HUNGARIAN AMERICAN NEWS

AHF+/-

Sat, 04 Feb 2012 11:18:24 CST Hungary expects Serbia to get candidate status - B92 B92 Hungary expects Serbia to get candidate status B92 BELGRADE -- Hungarian Foreign Minister Janos Martonyi expects EU leaders to grant Serbia the EU candidate status in March. He added that Budapest strongly supported Serbia's efforts in the EU integration process. The Hungarian minister told daily ...

Sat, 04 Feb 2012 11:18:24 CST Hungary expects Serbia to get candidate status - B92 B92 Hungary expects Serbia to get candidate status B92 BELGRADE -- Hungarian Foreign Minister Janos Martonyi expects EU leaders to grant Serbia the EU candidate status in March. He added that Budapest strongly supported Serbia's efforts in the EU integration process. The Hungarian minister told daily ...

Sat, 04 Feb 2012 10:58:36 CST Hungary rejects the left, but is wary of the right - Vancouver Sun Toward Freedom Hungary rejects the left, but is wary of the right Vancouver Sun "The many conflicts were not random bush fires, but the result of very clear government work to end the post-communist era," Orban told the Hungarian Diaspora Council, an umbrella organization of ethnic Hungarians, late last year. Hungary's Orban seeks to wipe out communist pastReuters Democracy in Hungary Takes a Right TurnWorld Policy Institute (blog) "Hungary's public broadcasters violate European principles"B92 Toward Freedom -Sunday - Catholic Weekly -Politics.hu all 9 news articles »

Sat, 04 Feb 2012 10:58:36 CST Hungary rejects the left, but is wary of the right - Vancouver Sun Toward Freedom Hungary rejects the left, but is wary of the right Vancouver Sun "The many conflicts were not random bush fires, but the result of very clear government work to end the post-communist era," Orban told the Hungarian Diaspora Council, an umbrella organization of ethnic Hungarians, late last year. Democracy in Hungary Takes a Right TurnWorld Policy Institute (blog) "Hungary's public broadcasters violate European principles"B92 Eastern Europe's Conservative Crackdown on Reproductive FreedomToward Freedom Sunday - Catholic Weekly -Politics.hu all 9 news articles »

Sat, 04 Feb 2012 10:42:25 CST Hungary's national airline goes bust - Daily News & Analysis Bloomberg Hungary's national airline goes bust Daily News & Analysis Hungary's national carrier Malev has ceased operations and grounded all its flights due to the inability to cover a $270 million debt after the government stopped financing the airlines. "The owner, despite the best intentions, is unable to provide ... Hungarian National Airline Halts FlightsNew York Times Rivals swoop in as Hungary's Malev stops flyingReuters Hungary's Malev Folds as Euro Crisis Claims Second CarrierBloomberg Wall Street Journal (blog) all 345 news articles »

Sat, 04 Feb 2012 00:37:06 CST Hungarian hacker gets 30 months for extortion plot on Marriott A Hungarian hacker who attempted to extort money from Marriott International Inc. by stealing confidential data from its computers and threatening to expose it was sentenced to 30 months in prison.

Sat, 04 Feb 2012 00:20:18 CST Hungarian Gets 30-Month Sentence in Marriott Extortion Case - Voice of America (blog) Moneycontrol.com Hungarian Gets 30-Month Sentence in Marriott Extortion Case Voice of America (blog) The US Department of Justice says a Hungarian citizen has been sentenced to 30 months in prison for hacking into computers of Marriott International Corporation to extort employment from the company. A statement released Friday says 26-year-old Attila ... Hungarian Sentenced To 30 Months In Prison For Hacking Marriott ComputersWall Street Journal Hungarian man gets 2.5-year prison term for hacking Marriott computers, extortionWashington Post Hungarian hacker gets 30 months for extortion plot on MarriottComputerworld Moneycontrol.com -NBC4 Washington all 35 news articles »

Fri, 03 Feb 2012 21:14:35 CST Hungary Extends Gripen Lease but Swiss Choice Challenged - Aviation International News Aviation International News Hungary Extends Gripen Lease but Swiss Choice Challenged Aviation International News by Chris Pocock Hungary extended its lease of 14 Gripen C/D fighters to 2026. But Switzerland's choice of the Swedish fighter has not yet been confirmed, and Dassault has offered to adjust its competing offer for the Rafale. and more »

Fri, 03 Feb 2012 20:39:13 CST Hungarian gets 2-1/2 years in US prison for hacking - Moneycontrol.com Moneycontrol.com Hungarian gets 2-1/2 years in US prison for hacking Moneycontrol.com WASHINGTON (Reuters) - A Hungarian man was sentenced to 2-1/2 years in a US prison on Friday after he pleaded guilty to hacking into Marriott International Inc computers and threatening to reveal confidential information if the hotel chain refused to ... Marriott hacker-blackmailer gets 30 months in prisonGazette.Net: Maryland Community News Online all 35 news articles »

Fri, 03 Feb 2012 20:26:03 CST Hungarian National Airline Halts Flights - New York Times Bloomberg Hungarian National Airline Halts Flights New York Times PARIS — The Hungarian national airline, Malev, halted all flights Friday, stranding thousands of passengers after creditors started seizing its planes outside the country over unpaid debts, and becoming the second state-owned airline in a week to ... Rivals swoop in as Hungary's Malev stops flyingReuters Hungary's national airline goes bustDaily News & Analysis Hungary's national airline ceases operationsFox News Bloomberg all 345 news articles »

The Budapest Sun +/-

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XPAT Loop Hungary +/-

Sat, 04 Feb 2012 14:00:00 GMT Malév Is Dead, Long Live Low Cost Carriers? The predictable passing of Malév triggered rapid expansion announcements from both Ryanair and Wizz Air. SmartWings, Air Berlin and others have added flights, with more low cost carriers positioned to pounce. All good for budget travelers as prices are driven down via increased competition. More consumer choice is usually good, but given the economic climate will it be a no frills future for the Hungarian airline market? The curt closure of one of Europe’s oldest airlines is sad news for some, particularly 7,000+ stranded passengers and 2000+ employees of the Hungarian flag carrier. Industry experience indicates, and as current events are demonstrating, the majority of services handled by Malév will soon be taken over by existing airlines; and new carriers ready to gamble on niche routes from Budapest.

Fri, 03 Feb 2012 11:11:00 GMT Malév Grounded, Hungarian Airline Crisis Advice Malév stopped operations after 66 years of flying this morning at 6am CET, Friday 3 February. A company announcement explained the shutdown was due to the airline being unable to finance advance payments to its service partners who had “lost trust” in the Hungarian national carrier. XpatLoop.com was invited to a special event in Budapest today where a Ryanair 'rescue plan for Budapest and Hungarian tourism' , was revealed to deal with the crisis resulting from the collapse of Malév - 31 new routes to and from Hungary have been announced with fares from EURO 9.99. Also today a bold statement was made about WizzAir plans to invest USD 100 million into expanding its operations in Budapest.

Fri, 03 Feb 2012 10:00:00 GMT Ryanair To Open Budapest Base, 31 New Routes Following the grounding of Malév today Ryanair announced that it intends to launch 'a rescue plan' for Hungarian air travel and tourism. Ryanair confirmed that it will base 4 new Boeing 737-800 aircraft at Budapest Airport commencing Friday 17th February. Fares will start from EURO 9.99 (approx. HUF2,999), the routes aim to deliver up to 2 million passengers per year. Ryanair is still in discussions with the airport and the Hungarian government to finalise the plan which aims to save around 2,000 jobs, and replace most of the traffic and routes lost due to the collapse of the national carrier.

Fri, 03 Feb 2012 09:50:00 GMT Wizz Air To Invest USD 100 million In Budapest Wizz Air, the largest low fare - low cost airline in Central and Eastern Europe announced today that it would invest HUF 25 billion (USD 100m) into expanding its operations in Budapest. As of March 2012, the airline will add two Airbus A320 aircraft to its Budapest base, a 66% increase in overall capacity. The airline says one result will be 700 new jobs.

Fri, 03 Feb 2012 09:08:00 GMT Budapest Airport Operating Despite Malév's Collapse "Budapest Airport is continously operating despite the suspension of Malév's flights. We are working to ensure that passengers with Malév tickets shall arrive to their destination by rebooking on other airlines.

Fri, 03 Feb 2012 09:07:00 GMT Wizz Air Offers Rescue Fares To Malév Passengers Wizz Air, the largest low fare – low cost airline in Central and Eastern Europe announced today that it would provide a special rescue package to passengers impacted by the suspension of Malev’s operations by offering re-routing alternatives to/from Budapest.

Fri, 03 Feb 2012 09:05:00 GMT Malév Hungarian Airlines Grounded Announcement Official Statement: "Based on the Board of Directors’ decision Hungary’s National Airline ceased its operation to minimize its losses. According to this statement, after nearly 66 years of continuous operation, Malév aircrafts will not depart from 6am on 03 February 2012.

Fri, 03 Feb 2012 09:04:00 GMT Invitation: International Circus Festival In Budapest Until 6 February Tickets are now available for the International Circus Festival, held in Budapest for the 9th time. The Festival is a unique celebration of circus arts, providing fantastic entertainment for audiences and a serious competition for the professionals participating between 2-6 February 2012. Once again the organisers aim to present the best International and Hungarian circus artists, and say they are proud that Budapest is establishing itself as a circus city.

Fri, 03 Feb 2012 09:00:00 GMT Joint Hungarian-Swedish Stamp Issue In Memory Of Raoul Wallenberg "Magyar Posta and the Swedish Post are planning a joint stamp issue in May 2012 in honour of the centenary of the birth of Raoul Wallenberg. The joint stamp issue will coincide with the opening of a special thematic exhibition in the Stamp Museum in Budapest entitled “Rescuers”.

Fri, 03 Feb 2012 09:00:00 GMT Rogán: Budapest Must Cut Spending "Budapest should tighten its belt if it is to bail out the public transport company BKV, Fifth District mayor Antal Rogán said in a statement issued on Thursday. Rogán, a Fidesz MP, said Budapest did not provide one forint of operational support to the transport company in 2010 and 2011, while the government gave it over Ft 140 billion in subsidies.

Budapest Times - Top News +/-

Sat, 04 Feb 2012 05:30:53 -0500 Szabós’ The Door heads film festival The Magyar Filmszemle, Hungary’s most important film festival, is in the Uránia cinema until Sunday. The event is in its 43rd year but lack of funds due to the absence of state support means the festival has been trimmed to the bare bones.

Sat, 04 Feb 2012 05:30:12 -0500 Pork on the fork Visitors to Budapest’s 5th Mangalica festival this weekend will be able to see, buy and taste one of Hungary’s more unique food products when over 30 producers of mangalica pig take up residence on District V’s Szabadság tér.

Fri, 03 Feb 2012 09:27:18 -0500 Nationalists turn to EU for justice A member of the far-right party Jobbik plans to write to European Commission Vice-President Neelie Kroes over what he describes as the “outrageously meagre coverage” of his party in Hungarian media. As Commissioner for the Digital Agenda, Kroes is responsible for enforcing EU rules on press freedom, and has been a fierce critic of the restrictive media laws introduced by Prime Minister Viktor Orbán’s conservative government.

Fri, 03 Feb 2012 09:26:48 -0500 Race row town names its enemies The nationalist-led local council of Gyöngyöspata has declared ex-socialist prime minister Ferenc Gyurcsány and the Hungarian Civil Liberties Union (HCLU) personas non grata, a town official told the daily Népszabadság on Tuesday.

Mon, 30 Jan 2012 15:17:37 -0500 Ethiopia terrorism victims return Three Hungarian survivors of a terrorist attack in Ethiopia on 17 January have returned home.

Mon, 30 Jan 2012 15:16:42 -0500 Orbán: IMF wants to give us money Hungary takes the EU's legal system seriously, Prime Minister Viktor Orbán told reporters last Friday after meeting Austria's Vice-Chancellor and Foreign Minister, Michael Spindelegger, in Budapest. The government is ready to amend legislation found by the European Commission to run counter to European Union law, Orbán said. What is more, Hungary does not want to live on Austrian money, he added.

Mon, 30 Jan 2012 15:12:44 -0500 US boosts spending The US will increase its military subsidy for Hungary's Afghanistan deployment...

Mon, 30 Jan 2012 15:11:53 -0500 Demo squeeze off to court The green-liberal LMP, the smallest opposition party in Parliament, has said it will turn to the courts over what it sees as a government move to prevent demonstrations in central Budapest on the 15 March holiday.

Mon, 30 Jan 2012 15:08:45 -0500 John Malkovich in slimmer spring festival Budapest Spring Festival will feature 48 performances over 11 days, six fewer than last year, managing director of Budapest Festival Centre Zsófia Vitézi announced on Tuesday. The festival, organised for the 32nd time, will run from 16 to 26 March in 15 locations.

Mon, 30 Jan 2012 15:08:09 -0500 Eurovision honour goes up for grabs this weekend The two semi-finals to select Hungary’s entry in the Eurovision Song Contest in the Azerbaijani capital Baku from 22-26 May will be held on Saturday 28 January and Saturday 4 February

XPAT Loop Business+/-

Wed, 01 Feb 2012 09:00:00 GMT Fee Change Costs Visa Market Share In Hungary "The number of Visa cards in circulation in Hungary stood at 1.96 million in September, a decline of 22.3% year-on-year, Visa's Hungarian director Ede Kiss announced. The decline is partly due to an agreement with the EU on lower fixed interchange fees.

Tue, 31 Jan 2012 09:00:00 GMT Michelin Puts Off Investment, Citing Uncertainties In Hungary "Tyre maker Michelin has indefinitely postponed plans to expand capacity at its plant in Nyiregyhaza, due to the uncertain economic environment under the present government, the Hungarian unit’s managing director John Young told Vilaggazdasag.

Fri, 27 Jan 2012 09:00:00 GMT Hungarian Concorde Analysts Got It Right Most "Analysts at Concorde brokerage gave the most reliable equity targets for Hungarian and regional stocks to institutional investors in 2011, according to a survey by Bloomberg.

Wed, 25 Jan 2012 01:00:00 GMT Michelin Postpones Capacity Expansion In Hungary - Report "French tire maker Compagnie des Etablissements Michelin SA (ML.FR) has said it is putting plans to expand its manufacturing capacity in Hungary on hold, business daily Vilaggazdasag reports Wednesday."

Tue, 24 Jan 2012 09:02:00 GMT Hungarian Chamber of Commerce & Industry Makes Chamber Membership Compulsory "The Hungarian Chamber of Commerce and Industry (MKIK) held an extraordinary meeting to approve the compulsory membership required by recent legislation. All companies, with the exception of agricultural businesses, must register with the MKIK and pay an annual membership fee of Ft 5,000.

Tue, 24 Jan 2012 01:00:00 GMT Hungary Expects E20bn Loan By April "HUungary could secure a new funding deal worth as much as e20 billion (R205bn) with international banks by March or April, a government official said yesterday as economic sentiment in the emerging European economy plunged to a two-year low."

Mon, 23 Jan 2012 09:01:00 GMT AmCham Business Forum With Iryna V. Ivaschenko, Budapest Marriott Hotel, 24 January "The American Chamber of Commerce in Hungary cordially invites you to its first Business Forum in 2012 with Iryna V. Ivaschenko, Resident Representative in Hungary, International Monetary Fund. The event date is subject to the status of the negotiations with the IMF.

Thu, 19 Jan 2012 01:00:00 GMT IMF Said To Make Hungary’s Flat Tax Part Of Bailout Talks "The International Monetary Fund may require Hungary to change its flat personal income tax as part of a bailout agreement, according to a person familiar with the Washington-based lender’s preparations for the talks. The flat tax will be an important part in any program discussion, said the person, who declined to be identified because official talks haven’t started."

Wed, 18 Jan 2012 01:00:00 GMT Forint Gains As Hungary Exceeds Auction Plan Under Aid Pressure "The forint rebounded from a two-day drop against the euro and Hungary raised more debt than planned at an auction today as pressure rose for the European Union’s most indebted eastern member to meet conditions for a bailout."

Tue, 17 Jan 2012 09:04:00 GMT Online Discount Bank Registered In Hungary "The Company Court has officially registered Webbank, founded to assist borrowers in converting their foreign-currency mortgage loans. The bank is to have Ft 3 billion of capital, 49% of that provided by the state and 51% by private investors. Webbank will have only one branch, but its operations will be based entirely on the internet, to keep operating costs low.

The Budapest Times +/-

Fri, 03 Feb 2012 09:29:51 -0500 Government taps mobile market The three foreign-owned mobile phone providers operating in Hungary will soon face a little local competition after a consortium of state-owned firms won a bid to operate on the GSM-900 frequency band. Magyar Posta, electricity firm MVM and the Hungarian Development Bank (MFB) bid HUF 10 billion (EUR 34.41 million) for the rights to a 5 MHz chunk of the GSM-900 waveband. Encumbent service providers successfully bid for smaller packets to augment their existing bandwidth.

Mon, 30 Jan 2012 15:44:59 -0500 Makovecz leaves hope of jobs at spa One of the last and biggest works of the late architect Imre Makovecz, the Hagymatikum Bath, was inaugurated in Makó last Friday. Makovecz - who died at the age of 75 last September - is famed for his “organic” designs that incorporate wood and stone and blend into their natural surroundings.

Mon, 30 Jan 2012 15:43:41 -0500 New conference facilities at InterContinental InterContinental Budapest completed renovating its conference facilities this month, giving the entire conference floor a new, sophisticated, state-of-the-art look and feel.

Mon, 30 Jan 2012 15:41:17 -0500 Michelin slams the brakes Michelin Hungary managing director John Young announced on Wednesday that it is postponing investment plans owing to the uncertain economic environment.

Tue, 17 Jan 2012 08:30:15 -0500 Deutsche Telekom unit sets up R&D base IT Services Hungary (ITSH), a subsidiary of the German firm Deutsche Telekom, is to open a research and development facility at its “Budapest Service Center”.

Budapest Stock Exchange +/-

Fri, 03 Feb 2012 18:09:40 +0100 Commodity Market Daily futures and option statistics - BSE Commodity Market Daily futures and option statistics

Fri, 03 Feb 2012 17:30:59 +0100 Daily report - BSE Daily report

Fri, 03 Feb 2012 17:10:30 +0100 Trading of EBDAXTS19 has been resumed. - EBDAXTS19 Trading of EBDAXTS19 has been resumed.

Fri, 03 Feb 2012 15:58:47 +0100 BSE Shareholders - BSE Changes in ownership structure

Fri, 03 Feb 2012 15:36:51 +0100 BSE Shareholders - BSE Shareholder Structure of the BSE

Fri, 03 Feb 2012 14:36:34 +0100 Trading of EBDAXTS19 has been suspended by exchange resolution. - EBDAXTS19 Trading of EBDAXTS19 has been suspended by exchange resolution.

Thu, 02 Feb 2012 18:12:41 +0100 Commodity Market Daily futures and option statistics - BSE Commodity Market Daily futures and option statistics

Thu, 02 Feb 2012 17:29:57 +0100 Daily report - BSE Daily report

Thu, 02 Feb 2012 14:35:00 +0100 Trading of FORRAS/T has been resumed. - FORRAS/T Trading of FORRAS/T has been resumed.

Thu, 02 Feb 2012 14:30:07 +0100 Trading of FORRAS/T has been halted owing to price movement. - FORRAS/T Trading of FORRAS/T has been halted owing to price movement.