Hungary News

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Fri, 9 May 2008 18:17:00 GMT

Exxon Hungary E&P Moves

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Fri, 9 May 2008 18:17:00 GMT

ABR-Affinity BioReagents Inks New Distribution Agreements in Switzerland and Hungary

DENVER and GOLDEN, Colo., May 9 /PRNewswire/ -- ABR-Affinity BioReagents, a leading global antibody manufacturer, announced today the finalization of new distribution agreements with LuBioScience GmbH, headquartered in Lucerne, Switzerland and
Fri, 9 May 2008 17:42:00 GMT

MOL picks 35% stake in ONGC's block in Himalayan foothills

NEW DELHI: Budapest-based MOL Hungarian Oil and Gas Plc have taken a 35 per cent stake in Oil and Natural Gas Corporation's onshore exploration block in the Himalayan foothills. MOL will take stake in block HF-ONN-2001/1, an ONGC press release said here.
Fri, 9 May 2008 17:31:00 GMT

Jia Foresees Broad Prospects for China-Hungary Economic Co-op

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Fri, 9 May 2008 16:46:00 GMT

ABR-Affinity BioReagents Inks New Distribution Agreements in Switzerland and Hungary

DENVER and GOLDEN, Colo., May 9 /PRNewswire/ -- ABR-Affinity BioReagents, a leading global antibody manufacturer, announced today the finalization of new distribution agreements with LuBioScience GmbH, headquartered in Lucerne, Switzerland and
Fri, 9 May 2008 16:29:00 GMT

Hungarian bourse works off losses, BUX index closes just 0.1% downFriday

BUDAPEST. MAY 9. INTERFAX CENTRAL EUROPE - Stocks on the Budapest Stock Exchange recovered from sharp losses during the day Friday to close just a tad in the red, helped by strong performances from oil major MOL and telecom firm Magyar Telekom. After
Fri, 9 May 2008 15:27:00 GMT

Chinese delegates in Hungary: Tibetan protest cancel scheduled tour of River Danube

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Fri, 9 May 2008 15:02:00 GMT

Schaffner shifting some work to Hungary

- Electronic components manufacturer Schaffner Holding is relocating its European volume output of electromagnetic-compatible and power-quality products to Kecskemt, Hungary. The Luterbach, Switzerland-based company is going through a reorganisation
Fri, 9 May 2008 14:05:00 GMT

MOL picks 35% stake in ONGC

New Delhi, May 9: Budapest-based MOL Hungarian Oil and Gas Plc has taken a 35 per cent stake in Oil and Natural Gas Corporation's onshore exploration block in the Himalayan foothills. MOL will take stake in block HF-ONN-2001/1, an ONGC press release said
Fri, 9 May 2008 13:36:00 GMT

Hungarian, Croatian presidents hoping for pro-Europe win in Serbia

Budapest - The presidents of Croatia and Hungary on Friday said they hoped that Europe-friendly forces would win parliamentary elections in Serbia scheduled for Sunday. The election is being billed as a choice between closer ties to Europe with eventual
Fri, 9 May 2008 11:43:00 GMT

Hungarian agri-food surplus grows

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Fri, 9 May 2008 11:30:00 GMT

Schaffner shifting some work to Hungary

Electronic components manufacturer Schaffner Holding is relocating its European volume output of electromagnetic compatible and power-quality products to Kecskemét, Hungary. The Luterbach, Switzerland-based company is going through a reorganisation
Fri, 9 May 2008 11:30:00 GMT

Hungary: State awards over Ft 1 bln for construction of biogas plants

The state awards development subsidies of more than Ft 1 billion ($6 million) for the construction of two biogas plants in southwest Hungary, Sándor Baranyai, who heads the farm ministry?s local office, said on Thursday. A biogas plant in Kutas
Fri, 9 May 2008 11:29:00 GMT

Trouble in the pipeline

Despite booming demand and record prices, Russia?s oil industry faces problems - writes The Economist. When the price of oil reached another record on May 6th, of over $122 a barrel, analysts pointed to attacks on pipelines in Nigeria and turmoil in
Fri, 9 May 2008 11:29:00 GMT

Hungarian foreign trade records EUR 169.6 mln surplus in March -preliminary data

BUDAPEST. MAY 9. INTERFAX CENTRAL EUROPE - Hungary's foreign trade recorded a surplus of EUR 169.6 mln in March, widening from EUR 118.3 mln in the same month of 2007, according to preliminary figures released Friday by the Central Statistical Office
Fri, 9 May 2008 10:49:00 GMT

UPC Hungary revenues down 2 percent in Q1

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Fri, 9 May 2008 10:43:00 GMT

Hungary March foreign trade surplus 169.6 mln eur vs 118.3 mln eur yr-earlier

BUDAPEST (Thomson Financial) - Hungary's March foreign trade surplus grew to 169.6 mln eur from 118.3 mln the same time last year, according to preliminary data from the KSH statistics office on Friday. The KSH said exports grew 3.9 percent in euro terms
Fri, 9 May 2008 09:45:00 GMT

UPDATE 1-Hungary's Richter lowers sales outlook

(Reuters) - Hungarian drug maker Richter Gedeon GDRB.BU delivered first-quarter operating figures in line with market expectations on Friday but lowered its sales outlook. Richter said its unconsolidated first-quarter operating profit rose by 5.9 percent
Fri, 9 May 2008 09:23:00 GMT

Richter cuts Hungarian 2008 sales forecast, bullish on non-U.S. exports UPDATE

(Adds CEO quotes, more detail, background) BUDAPEST (Thomson Financial) - Hungarian drug maker Richter Nyrt revised down its domestic sales forecast but remained buoyant over exports, apart from to the United States. Sales in Hungary would fall 5-10
Fri, 9 May 2008 08:40:00 GMT

China's top political advisor discusses bilateral cooperation with Hungarian parliament speaker

Jia Qinglin, head of China's top political advisory body, on Thursday met with Hungary's parliament speaker and put forward a package of proposals for further expanding friendship and cooperation between China and Hungary. Jia, chairman of the National
Fri, 9 May 2008 08:31:00 GMT

Hungary has foreign trade surplus of ?,?170 mln in Marc

million trade surplus in March as against a deficit of ?118.3 million in March 2007, preliminary figures published by the Central Statistics Office on Friday show. The surplus is the second one in a row after a surplus of ?157 million in February,
Fri, 9 May 2008 08:09:00 GMT

National Bank of Hungary official interest rates - 09/05/2008

BUDAPEST. MAY 9. INTERFAX CENTRAL EUROPE - Following is a table of official money market rates as set by the National Bank of Hungary (MNB). The central bank's Monetary Policy Council raised official interest rates by 25 bps at its April sitting. The
Fri, 9 May 2008 08:01:00 GMT

Hungarian March Trade Surplus Increases

(RTTNews) - The Hungarian trade surplus increased to EUR169.6 million in March from EUR157 million in February, the Hungarian Central Statistical Office indicated Friday. A year ago, the trade surplus stood at EUR118.3 million. Exports in March climbed
Fri, 9 May 2008 07:56:00 GMT

Hungary's Richter lowers domestic, US sales outlook

(Reuters) - Hungarian drug producer Richter Gedeon GDRB.BU lowered its full-year outlook for the domestic market on Friday and now expects 2008 sales to fall by 5 to 10 percent after earlier projecting a 5 percent drop. The company also expects U.S.
Fri, 9 May 2008 07:50:00 GMT

Forint gains to 163.48 against US dollar following Hungarian trade balance report

against US dollar following Hungarian trade balance report
Fri, 9 May 2008 07:45:00 GMT

Hungarian press review 09/05/2008 - Government & Economy

BUDAPEST. MAY 9. INTERFAX CENTRAL EUROPE - TRANSPORT/LABOR: Budapest Public Transport Co Unions to Resume Strikes - The strike committee at Budapest public transport company BKV Zrt has announced the resumption of strike action on May 27. Following two
Fri, 9 May 2008 07:03:00 GMT

German EcoMin urges reforms to speed up growth, improve competitiveness

bbj.hu German companies are satisfied with their investments in Hungary, but reforms are needed to speed up growth and improve competitiveness, German Minister Michael Glos said during an official visit to Budapest on Thursday. Glos also pressed for
Fri, 9 May 2008 06:30:00 GMT

MOL signs deal to acquire 35% of exploration block in India

Hungarian oil and gas company MOL said Thursday it signed a farm-out agreement with India?s Oil and Natural Gas Corporation Limited (ONGC) to acquire a 35% interest in an onshore exploration block in NW India. ONGC will hold a 65% interest in the 1,500
Fri, 9 May 2008 06:30:00 GMT

Hungary: Minimum wage earners the bane of growth

The 50% of GDP state redistribution rate should be lowered to 40% to speed up economic growth to 4%-5%, said András Simor current and György Surányi former central bank governors. Tax revenues are not sufficient as nearly 1.4 million people hardly pay
Fri, 9 May 2008 06:30:00 GMT

MOL acquires stake in Indian exploration block in deal with ONGC

BUDAPEST (Thomson Financial) - Hungarian oil group MOL Nyrt said late Thursday it had signed a deal with India's Oil and Natural Gas Corporation (ONGC) to acquire a 35 percent stake in an exploration block in northwest India. The deal is in line with a
Fri, 9 May 2008 06:23:00 GMT