Budapest

Tourism

Foreign guest nights down 8% yr/yr in Q1

Foreign guest nights in Hungarian hotels fell 8% in January-March compared to the same period in 2005, and declined 13.1%...

Food

Trade deficit €266 mln in March

Hungary's trade deficit was €266 million in March, €143 million more than in same month a year earlier, according to...

Conferences

Fastron to make Ft 400 mln investment

Car industry subcontractor Fastron Hungary Kft decided to carry out a Ft 400 million investment, general manager Károly Mayer said....

Food

Synergon slips into red in Q1

IT company Synergon Rt had consolidated after-tax losses of Ft 15.8 million in the first quarter of 2006, compared to...

Sights

Gov’t could float shares of motorway company

The government is considering introducing the shares of Hungary's state-owned motorway companies on the Budapest Stock Exchange to make motorway...

Hotels

Boscolo reopens New York Palace after €80 mln renovation

Italy's Boscolo Group reopened at the weekend Budapest's famous New York Palace hotel after completing a €80 million (Ft 21...

Tourism

Hotel occupancy rate 59.8% in April

The average occupancy rate at Hungary's hotels was 59.8% in April, slightly down from 60.8% in the same month a...

Tourism

Mol starts selling ship fuel from boat in Danube

Hungarian oil and gas company Mol Rt has started selling ship fuel from a boat on the Danube in Budapest,...

History

Hungary cancels 80% of Iraqi debt

Hungary has cancelled 80% of Iraq's debt, an amount of $184 million, Ferenc Pichler, cabinet chief of the Finance Ministry...

Awards

Tetra Pak targets 3% revenue rise in 2006

The Hungarian unit of Tetra Pak, the big Swedish maker of aseptic packaging for food and drinks, targets a 3%...

Awards

HVB Hungary sells 3,400 home loans in January-April

HVB Bank Hungary Zrt’s real estate financing segment disbursed loans for the construction of 3,400 homes in the first four...

Food

Pannon Q1 operating profit up 27% yr/yr

Mobile services company Pannon Zrt had operating profits of Ft 11.03 billion in the first quarter of 2006, up 27%...

Awards

BNP Paribas appoints new division head

As of May 2, 2006, Mária Ulmanné Stajz is heading the newly formed Large Corporate Group at BNP Paribas Hungária...

History

Health Fund asks drugmakers to lower prices

The National Health Fund Administration (OÉP) asked drugmakers operating in the country to reduce prices on more than 100 government-subsidized...

Social

Sziget Festival to cost Ft 2.2 bln in 2006

Sziget Kft, organizer of the one-week music festival on Budapest’s Óbuda Island each August, plans to spend Ft 2.2 billion...

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...