Budapest

Hotels

Hotel occupancy rates falls to 58.9% in 2006

Occupancy at Hungary's selected three-to-five star hotels averaged 58.9% in January-December 2006 down from 60.2 % in 2005, the Central...

Tourism

ECB withdrew 565,000 counterfeit euro notes in 2006

The European Central Bank withdrew 565,000 counterfeit euro banknotes from circulation last year, down 2.4% from 2005....

Museums

Hungary in top ranks of obligatory working hours

With the statutory maximum working day of 12 hours, Hungary is ranked amongst the highest in the European Union, according...

History

FM to open new diplomatic missions despite budget cuts

Despite a 6% reduction in its 2007 budget, Hungary's foreign ministry plans to open new diplomatic missions and set aside...

Hotels

Warimpex plans to raise up to €130 mln in IPO

Warimpex Finanz- und Beteiligungs AG, a hotel property investor in central and eastern Europe, plans to raise as much as...

Food

Farm gate prices up 10.3% yr/yr in January-November – extended

Farm gate prices in Hungary rose 10.3% year on year in January-November, 2006, with crop prices increasing 17.4% and livestock...

In Hungary

Siemens ex-finance chief is questioned by prosecutors in probe

Siemens AG's former CFO Heinz-Joachim Neubuerger was questioned by Munich prosecutors in an investigation whether company funds have been embezzled,...

In Hungary

BP to pay occidental $485 mln for Russian stake

BP Plc's Russian unit, TNK-BP, agreed to pay $485 million (€374 million) to Occidental Petroleum Corp. to take full ownership...

City

Budapest Airport passenger traffic rises in December

Budapest Airport Zrt, which Hochtief AG is buying from BAA Plc, said the number of passengers rose in December as...

History

Hungary picks KrasAir, LAL of Lithuania for talks in Malév sale

Hungary picked Airbridge Zrt, a local investment vehicle for OAO KrasAir owner Boris Abramovich, and Lithuanian airline owner LAL Investiciju...

Hotels

Hilton to operate hotel north of Budapest

Hilton Hotels Corp. signed an agreement to operate a new hotel to be built north of Budapest and scheduled to...

In Hungary

EU says cross-border fees on euro transfers fell 90%

Regulators said a law halting extra fees on transferring euros in the European Union has cut prices 90% without increasing...

History

Heroin, ecstasy flood China as drug gangs target rich

Guo Chunlei earns the equivalent of $64,000 a year from the driving school he owns in Beijing. It pays for...

Sights

PM appoints ÁPV board members

Prime Minister Ferenc Gyurcsány has extended the mandates of most board members of the State Privatization and Holding Zrt (ÁPV)...

Sights

Bone Vita to build Ft 1 bln private hospital in Hévíz

Bone Vita Health Centrum Kft will build a 44-bed private hospital in Hévíz, west Hungary at a cost of more...

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...

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...

Budapest to Raise Fare Evasion Penalties From Nov. 2

Budapest's public transport penalty fares will be raised by approximately 20–25% in several categories from November 2, daily newspaper Népszava...