Budapest, November 28 (MTI) – Hungary needs to continue with its
reforms, act to boost competitiveness and cut state spending,
President of the central bank Andras Simor said at a meeting of the
German-Hungarian Chamber of Commerce on Wednesday. Continue »

Budapest, November 28 (MTI) – The motorway connecting Vienna and
Budapest was closed down about 40 kilometres from Budapest on
Wednesday night after a truck overturned and spilled a load of
bricks onto the pavement. Police reported that the spill covered the entire road surface
and they have closed the road to traffic pending cleanup. Vehicles
are being directed to secondary roads for the duration. No
information was available on injuries. Continue »

Budapest, November 28 (MTI) – A meeting between Prime Minister
Ferenc Gyurcsany and Wolfgang Ruttenstorfer, CEO of Austrian-based
fuels group OMV on Wednesday failed to trigger a breakthrough or
even reduce differences in their regarding a merger between OMV and
its Hungarian peer Mol, the PM’s advisor told MTI after the meeting. Continue »

Budapest, November 28 (MTI) – Hungary is disappointed over the
failure of talks about Kosovo’s future, spokesman for the Hungarian
Foreign Ministry Lajos Szelestey told MTI on Wednesday. Continue »

Budapest, November 28 (MTI) – The Hungarian Foreign Ministry
welcomes the achievements made at the Middle East conference in
Annapolis because they pave the way for an Israeli-Palestinian
accord and the establishment in 2008 of an independent, sovereign
Palestinian state that lives in peace with its neighbours, Foreign
Affairs Spokesman Lajos Szelestey said. The spokesman noted that the conference had been the first
occasion in seven years in which Israeli and Palestinian leaders and
the foreign ministers of other countries in the region had held
talks on putting an end to the Israeli-Palestinian conflict through
negotiations and laid the foundations for comprehensive peace in the
region. The European Union, including Hungary, has contributed to
organising the Annapolis conference and is ready to continue to
promote the process of rapprochement started there, Szelestey said. Continue »

Budapest, November 28 (MTI) – The independence of Hungary’s
courts is beyond question as the judiciary has attained the highest
possible degree of organisational independence, Hungarian President
Laszlo Solyom told a ceremonious meeting of the Supreme Court,
marking the 125th anniversary of the foundation of its legal
predecessor, the High Court of Justice. Continue »

Budapest, November 28 (MTI) – The government on Wednesday
approved an update to Hungary’s euro convergence programme with a
public finance deficit target lowered to 6.2 percent of GDP this
year from an earlier 6.4, Finance Minister Janos Veres said. Continue »

Budapest, November 28 (MTI) – The Budapest Stock Exchange’s BUX
index closed trading at 24,667.34 points on Wednesday, up by 767.99
points or 3.21 percent compared to Thesday’s close. Overall trading amounted to 38.54 billion forints (about 148.2
million euros). Continue »

Budapest, November 28 (MTI) – Main opposition Fidesz would win
67 percent of seats in Parliament and the senior governing Socialist
(MSZP) party 23 percent if elections were held now, a survey by
pollster Tarki published on Wednesday said. Continue »

Budapest, November 28 (MTI) – Sunny and clear without any rain
or snow. Southerly, south-easterly moderate winds. Lowest night-time temperatures will be between -3 and -8 degrees
Celsius while the daytime highs will be between 0 and 4 degrees
Celsius, the National Weather Service forecasts. Continue »