Budapest

In Hungary

Rosneft subsidiary buys Yukos Volga area oil assets for $6.4 bln

A subsidiary of Russia's state-controlled oil company Rosneft has bought the Volga area oil assets of the now bankrupt oil...

Tourism

FDI to finance 60% Romania’s current account deficit in 2007

Sixty percent of Romania's current account deficit in 2007 will be covered by the foreign direct investment (FDI), National Prognosis...

Tourism

50,000 a month arrive in UK from two new EU nations

The number of visitors from Eastern Europe has risen by a quarter since Romania and Bulgaria joined the EU, a...

Food

Magna confirms it bid for Chrysler

Canadian automobile parts manufacturer Magna International Inc. confirmed Wednesday it made a formal bid for DaimlerChrysler AG's Chrysler unit....

Conferences

European Investment Bank to open office in Romania

The European Investment Bank is to open office in Romania on June 7, according to the institution’s representatives....

Tourism

Hochtief buys Budapest Airport, Ferihegy majority stake

The consortium led by German construction concern Hochtief signed a contract with British airport operator BAA about the purchase of...

Tourism

Strong euro hits German exports

German exports unexpectedly slumped in March, data released Wednesday showed, as a strong euro undercut the global competitiveness of Europe's...

Food

Swisscom 1Q profits down, sells Hungarian unit

The company announced it has sold its small Hungarian broadcasting company Antenna Hungária, as it failed to live up to...

Conferences

UN report: Bioenergy comes with both benefits and risks

The rapid growth of modern bioenergy worldwide presents many opportunities, but it also entails economic, environmental and social risks, according...

In Hungary

Thomson aims to create ‘global leader’ with Reuters

Canadian media group Thomson mapped out its plans Tuesday for a possible £8.8 billion ($17.6 billion) bid to acquire the...

Food

EU’s 10% biofuels target won’t hit food prices – Agriculture Comissioner Boel says

To meet its 10% biofuels use target in 2020, the EU biodiesel industry says it will have to raise output...

In Hungary

Yukos office, research assets to go under hammer May 11

Russia's federal property fund said Tuesday it has completed accepting applications for an auction to sell office and research assets...

Food

Bulgaria negotiates with Russia’s Gazprom on new gas transit conditions

Bulgaria's Economy and Energy Minister Roumen Ovcharov is negotiating with Russian company Gazprom on increased gas transfer through Bulgaria....

Tourism

Program to promote Romanian tourism

The Ministry for SME, Tourism and Liberal Professions will implement a program to support the Romanian tourism. The program budget...

In Hungary

Parliament approved rules for ’13th-month’ salaries

Starting this year from July the 13th-month salary will be paid to civil and public servants in advance monthly installments,...

In Hungary

Emeric Pressburger: the Englishman From Miskolc

The Hungarian-born filmmaker Emeric Pressburger is being celebrated in his birthplace as cinematic aficionados worldwide reassess his joint productions with...

In Budapest

Jewish Cultural Festival Returns for 28th Staging

The program of the 28th Jewish Cultural Festival promises to be rich and diverse, with 30 programs across six venues...

Hotel Clark Budapest Retains Michelin Key for Second Consecutive Year

Hotel Clark Budapest, the flagship hotel of Unione Hotel Management, has retained its Michelin Key, recognizing its approach to contemporary...

Karácsony Expects Deal on Budapest’s Finances Within Weeks

Budapest Mayor Gergely Karácsony expects an agreement with the government on resolving the capital’s financial problems within weeks, he told...

Budapest’s House of Terror Museum Reopens With Free Admission as Review Continues

Budapest’s House of Terror Museum has reopened while a review of its exhibition continues, Culture and Social Relations Minister Zoltán...

Emeric Pressburger: the Englishman From Miskolc

The Hungarian-born filmmaker Emeric Pressburger is being celebrated in his birthplace as cinematic aficionados worldwide reassess his joint productions with...

ÉS Bisztró Launches Sunday Brunch at Kempinski Budapest

ÉS Bisztró at Kempinski Hotel Corvinus Budapest launched a weekly Sunday brunch, combining an à la carte menu of brunch...

White Raven Sees Growing Demand for Alcohol-Free Cocktails as Summer Traffic Holds Steady

White Raven Skybar & Lounge welcomed more than 33,000 guests and served over 22,000 cocktails between late April and the...

Business Chambers Bring Rugby Leadership Experience to Budapest

Confindustria Ungheria, the British Chamber of Commerce Hungary and CCI France Hongrie will host an executive development event with Italy’s...

Twelve Hungarian Hotels Feature in 2026 Michelin Key Selection

Twelve Hungarian hotels have been included in the Michelin Guide’s 2026 Michelin Key selection, with Four Seasons Hotel Gresham Palace...

Budapest Car-Free Weekend Brings Road Closures and Tram Changes Sept. 19-20

Budapest’s Car-Free Weekend will bring family activities and sustainable transport programs to central streets and riverfront areas Sept. 19-20, alongside...

Budapest Repays HUF 67 bln Overdraft but Faces HUF 86 bln Solidarity Bill

Budapest has repaid a HUF 67 bln overdraft after receiving local business tax advances, but the capital still needs a...

Why More Families Choose the DSB Preparatory Class

A successful start to school begins with the right foundation. At the Deutsche Schule Budapest (DSB), children can join the...

Jewish Cultural Festival Returns for 28th Staging

The program of the 28th Jewish Cultural Festival promises to be rich and diverse, with 30 programs across six venues...

Budapest Geothermal Summit Highlights Hungary’s Potential and Investment Hurdles

Expanding geothermal energy in Hungary requires predictable regulation and infrastructure upgrades, speakers said at the fourth Budapest Geothermal Energy Summit....

House of Terror Museum to Close Temporarily as Tarr Dismisses Director Mária Schmidt

Budapest’s House of Terror Museum will close temporarily for a clarification of rights issues, Culture and Social Relations Minister Zoltán...

Westend Wins Green Investment Award for EUR 10 mln Sustainability Upgrade

Westend Shopping Center has won the Green Investment of the Year award at this year’s Green Awards, for a EUR...