The Budapest Business Journal on the web

Budapest to repave roads for Ft 21.1 bln in 2006

Friday 05:33, December 2nd, 2005

The City of Budapest will repave 200 kilometers of roads next year, with a budget of Ft 11.8 billion from the local council and Ft 9.3 billion from the central government.Read more

Blair fails to win support of Eastern EU members for budget

Friday 03:28, December 2nd, 2005

British Prime Minister Tony Blair failed to convince leaders of the four largest new European Union members to back his proposal to cut spending for the 25-nation's next budget.Read more

Hungary pledges to cut budget deficit to 1.9% by 2008

Friday 11:11, December 2nd, 2005

Hungary told the European Commission it will cut its budget deficit to a third by 2008, enabling it to stick to a target of adopting the euro in 2010.Read more

Mol gets option to buy 10% of its shares from gov't

Thursday 05:10, December 1st, 2005

Mol Rt, the largest refiner in the 10 new European Union countries, got an option to buy its shares held by the Hungarian government, canceling the government's earlier plans to sell the stake to investors.Read more

PwC Crime Survey: 25% of Hungarian companies are victims of economic crime

Thursday 09:04, December 1st, 2005

Economic crime poses a significant threat to companies, with one in four of organizations in Hungary being victims of fraud in the past two years, according to the PricewaterhouseCoopers Economic Crime Survey 2005.Read more

BA deal to be closed by the end of year

Thursday 09:04, December 1st, 2005

Budapest Airport's privatisation tender received bids of more than Ft 400 billion.Read more

Competition Office lenient in Bayer-Ferro case

Wednesday 04:14, November 30th, 2005

Hungary's Competition Office (GVH) has exercised its leniency policy and exempted Germany's drugmaker from a resolution in a case involving Belgium's Ferro, because it provided the office with information about the matter.Read more

Hungary cuts budget gap target for 2006

Wednesday 12:31, November 30th, 2005

Parliament has announced a target for the 2006 public sector deficit, which is now seen at Ft 1,531 billion, Ft 2.3 billion less than originally planned, business news portal Portfolio.hu reported.Read more

Hungary warns of serious conflicts in Europe

Wednesday 12:26, November 30th, 2005

Hungarian Prime Minister Ferenc Gyurcsány on Tuesday intervened in the dispute over the European Union budget, warning that if wealthy west European states were not generous to the poorer east, they faced the prospect of "the most serious possible conflicts between the different parts of Europe", the Financial Times reported on Wednesday.Read more