Vienna/Budapest  - The Chief Executive of Austrian energy firm OMV said Thursday that his company would not back off from plans to takeover Hungarian peer MOL after OMV failed to block any of the M

Budapest - Hungary's central bank is expected to raise its key interest rate by 25 basis points to a three-year high of 8.25 per cent next Monday, a poll of analysts found.

The median consensus of the poll of 21 analysts by financial website portfolio. hu found a 25-basis-point hike the most likely scenario, although several believed the central bank could possible hike to 8.5 per cent.

The bank hiked rates by 50 basis points to 8 per cent last month, with governor Andras Simor citing long-term inflationary pressures and global economic problems caused by the US recession. The hike was the first in six months and came as inflation remained high.

Budapest  -  Hungary's gross average wages grew by 13.4 per cent year-on-year in February after a January slowdown, the Central Statistical Office (KSH) said Thursday, raising expectations of furth

Budapest  - Hungarian energy firm MOL said Wednesday it hoped a joint venture with ExxonMobil and the UK's Falcon Oil and Gas could lead to unconventional gas being extracted from Hungary's Mako tr

Budapest  - A prominent Nazi-hunter slammed Hungary Wednesday for failing to prosecute a suspected war criminal on the day the Central European nation commemorated the victims of the Holocaust.