http://bbj.hu/business/ Complete and independent daily business news from Hungary. en-us bbj@bbj.hu webmaster@bbj.hu PHP RSS Feed Generator Egis sees sales in Eastern Europe falling 10-15%, at a faster rate than the 5% drop projected earlier. http://bbj.hu/business/egis-ups-guidance-_63427 2012-05-16T20:10:00+02:00 http://bbj.hu/business/egis-ups-guidance-_63427 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. http://bbj.hu/business/banking-association-establishes-position-on-transactions-duty-for-talks-with-govt-_63426 2012-05-16T19:45:00+02:00 http://bbj.hu/business/banking-association-establishes-position-on-transactions-duty-for-talks-with-govt-_63426 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. http://bbj.hu/business/nabucco-consortium-executive-body-to-discuss-mol-stand-on-pipeline_63405 2012-05-14T12:25:00+02:00 http://bbj.hu/business/nabucco-consortium-executive-body-to-discuss-mol-stand-on-pipeline_63405 BP's SEEP would bring gas from the border between Turkey and Bulgaria through Romanian and Hungary. http://bbj.hu/business/mol-considers-joining-bp-pipeline-project-_63403 2012-05-14T11:35:00+02:00 http://bbj.hu/business/mol-considers-joining-bp-pipeline-project-_63403 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. http://bbj.hu/business/a-sector-waiting-to-be-recognized_63347 2012-05-11T13:10:00+02:00 http://bbj.hu/business/a-sector-waiting-to-be-recognized_63347 The predictability of the regulatory environment would be necessary to lessen the negative consequences of the crisis, the Association emphasized. http://bbj.hu/business/govt-breaks-promise-made-in-agreement-with-new-tax-banking-association-says_63389 2012-05-10T15:55:00+02:00 http://bbj.hu/business/govt-breaks-promise-made-in-agreement-with-new-tax-banking-association-says_63389 Former head left the exchange over differences concerning the introduction of a new trading system at the bourse. http://bbj.hu/business/budapest-stock-exchange-name-new-ceo_63387 2012-05-10T15:35:00+02:00 http://bbj.hu/business/budapest-stock-exchange-name-new-ceo_63387 The physical implementation of the tax had raised many questions among all industry players, Christopher Mattheisen, the head of Magyar Telekom said. http://bbj.hu/business/eu-conformity-of-telephone-tax-questionable-mattheisen-says-_63388 2012-05-10T12:25:00+02:00 http://bbj.hu/business/eu-conformity-of-telephone-tax-questionable-mattheisen-says-_63388 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. http://bbj.hu/business/hungarian-insurers-to-pay-no-bank-levy-from-2013-ministry-confirms_63384 2012-05-10T07:25:00+02:00 http://bbj.hu/business/hungarian-insurers-to-pay-no-bank-levy-from-2013-ministry-confirms_63384 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). http://bbj.hu/business/state-takes-over-direct-ownership-of-eximbank-mehib_63378 2012-05-09T07:45:00+02:00 http://bbj.hu/business/state-takes-over-direct-ownership-of-eximbank-mehib_63378 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. http://bbj.hu/business/competition-offices-fines-railway-companies-for-cartel-activity_63376 2012-05-09T07:40:00+02:00 http://bbj.hu/business/competition-offices-fines-railway-companies-for-cartel-activity_63376 The Al Habtoor Group of Dubai has purchased Budapest's Hotel Le Meridien; the sale and purchase agreement was signed in Budapest on Monday. http://bbj.hu/business/dubai-investor-buys-five-star-hotel-in-budapest_63372 2012-05-08T06:40:00+02:00 http://bbj.hu/business/dubai-investor-buys-five-star-hotel-in-budapest_63372 The per-minute telephone tax would not provide a predictable revenue source for the central budget, while it would substantially change people's phone habits, telco companies say. http://bbj.hu/business/per-minute-telephone-tax-unpredictable-revenue-source-telcos-say_63370 2012-05-08T06:10:00+02:00 http://bbj.hu/business/per-minute-telephone-tax-unpredictable-revenue-source-telcos-say_63370 The system is expected to generate an additional HUF 150 billion of revenue a year, including HUF 75 billion in 2013. http://bbj.hu/business/hungary-to-introduce-e-toll-system-by-mid-2013_63368 2012-05-07T07:25:00+02:00 http://bbj.hu/business/hungary-to-introduce-e-toll-system-by-mid-2013_63368 Hungarian oil company MOL is planning to invest a further $250 mln investment in an oil project in Kazakhstan. http://bbj.hu/business/mol-planning-a-further-usd250-mln-investment-in-kazakh-oil-project_63367 2012-05-04T07:35:00+02:00 http://bbj.hu/business/mol-planning-a-further-usd250-mln-investment-in-kazakh-oil-project_63367 Hungary's National Tax and Customs Administration (NAV) is launching audits of taxpayers who regularly lend money to private individuals. http://bbj.hu/business/tax-office-audits-target-repeat-lenders-to-private-individuals_63366 2012-05-04T07:30:00+02:00 http://bbj.hu/business/tax-office-audits-target-repeat-lenders-to-private-individuals_63366 CEE innovators showcase their solutions to make our lives better http://bbj.hu/business/su-global-impact-competition-comes-to-its-finals_63364 2012-05-03T15:05:00+02:00 http://bbj.hu/business/su-global-impact-competition-comes-to-its-finals_63364 http://bbj.hu/business/zte-signs-cooperation-agreement-with-govt_63361 2012-05-03T07:10:00+02:00 http://bbj.hu/business/zte-signs-cooperation-agreement-with-govt_63361 April did not bring big changes in the treasury share stock of BSE's four blue chips. http://bbj.hu/business/blue-chip-treasury-stock-little-changed-in-april_63363 2012-05-02T23:05:00+02:00 http://bbj.hu/business/blue-chip-treasury-stock-little-changed-in-april_63363 Malév Ground Handling and maintenance unit Aeroplex of Central Europe will continue to operate at the airport. http://bbj.hu/business/budapest-airport-signs-five-year-leases-with-malev-units_63344 2012-04-27T13:40:00+02:00 http://bbj.hu/business/budapest-airport-signs-five-year-leases-with-malev-units_63344 Exemptions proposed by the committee included the construction of a vehicle-parts store, a pet shop, a cold-storage facility and a warehouse. http://bbj.hu/business/committee-exempts-15-projects-from-plaza-ban_63341 2012-04-27T13:30:00+02:00 http://bbj.hu/business/committee-exempts-15-projects-from-plaza-ban_63341 The dividend fund comes to HUF 45 billion.
 http://bbj.hu/business/mol-shareholders-approve-proposal-to-pay-first-dividend-since-2008_63326 2012-04-26T19:05:00+02:00 http://bbj.hu/business/mol-shareholders-approve-proposal-to-pay-first-dividend-since-2008_63326 The disapproval of the budget meant in practice that MOL would not give any more money to the project company, industry experts say. http://bbj.hu/business/mol-says-continued-financing-of-nabucco-pipeline-unsustainable_63313 2012-04-25T21:55:00+02:00 http://bbj.hu/business/mol-says-continued-financing-of-nabucco-pipeline-unsustainable_63313 MNV will auction 112 objects with an estimated value of HUF 12 million. http://bbj.hu/business/state-to-start-auctioning-heirless-objects_63308 2012-04-25T13:30:00+02:00 http://bbj.hu/business/state-to-start-auctioning-heirless-objects_63308 House prices went down 18.7% in Q1. http://bbj.hu/business/used-homes-overpriced-by-13percent_63303 2012-04-25T12:55:00+02:00 http://bbj.hu/business/used-homes-overpriced-by-13percent_63303 The new taxes might increase the telephone and text-message fees by double-digit percentage points. http://bbj.hu/business/telenor-in-talks-with-govt-on-proposed-telephone-call-text-message-tax_63301 2012-04-25T12:35:00+02:00 http://bbj.hu/business/telenor-in-talks-with-govt-on-proposed-telephone-call-text-message-tax_63301 Companies not submitting a report can be fined as much as HUF 1.5 million. http://bbj.hu/business/tax-office-initiates-removal-of-businesses-from-company-register-for-failure-to-report_63299 2012-04-25T11:15:00+02:00 http://bbj.hu/business/tax-office-initiates-removal-of-businesses-from-company-register-for-failure-to-report_63299 Árkád 2 will be Hungary's biggest shopping center. http://bbj.hu/business/ece-launches-eur80-mln-expansion-renovation-of-arkad-shopping-center_63294 2012-04-25T10:05:00+02:00 http://bbj.hu/business/ece-launches-eur80-mln-expansion-renovation-of-arkad-shopping-center_63294 http://bbj.hu/business/hungarys-new-constitution---the-beginning-of-a-new-regime-or-merely-technical-amendments_63288 2012-04-24T16:05:00+02:00 http://bbj.hu/business/hungarys-new-constitution---the-beginning-of-a-new-regime-or-merely-technical-amendments_63288 The Hungarian companies have contacted potential partners on 130 occasions at the Montenegrin exhibition. http://bbj.hu/business/hita-steers-10-businesses-towards-eur605000-worth-of-business-at-exhibition_63282 2012-04-24T13:00:00+02:00 http://bbj.hu/business/hita-steers-10-businesses-towards-eur605000-worth-of-business-at-exhibition_63282 Their 2011 revenue exceeded the targets and reached up to €42. http://bbj.hu/business/nolato-hungary-revenue-up-27percent-yr-yr-in-2011_63279 2012-04-24T11:50:00+02:00 http://bbj.hu/business/nolato-hungary-revenue-up-27percent-yr-yr-in-2011_63279 The Nabucco pipeline project is proceeding successfully, and the final legal framework has been set up, says MOL director. http://bbj.hu/business/nabucco-international-does-not-know-of-any-mol-intention-to-withdraw_63278 2012-04-24T11:35:00+02:00 http://bbj.hu/business/nabucco-international-does-not-know-of-any-mol-intention-to-withdraw_63278 The management of the Hungarian Banking Association is asking all of its members to accelerate the processing of applications to participate in an exchange rate limit scheme. http://bbj.hu/business/banks-asked-to-accelerate-processing-of-exchange-rate-limit-scheme-applications_63273 2012-04-24T07:25:00+02:00 http://bbj.hu/business/banks-asked-to-accelerate-processing-of-exchange-rate-limit-scheme-applications_63273 Liget Bioenergia Művek opened its plant in 2009, but the economic crisis as well as the regulatory changes made the plant unviable and it shut down in 2011. http://bbj.hu/business/biomass-fueled-power-plant-owner-files-for-bankruptcy-protection_63266 2012-04-23T15:00:00+02:00 http://bbj.hu/business/biomass-fueled-power-plant-owner-files-for-bankruptcy-protection_63266 http://bbj.hu/business/mol-to-lower-price-of-petrol-from-wednesday_63262 2012-04-23T13:35:00+02:00 http://bbj.hu/business/mol-to-lower-price-of-petrol-from-wednesday_63262 Serial production is scheduled to start early next year. http://bbj.hu/business/audi-to-start-test-production-of-a3-in-gyor-this-summer_63261 2012-04-23T13:35:00+02:00 http://bbj.hu/business/audi-to-start-test-production-of-a3-in-gyor-this-summer_63261 The value of the project contract is HUF 5.1 billion, 85% of which is financed by the European Union. http://bbj.hu/business/contract-signed-for-eu-funded-railway-section-modernization-in-w-hungary_63260 2012-04-23T11:45:00+02:00 http://bbj.hu/business/contract-signed-for-eu-funded-railway-section-modernization-in-w-hungary_63260 The latest in Broadband TV News series of business breakfasts, organized jointly with Telenor Satellite Broadcasting and held in Budapest on April 19, left many questions about the Hungarian digital TV still unanswered. http://bbj.hu/business/digital-tv-in-hungary-many-questions-unanswered_63316 2012-04-22T22:10:00+02:00 http://bbj.hu/business/digital-tv-in-hungary-many-questions-unanswered_63316 The latest in Broadband TV News series of business breakfasts, organized jointly with Telenor Satellite Broadcasting and held in Budapest on April 19, left many questions about the Hungarian digital TV still unanswered. http://bbj.hu/business/digital-tv-in-hungary-many-questions-unanswered_63315 2012-04-22T22:10:00+02:00 http://bbj.hu/business/digital-tv-in-hungary-many-questions-unanswered_63315 Market penetration fell slightly in February, to 116.8 SIM cards per hundred people, National Media and Infocommunications Authority says. http://bbj.hu/business/hungary-mobile-phone-subscriptions-fall-to-11634000-in-march_63249 2012-04-20T16:55:00+02:00 http://bbj.hu/business/hungary-mobile-phone-subscriptions-fall-to-11634000-in-march_63249 Hungary's market leader in developing mobile payment technology has established a joint venture with Bulgaria's Corpbank. http://bbj.hu/business/cellum-establishes-jv-in-bulgaria_63247 2012-04-20T16:20:00+02:00 http://bbj.hu/business/cellum-establishes-jv-in-bulgaria_63247 János Főnagy will be appointed for a year from May 1, the Government Spokesman's Office said. http://bbj.hu/business/government-to-appoint-commissioner-to-oversee-public-transport-restructuring_63246 2012-04-20T16:20:00+02:00 http://bbj.hu/business/government-to-appoint-commissioner-to-oversee-public-transport-restructuring_63246 Ferenc Szarvas is leaving his post within 30 days. http://bbj.hu/business/mav-ceo-to-leave-post-by-mutual-consent_63245 2012-04-20T16:00:00+02:00 http://bbj.hu/business/mav-ceo-to-leave-post-by-mutual-consent_63245 MPVI Mobil will offer data and voice services, and is expected to start operation by the end of the year. http://bbj.hu/business/new-player-on-hungary-mobile-market-aims-to-be-competitive-profitable_63241 2012-04-20T13:50:00+02:00 http://bbj.hu/business/new-player-on-hungary-mobile-market-aims-to-be-competitive-profitable_63241 The aim of the network is to help them win big state tenders, says Magyar Nemzet. http://bbj.hu/business/hungarian-defense-industry-companies-establish-network_63239 2012-04-20T09:55:00+02:00 http://bbj.hu/business/hungarian-defense-industry-companies-establish-network_63239 The approved proposals are to pay altogether a HUF 3,100-per-share dividend on the two companys' 2011 profit. http://bbj.hu/business/shareholders-approve-emasz-elmu-dividend-proposals_63238 2012-04-20T09:50:00+02:00 http://bbj.hu/business/shareholders-approve-emasz-elmu-dividend-proposals_63238 The new plant will employ 120, production starts in 2014. The drugmaker spent HUF 214 billion on investments in the past few years. http://bbj.hu/business/richter-inaugurates-huf-25-bln-biotech-plant-in-debrecen_63233 2012-04-20T08:25:00+02:00 http://bbj.hu/business/richter-inaugurates-huf-25-bln-biotech-plant-in-debrecen_63233 Hungary's biggest hypermarket chain opened seven new stores in Hungary last year, expanding its total retail space in the country by about 11,000sqm. http://bbj.hu/business/tesco-hungary-revenue-climbs-almost-6percent-to-huf-705-bln-in-2011-12_63230 2012-04-18T11:55:00+02:00 http://bbj.hu/business/tesco-hungary-revenue-climbs-almost-6percent-to-huf-705-bln-in-2011-12_63230 Waberer's management will decide later this year whether to expand the company's fleet by a further 100 vehicles. http://bbj.hu/business/waberers-to-replace-600-vehicles-this-year_63229 2012-04-18T11:50:00+02:00 http://bbj.hu/business/waberers-to-replace-600-vehicles-this-year_63229 As much as 40-50% of some types of Hungarian fruit may have been destroyed by spring frost. http://bbj.hu/business/spring-frost-damages-hungary-fruit-crop_63227 2012-04-18T11:40:00+02:00 http://bbj.hu/business/spring-frost-damages-hungary-fruit-crop_63227 The appeal is against EC decision prohibiting Hungary from using European Union funding to cover VAT costs in a motorway construction project. http://bbj.hu/business/european-court-to-discuss-hungary-motorway-vat-appeal_63226 2012-04-18T11:35:00+02:00 http://bbj.hu/business/european-court-to-discuss-hungary-motorway-vat-appeal_63226 Viktor Orbán and Alexy Miller reviewed questions concerning cooperation between Russia and Hungary in the energy sector. http://bbj.hu/business/pm-meets-with-gazprom-ceo-in-budapest_63225 2012-04-18T11:35:00+02:00 http://bbj.hu/business/pm-meets-with-gazprom-ceo-in-budapest_63225 The raise will bring registered capital to HUF 2.29 billion. http://bbj.hu/business/phylaxia-1912-holding-board-decides-on-huf-850-mln-capital-raise_63220 2012-04-17T14:40:00+02:00 http://bbj.hu/business/phylaxia-1912-holding-board-decides-on-huf-850-mln-capital-raise_63220 The AGM approved the company's profit and loss statement for 2011 showing a loss of HUF 9.3 billion. http://bbj.hu/business/tvk-shareholders-approve-proposal-to-pay-no-dividend-on-loss-making-year_63219 2012-04-17T14:35:00+02:00 http://bbj.hu/business/tvk-shareholders-approve-proposal-to-pay-no-dividend-on-loss-making-year_63219 The building material company managed to achieve higher sales figures in a sector with a HUF 400 billion  in "chain debt". http://bbj.hu/business/mapei-hungary-sales-climb-9percent-in-2011_63218 2012-04-17T14:25:00+02:00 http://bbj.hu/business/mapei-hungary-sales-climb-9percent-in-2011_63218 http://bbj.hu/business/infant-venture-capital-interview-with-peter-oszko-chairman-ceo-of-portfolion-venture-capital_63212 2012-04-17T11:40:00+02:00 http://bbj.hu/business/infant-venture-capital-interview-with-peter-oszko-chairman-ceo-of-portfolion-venture-capital_63212 The 25% stake in the waterworks held by Suez and Germany's RWE is to be repurchased for HUF 15.1 billion. http://bbj.hu/business/budapest-mayor-suez-ceo-agree-on-repurchase-of-stake-in-waterworks_63210 2012-04-17T11:25:00+02:00 http://bbj.hu/business/budapest-mayor-suez-ceo-agree-on-repurchase-of-stake-in-waterworks_63210 The system will help drivers change lanes, see in their blind spot, read signs and even glance at back-seat passengers with the least eye and head movement. http://bbj.hu/business/smr-hungary-unit-develops-rearview-camera-systems_63209 2012-04-17T11:15:00+02:00 http://bbj.hu/business/smr-hungary-unit-develops-rearview-camera-systems_63209