Consumer prices rose 3.9 per cent in October and in the first ten months of 2011 compared to the same periods of 2010, the Central Statistical Office announced this week.  Continue »

Israeli-owned drug maker Teva says it will soon complete a HUF 30 billion (EUR 95.41 million) expansion of its Gödöll? plant, where it will employ an additional 300 people.  Continue »

Luxembourg-headquartered property developer ORCO said this week that its shares will no longer be traded on Budapest Stock Exchange from 1 December. Continue »

Industrial gross output rose 3 per cent in September compared to September 2010, the Central Statistical Office announced on Tuesday. Continue »

For the first time Budapest’s international airport exceeded 800,000 passenger in October, putting it on course to reach the targeted annual total of 8.7 million travellers.  Continue »

Hungarian oil corporate MOL has defied analyst expectations to close the third quarter of the year HUF 36.4 billion (EUR 116.28 million) in the black, the company announced on the Budapest Stock Exchange website on Tuesday.  Continue »

Homeless people found living on the streets more than twice in six months will be fined up to HUF 100,000 (EUR 319) or jailed after MPs passed an amendment to the Criminal Code on Monday. The change was passed by 293-61 votes and will be in force from 1 December. Continue »

The Várkertbazár (Castle Garden Bazaar), the building complex at the foot of Castle Hill beside the Danube River, should be fully renovated by March 2014, Ferenc Zumbok, the ministerial commissioner in charge of renovation projects in the district, said on Tuesday.  Continue »

The government has made it clear since taking office that it will no longer allow the IMF to interfere and rob Hungary of its “financial autonomy”. This remained the message this week even as ratings agencies warned of a possible downgrade and the forint fell to a historical low against the euro.  Continue »

A child smuggled across a border during the Second World War and growing up under an invasive and dictatorial regime; love and loss; drudgery and luxury; bear-hunting parties in the Carpathians; and a happy ending: this book has all the elements of an engaging read despite its serious historical setting.  Continue »