Hungary
Hungary’s Malev airline collapsed
February 03, 2012The Hungarian Airline Malev shut down its activity after huge financial loses. The airline has announced on its official website that as of today, no more flights will be operated. “Based on the Board of Directors’ decision Hungary&rsquo...
IMF, WB revise loan conditions to support E.Europe through crisis
October 07, 2009By Ron Synovitz Russia said this week that it will not disburse the last $500 million tranche of a stabilization loan to Belarus and that it will not grant a $5 billion loan to Ukraine. Speaking in Istanbul at the start of the annual International...
Nabucco Intergovernmental Agreement Signed in Ankara
July 14, 2009By Saban Kardas On July 13 the Nabucco transit countries removed an important obstacle for the strategic pipeline project. Attending a high profile meeting hosted by Turkey, the prime ministers of Austria, Bulgaria, Hungary, Romania and Turkey inked...
Surgut Neftegaz Tries Crashing MOL'S Doors
June 10, 2009By Vladimir Socor The Kremlin-connected oil company Surgut Neftegaz has launched judicial proceedings in Budapest's metropolitan court against Hungarian MOL, the most successful private oil and gas company in Central Europe. The Russian company alleges...
Putin, Gazprom Bluffing to Hungarians on South Stream
March 16, 2009by Vladimir Socor On March 10 in Moscow, Gazprom and Hungary's Development Bank signed the initial documents for a joint venture to implement Gazprom's South Stream pipeline project on Hungarian territory. The respective chairmen, Alexei Miller and Janos...
Nabucco meeting in Budapest identifies ample gas source
February 02, 2009By Vladimir Socor The high-level conference in Budapest on the Nabucco gas project (see EDM, January 20, 22, 23, 27, 29) underscored a reality that seems to slip from the conceptual grasp of some influential West European circles. This reality is that...
Analysis: Hungary’s mol energy company grows in Central Europe and beyond
August 09, 2007Author: Vladimir Socor, Eurasia Daily Monitor Hungary’s national energy company, MOL, is mounting an effective defense against a hostile takeover by its Austrian counterpart, OMV, which could lead to Russian takeover of Hungary’s energy sector...
Hungarian government faces teacher strikes and traffic blockades
December 15, 2006Budapest (dpa) - Demonstrators set up partial roadblocks across Hungary and teachers staged a two-hour strike on Friday in unlinked protests aimed at the government. In various locations across the country, anti-government protestors set up partial...