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- Budapest Court Rejects OMV Case Against MOL
The Budapest Municipal Court Tuesday rejected a case brought against Hungarian oil and gas company MOL Nyrt. (MOL.BU) by Austrian peer OMV AG (OMV.VI) in a first-instance ruling, state-run news agency MTI said. OMV had alleged that the single MOL share
- Formal opening of Átrium Park in Budapest (HU)
Wallis Real Estate formally opened their most extensive office development to date ? the second phase of Átrium Park in Budapest, Hungary. This means that now this office complex on Váci út provides 32,000 m² of office space with a high standard
- Fastener show is first for Eastern Europe
Request your FREE weekly copy of the Engineeringtalk email newsletter. News about Engineering Exhibitions and Events and more every issue. Click here for details. Fastener Fair Budapest will offer unprecedented regional access to the world's leading
- Budapest braces itself for further public transport chaos
Unions announced last Thursday that Budapest public transport workers will stage an indefinite strike on Tuesday, 27 May. The latest round of negotiations between public transport workers' unions and the management of Budapest Transport Company (BKV)
- Hungarian FM greets outcome of Serbian elections
Hungarian Foreign Minister Kinga Goncz on Monday said the initial official results of the Serbian parliamentary elections demonstrated the commitment of a majority of voters to European values. The first results indicated that President Boris Tadic's
- Hungary's Minority Government Survives First Vote
BUDAPEST (Reuters) - Hungary's minority Socialist government survived its first parliamentary vote on Tuesday with the support of its former coalition partner, which quit the government at the end of April. The motion, to name new ministers to replace
- MOL denies underhand tactics used
Shareholders told before meeting they could not vote without original docs MOL Hungarian Oil and Gas last Tuesday denied allegations printed by British daily The Financial Times that it had prevented investors from exercising their voting rights at the
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Hungary was part of the polyglot Austro-Hungarian Empire, which collapsed in World War I. It fell under communist rule following World War II. A revolt in 1956 and an announced withdrawal from the Warsaw Pact was met with massive military intervention by Moscow. In the more open GORBACHEV years, Hungary led the movement to dissolve the Warsaw Pact and steadily shifted toward multiparty democracy and a market-oriented economy. Following the collapse of the USSR in 1991, Hungary developed close political and economic ties to Western Europe. It joined NATO in 1999 and is a frontrunner in a future expansion of the EU.
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