences concerning the introduction of a new trading system at the bourse. Read more

EU conformity of telephone tax questionable, Mattheisen says

Thursday 12:25, May 10th, 2012

The physical implementation of the tax had raised many questions among all industry players, Christopher Mattheisen, the head of Magyar Telekom said.Read more

Hungarian insurers to pay no bank levy from 2013, ministry confirms

Thursday 07:25, May 10th, 2012

Hungarian insurers will no longer pay the extraordinary levy on financial sector companies from next year, the National Economy Ministry said on Tuesday, confirming a measure outlined in the recently unveiled Széll Kálmán Plan 2.0, an updated structural reform program.Read more

State takes over direct ownership of Eximbank, Mehib

Wednesday 07:45, May 9th, 2012

Parliament on Tuesday approved a bill that allows the national economy minister to exercise ownership rights over the Hungarian Export-Import Bank (Eximbank) and the Hungarian Export Credit Insurance Company (Mehib).Read more

Competition Offices fines railway companies for cartel activity

Wednesday 07:40, May 9th, 2012

Hungary's Competition Office (GVH) on Tuesday said it fined state-owned-railway company MÁV, regional railway company GYSEV and Rail Cargo Hungaria a combined HUF 1.25 billion for cartel activity. GVH established that the companies had colluded when setting prices.Read more