• Business|05/11/2009

    Wine war

    Only a winemaker par excellence can tell if the morning after the night before is caused by too much wine or by glycerine. The Hungarian wine industry will probably suffer even worse consequences after a recent scandal springing from a conflict between two schools of winemaking.

  • Business|16/07/2009

    Asset managers

    In the past one and a half years, 18 major cases that involve leading state officials came under investigation or went on trial. Now two more projects - intended to shape Hungary's image - have been added to the detective story: György Szilvásy and his staff were a bit overzealous about the preparations for the construction of the Government Quarter, and the Sukoró Casino project enjoyed assistance from the most influential figures of the Gyurcsány cabinet.

  • Business|25/06/2009

    Without supervision

    A series of professional attacks were launched against the Hungarian Financial Supervisory Authority (PSZÁF); the presidential post of which – we have known this since the case of Károly Szász – is not for those playing it safe. Whoever takes the position of the outgoing leader, István Farkas, is unlikely to look forward to peaceful years.

  • Business|07/05/2009

    Make-believe Casino

    The entertainment city, designed to be built on the northern shore of Lake Velence, will not fit into the area designated for the project - and “just looking at it” brings to mind the suspicion of property speculation. Nevertheless, the Gyurcsány-Bajnai government is complicit in the affair; thus far, they have given preferential treatment seven times to the American-Israeli casino investors who have promised development, equal in cost, to the construction of metro 4. However, the Public Prosecutor has ordered an investigation.

  • Business|23/04/2009

    Cyprus and other havens

    Never before have so many tax optimization experts been in top state positions as in the new Bajnai-era. Heti Válasz has found out that the Cypriot network of the Deloitte Group, which “issued” finance minister Péter Oszkó, was used for tax optimization by - apart from the new premier and János Kóka’s family - many enterprises that were beneficiaries of public orders.

  • Business|09/04/2009

    Gas attack

    New faces may appear at Mol’s general assembly on April 23rd: one-fifth of Mol’s shares have been taken over from the Austrian OMV and sold to Surgutneftegas, thought to be close to Putin. The appearance of the Russian suitor coincides with the Hungarian government crisis. Analysts believe that Ferenc Gyurcsány and company must have known about the Russian advance, which prognosticates defencelessness and rising energy prices.

  • Business|02/04/2009

    Shark attack

    Although the financial supervisory authority has established that György Soros’ company was behind the attack against OTP last autumn, it is not possible for the time being to know if this can be linked with the rapid weakening of the Forint at the time. One thing is certain: the latest victims of Soros, whose speculative activities in some cases led to the financial collapse of whole countries, are OTP share holders who have lost tens of billions.

  • Business|26/03/2009

    Damage flow

    In times of crisis, there have been examples in other places that the governor of the central bank became prime minister. However, not only András Simor’s name has been put forward as Ferenc Gyurcsány’s successor, but also that of one of his predecessors, György Surányi, as well as two present deputy-governors, Júlia Király and Ferenc Karvalits.

  • Business|26/03/2009

    Playing with water

    Lake Velence King City, Dream Island opening out onto the Danube. The Medgyessy and later the Gyurcsány government put the state at the service of the development of a huge red light district, all the while following the investors’ lead.

  • Business|19/03/2009

    The devalued country

    The nosedive of the forint has triggered an unprecedented Slovakian invasion. In the large stores along the Slovakian-Hungarian border, around seventy percent of the shoppers come from our northern neighbour, there’s hardly time to refill the shelves.

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