A tenth of the creditors of Megyeri-bridge main
contractor Ganz Acél (GA) last week signed agreements on accepting only
around a third of the amount they are owed from the construction works
of Budapest’s new bridge, a deputy CEO of one of GA’s parent companies
said in a press conference last Tuesday. Continue »

István Dósa, a former member and captain of the
Hungarian Guard denied the existence of the Holocaust at a rally in
front of the German Embassy on Saturday before the last, which made
even leaders of the Movement for a Better Hungary (Jobbik) create
further distance from the seceded brigade. Continue »

PM Gordon Bajnai nominated economist István Varga for
the post of economy minister last week after Bajnai’s original choice,
Tamás Vahl withdrew his candidacy after it emerged that a company he
had headed, SAP Hungary was found guilty of involvement in a cartel.  Continue »

Last Thursday’s AGM of Hungarian oil giant MOL approved
management plans to better-protect itself from hostile takeover. The
meeting was held without the representatives of more than 20%
shareholder Surgutneftegas after MOL told the Russian firm that it did
not receive its actual report on purchasing the shares from Austrian
OMV. Continue »

The body of Eva Rhodes, a British former model who went
missing in September 2008, was found last Thursday near the dog shelter
she set up upon returning to Hungary in the 1990s.  Continue »

It’s about time the rest of the world caught up with
Hungary. I have friends who tell me that Americans, who can be
irritatingly cheerful, optimistic and upbeat, even in the worst of
times, are beginning to feel gloomy and depressed. I have similar
reports from Canadian friends and business associates. Continue »

Events in Budapest between 27 April and 5 May Continue »

At first glance the entrance to the Chez Daniel
restaurant at Szív utca 32 does not stand out from that of other
buildings in the Pest city centre. The inner courtyard, however, turns
out to be a pleasant terrace with a cosy atmosphere.  Continue »