Budapest - Hungary's socialist Prime Minister Ferenc Gyurcsany reacted angrily on Tuesday to comments made in an interview in the UK Financial Times newspaper by his arch rival, the centre- right opposition leader Viktor Orban.
Orban accused the Hungarian government of wasting the opportunity to use the 25-billion-dollar rescue loan granted by the International Monetary Fund, the EU and the World Bank last October.
Budapest - Hungary's Prime Minister Ferenc Gyurcsany on Monday expressed concern over the ongoing rapid weakening of Hungary's currency, the forint, after signalling that euro adoption is now a matter of urgency.
"The government is distinctly worried by the rapid fall in the value of the forint, and the fact that it is very difficult for businesses and individuals to get credit from banks," Gyurcsany said on Monday.
Budapest - The Hungarian energy firm MOL and the Croatian government signed a deal on Friday over the unbundling of the gas unit of Croatian firm INA, in which MOL holds the largest stake.
In the buyout deal, Croatian state-owned Plinacro will pay 514 million Croatian kuna (89.44 million dollars) for INA's gas interests, which include the large Okoli storage facility near the capital Zagreb, MOL said in a statement.
The contracts were signed in Zagreb by Croatian Deputy Prime Minister Damir Polancec and the CEO of MOL, Zsolt Hernadi.
Budapest - The Budapest Stock Exchange suspended trading in shares of the Hungarian oil and gas company MOL just after 2 pm on Thursday citing a major forthcoming announcement by the company.
Trading in MOL shares will remain suspended on Friday and on Monday, February 2, the stock exchange announced.
"The issuer informed the bourse on January 29 that is about to make an extraordinary announcement that could greatly affect the share price, so it requested that trading be suspended," the CEO of the exchange, Gyorgy Mohai said in a statement.
Budapest - In Hungary's sixth bank robbery in just two weeks, an armed man wearing a baseball cap and sunglasses demanded cash on Wednesday morning from a branch of Unicredit bank in a Budapest shopping centre before making his escape on foot.
A couple of hours later, an armed man robbed a security van of several sacks of money outside another mall on the other side of the city. The police said they have no reason so far to think the crimes were connected.
Budapest - The Budapest Nabucco summit has broken the "deadlock that (the gas pipeline project) has suffered over the past few years," Hungarian Prime Minister Ferenc Gyurcsany told the press on Tuesday afternoon after the conclusion of high-level meetings with stakeholder countries and potential gas suppliers.
"We will do everything we can to make sure that stakeholder countries can come to an intergovernmental agreement by the middle of June," Gyurcsany said. "Following this we will endeavour to set up preliminary agreements with supply countries," he added.
Budapest - Hungary's socialist Prime Minister Ferenc Gyurcsany reacted angrily on Tuesday to comments made in an interview in the UK Financial Times newspaper by his arch rival, the centre- right opposition leader Viktor Orban.
Budapest - Hungary's Prime Minister Ferenc Gyurcsany on Monday expressed concern over the ongoing rapid weakening of Hungary's currency, the forint, after signalling that euro adoption is now a matter of urgency.
Budapest - The Hungarian energy firm MOL and the Croatian government signed a deal on Friday over the unbundling of the gas unit of Croatian firm INA, in which MOL holds the largest stake.
Budapest - The Budapest Stock Exchange suspended trading in shares of the Hungarian oil and gas company MOL just after 2 pm on Thursday citing a major forthcoming announcement by the company.
Budapest - The Budapest Nabucco summit has broken the "deadlock that (the gas pipeline project) has suffered over the past few years," Hungarian Prime Minister Ferenc Gyurcsany told the press on Tuesday afternoon after the conclusion of high-level meetings with stakeholder countries and potential gas suppliers.
