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NewsBKV scandal curbs MSZP

Budapest news The former deputy mayor of Budapest and Hungarian Socialist Party (MSZP) MP Miklós Hagyó last Tuesday withdrew his candidacy in the forthcoming general election and resigned his seat on the city council. His move followed pressure from the party leadership amid concerns over Hagyó’s proximity to a corruption scandal.
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PoliticsSmall talk

Budapest news Viktor Orbán, the leader of Hungary’s centre-right opposition party Fidesz, last Friday gave the impression that he felt April’s general elections were a mere formality on his journey back into government.
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CIRIS Budapest
EconomyTakarékBank Weekly Economy Watch - What happened so far – and what will happen after elections?

Budapest newsAt the end of January the government submitted the updated Convergence Programme for 2009-2012 to the European Commission. Having a quick look at the document provides us with a chance of considering economic policies and macroeconomic developments of the past four years and of looking ahead to the next parliamentary term.
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CultureTemps d’Image festival kicks off this week

Budapest news Temps d’Image is a programme created by the German-French television channel Arte and the French art and culture centre La ferme du Buisson to promote international theatre collaborations.
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Eating OutSercli - Made to match

Budapest news Sercli’s name translates as the “bread crust”, but this attractive restaurant serves a far greater range of food. Situated near Ferenciek tere in Veres Palné utca in a newly renovated building with floor-to-ceiling windows, the warm lighting and discrete interior design of the modern restaurant create a very inviting ambience.
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LeisureClearly heaven

Budapest newsThanks to its thermal sources and above all the largest thermal lake in Europe, Hévíz is best known as a health resort for the relief of various, mainly age-related, pains. In an effort to attract a broader range of guests, more and more hotels are offering a range of “wellness” services. These include the four-star Danubius Hotel Health Spa AQUA Resort.
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Material suitable for 'dirty bomb', say Slovaks
Written by Michael Logan   
Monday, 03 December 2007

Enriched uranium seized at border

Two Hungarians and a Ukrainian have been arrested for allegedly trying to sell half a kilogram of enriched uranium that could have been used in a ‘dirty bomb’, Slovak police said last Thursday.

“This uranium is all the more dangerous because it is powdered,” CTK news agency reported Slovak deputy police chief Michal Kopcik as saying. “According to the first findings, it could have been used for a production of a dirty bomb and terrorist attacks of various kinds.”

Sellers caught, buyers not

The Slovak organised crime unit, working in conjunction with Hungarian police, arrested the three men at the eastern Pribenik-Lácacséke border crossing between Hungary and Slovakia last Wednesday. The men allegedly planned to sell 481.4 grams of uranium, which Slovak police said originated in the former Soviet Union, for USD 3,500 dollars per gram. The prospective buyers of the radioactive material were not arrested, however. The seizure was made before the transaction took place. Police have not said who the buyers were.

The International Atomic Energy Agency (IAEA) in Vienna declined to officially comment on the case, saying it was still a domestic criminal investigation and that everything around the case was purely conjecture. According to IAEA officials, there are huge amounts of low-grade radioactive material floating around in the region.

The Slovak authorities have not yet disclosed how enriched the uranium was, but the kind of money allegedly being demanded for the material has raised suspicions that it is relatively high grade. Uranium must be enriched to contain at least 85% of the U235 isotope in order to be weapons grade.

There has long been concern about smuggling from the former Soviet Union, which saw security at nuclear facilities crumble following the end of the Soviet Union in 1991. This is not the first time such material has been seized in the region. Police arrested two men in the Czech Republic in 2003 for allegedly selling three kilograms of low-enriched uranium to undercover officers for almost one million dollars.


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Budapest news The International Master’s in Management (IMM) has been among the best executive MBA-s of the world for seven years. During this period according to The Financial Times it has been no.1 regarding International Course Content and has also been among the top twenty five on the overall scale.
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Corporate Finance / M&A CornerHiring a lawyer to help sell your company or raise capital

Budapest news If you are looking to undertake a transaction such as raising capital or selling your company, a lawyer will be a vital part of your team.  This article will first describe the role that a lawyer will typically play in a transaction, then provide guidance on how to select a firm or individual who may best fulfill that role. The lawyer’s role in a transaction
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What lies beneathStairway to Heaven; Elevator from Hell

Budapest news I have just learned that the elevator in our four-floor building is not owned by the building. It is owned by the company that owns the fourth floor. The company that owns the fourth floor also owes the building six million forints (EUR 22,280) in back payments on common fees, which is probably all the common fees owed since they moved in.
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Letters to the EditorHappy Christmas

article thumbnai This time around it's a letter FROM the Editor: How can you miss us if we don’t go away? Well, the Times staff has already made tracks (except for the office girls that answer the phones, issue the paycheques and all that technical stuff. They only get the public holidays off).
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EditorialBKV a reflection of Hungary’s ailments

Budapest newsUntil recently Budapest public transport company BKV generally appeared in the press when it was broke (again) and had to beg the state for funds, or when one of its dilapidated buses had gone up in flames (again).
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