Business
Monday 13:14, February 8th, 2010
The licensing process for two new blocks at the Paks Nuclear Power Plant could be completed in 2014-2015 and construction finished by 2020-2025, thus providing the facility with an additional 2,000MW of capacity, plant CEO János Süli told the business daily Napi Gazdasag in an interview published on Monday.
Money & Investment
17:45, Feb 8 | The National Bank of Hungary (MNB) on Monday announced a program to support growth on the forint-denominated mortgage loan and mortgage bond market through bond purchases up to HUF 100 billion and regulatory initiatives based on a decision by rate-setters. Economy
17:04, Feb 8 | Guest nights spent at commercial accommodations in Hungary fell 7.0% to 913,000 in December 2009 from a year earlier, the Central Statistical Office (KSH) said on Monday. Foreign guest nights fell less, by 3.5% to 441,000 in December and domestic guest nights fell 10.0%. Business
16:33, Feb 8 | Hungary's financial market regulator PSzÁF on Monday said it reported Freedom Rocks Inc, a US-based distributor of software for forex trading, to the police on suspicion of organizing a pyramid scheme. Business
15:59, Feb 8 | Majority Hungarian-owned biotechnology company Solvo's sales jumped 60% to more than €3 million in 2009, CEO Ernő Duda told MTI, citing preliminary data. Business
15:12, Feb 8 | ONGC, India's largest state-owned oil company, is seeking ways to expand cooperation with Hungarian oil and gas company MOL to jointly pursue exploration and production opportunities in third countries, India's The Economic Times (ET) reported on Monday. Business
14:34, Feb 8 | Hungarian IT company NEXON increased profit to HUF 290 million (€1.06 million) from HUF 259 million in 2009, generating a HUF 26 million rise in turnover to HUF 2.82 billion last year, the company informed MTI. Business
13:48, Feb 8 | A recent government decree will speed up the licensing procedures for Irish-owned Pannónia Ethanol's planned bioethanol plant, the business daily Napi Gazdaság said on Monday. Business
12:11, Feb 8 | A campaign by Toyota to recall its cars because of accelerator pedal problems could affect a total of 22,000 cars in Hungary, Toyota Motor Hungary communication director Ferenc Som told MTI on Monday. Economy
11:20, Feb 8 | Hungary's real-estate registry as well as company and bankruptcy data must be made accessible through the European Justice Portal, according to a government decree published in the most recent issue of the official gazette Magyar Közlöny. Economy
10:09, Feb 8 | Guest nights spent at commercial accommodations in Hungary fell 7.0% to 913,000 in December 2009 from a year earlier, the Central Statistical Office (KSH) said on Monday. Foreign guest nights fell less, by 3.5% to 441,000 in December and domestic guest nights fell 10.0%. Business
10:07, Feb 8 | Shareholders of the Hungarian airline company Malév are to decide on settling the company's capital position at Tuesday's EGM if agreement is reached at the ongoing Hungarian-Russian talks by then. Politics
09:13, Feb 8 | Ukraine's opposition leader Viktor Yanukovich headed for a slender victory on Monday in a bitterly contested presidential election but rival Yulia Tymoshenko refused to concede. Business
08:38, Feb 8 | Lloyds Banking Group is in talks with private equity firms interested in buying a controlling stake in its Integrated Finance unit, according to the Mail on Sunday. Business
08:03, Feb 8 | Japan Airlines Corp will keep its partnership with American Airlines in the Oneworld alliance and end talks with Delta Air Lines and the rival SkyTeam group, the Asahi newspaper reported. Business
17:05, Feb 5 | Hungarian drug company Egis signed an agreement with South Korea's Celltrion Group to distribute Celltrion's biopharmaceutical products based on FDA/EMA standard, Egis announced. Business
17:03, Feb 5 | Budapest Ferihegy international airport operator Budapest Airport (BA) expects passenger traffic at the airport to increase in 2010, reaching or even exceeding its 2008 figure of 8.4 million, after falling to 8.1 million in 2009, BA communications director Mihály Hardy told MTI. Economy
16:03, Feb 5 | Hungary aims to expand its sewerage network to cover 90% of the country by 2015, up from the current 71.3%, environment minister state secretary István Kling said. Energy
16:01, Feb 5 | Hungarian oil and gas company will focus on investments at its Croatian unit INA and a consolidation of existing upstream and downstream projects this year, CEO Zsolt Hernádi said in an interview with Reuters. 
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Business
15:01, Feb 5 | British Airways posted a surprise third-quarter operating profit, reflecting a 10.5% reduction in costs, but said it still expected to make a record loss in the full year. Business
14:59, Feb 5 | Panasonic Corp said its quarterly profit jumped more than threefold to the highest level in five quarters as it cut costs and enjoyed robust TV sales, and the Japanese electronics maker lifted its outlook to beat market expectations. Business
13:52, Feb 5 | Toyota Motor Corp is preparing to recall its iconic Prius hybrid car to address more than 100 complaints about delayed braking, spreading the top automaker's quality woes to one of its most important models. BBJ Portfolio
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