Budapest

In Hungary

EDFI boosts Démász stake to 95.06% in buyout

Electricite de France International (EDFI) has raised its stake in Hungarian electricity distributor Démász Nyrt to 95.06% from 60.91% in...

In Hungary

Parliament committee approves 2007 budget bill

Parliament's economic committee approved on Wednesday the 2007 budget bill as well as the bill on amending the 2006 budget,...

Tourism

Microsoft gets deadline on EU antitrust order

Neelie Kroes, the European Union's top antitrust official, gave Microsoft Corp. until November 23 to comply with an EU antitrust...

Food

Fotex profit sinks on selling assets, closing stores

Fotex, a Hungarian retailer turned property manager, reported Q3 profit plunged 85% because of the cost of selling units and...

History

Fire, explosions at wood depot in north Hungary

Several explosions happened during a fire at a wood depot in Visegrád, north Hungary, disaster management spokesman György Szentes told...

In Hungary

Hungarian health bill changes may increase burden on drugmakers

Hungarian lawmakers last night approved an amendment to a healthcare bill that may force drugmakers to pay more to the...

Food

Synergon blames Q1-Q3 losses on foreign units

IT company Synergon Nyrt had losses of Ft 243.5 million in Q1-Q3, compared to profits of Ft 85.6 million in...

City

Hochtief conducts due diligence at Budapest Airport until end-November

German construction service provider Hochtief AG Tuesday said it was conducting a due diligence audit at Budapest Airport Zrt to...

In Hungary

Danubius Hotels says nine-month profit dropped on exchange rate

Danubius Hotels the owner of the Hilton in Budapest's castle district and the city's Gellért Spa, said nine-month earnings declined...

Food

Állami Nyomda nine-month profit drops on exchange rate loss

Állami Nyomda, a Hungarian printer of identification cards and election ballots, said profit dropped 4.8% in the first nine months...

Food

Hungarian inflation rate rose in October on energy costs, taxes

Hungary's inflation rate, the highest in the European Union, rose to a two-year high in October because of increases in...

Food

OTP Bank Q3 profit rises on east European expansion

OTP Bank Nyrt, which spent more than $2 billion expanding in eastern Europe, said Q3 profit rose as economic growth...

History

Parliament passes 2005 final account act

The 2005 Final Accounts Act was passed by Parliament yesterday, following a heated debate concerning a refund obligation totaling Ft...

Hotels

No-frills easyHotel to open in Budapest next spring

Low-fare airline easyJet is to open an easyHotel in Budapest in spring. The easyHotel will be the third in Europe,...

Tourism

M0 motorway to catch up with deadline

Work on a section of the M0 ring motorway, earlier suspended due to delays in environmental licensing may continue before...

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...