Hungarian conceptual football shoe inventor Laszlo Oroszi believes he must do his part to help preserve the planet for future generations. “I’ve got some inventions that require specialized rubber components, so I thought why not include recycled tyres in my inventions,” the Genuis Award winning Hungarian innovator told The Budapest…
Members of the globe’s most successful national football team are to test the improved version of a world-class development expected to take global soccer to all new heights, according to Hungarian inventor Laszlo Oroszi. He would not reveal which modern classic players would be testing his creation, but unconfirmed sources…
The Government is going to ban slot machines… Janos Lazar (Prime Minister’s Office) just announced, according to Hungarian media. Up till now, most pubs in Hungary had at least one such an appliance, but the coming regulations will limit them to casinos. The new law will take effect in October,…
Budapest Transportation Center (BKK) plans to replace all buses roaming the Gulash Capital’s streets will be impossible, considering the current measures taken by its leadership, according to the Urban and Suburban Transport Association “VEKE.” The most recent misstep, VEKE President Lajos Dorner told ATV, is a questionable initiative to paint…
Hungary’s Richter Gedeon pharmaceuticals company says its expects to see sales increase by at least 10% in Russia and its former satellite states, while also anticipating 5% rise in sales in Hungary this year. At the same time the company’s sales are expected to decrease som 20% in the United…
Hungary’s National Transport Authority (NKH) has grounded several malfunctioning small buses belonging to the corrupt Budapest Transport Company (BKV). Authorities are now investigating the service condition of these buses. Reportedly the road-worthiness some 30 BKV buses have been revoked. The process will cause heavy delays on major routes extending the…
With incoming news of most British banks turning profitable once again, British tax-payers are putting pressure on their government to persuade banks to hand out loans again to help boost local industries and enterprise. The UK-based HSBC bank has boasted gross profits of USD11.1-billion for H1/2010, up more than 200%…
This year in September the Budapest-based American Chamber of Commerce in Hungary (AmCham) is further expanding on its so-called high performance Career School initiative series (launched in September 2009), according to Laszlo Metzing, AmCham Chief Operating Officer and Committee Coordinator. He added that the chamber plans to boost its activities…
The Hungarian Government plans to reduce corporate taxes so much that it would certainly draw investors back to Hungary from its lower tax bracket peer – Slovakia. Several hundreds of Hungarian companies escaped ridiculously high Hungarian corporate taxes and moved to neighbouring Slovakia during the past 5-10 years, where the…
The city of Budapest on Monday (Aug 2, 2010) inaugurated its new central sewage waste water treatment plant valued at some EUR 430 million. The plant was 65% funded by the European Union, while the Hungarian Government contributed with 20% and the Budapest City Council had to cough up the…
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