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        <title>Hetivalasz.com news</title>
        <link>http://hetivalasz.hu/</link>
        <description>All news from Business channel</description>
        <language>hu-hu</language>
        <copyright></copyright>
        <lastBuildDate>Thu, 24 May 2012 21:42:58 +0200</lastBuildDate>
        <item>
            <title><![CDATA[Wine war]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/wine-war-25945]]></link>
            <description><![CDATA[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.]]></description>
            <pubDate>Thu, 05 Nov 2009 14:00:00 +0100</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Asset managers]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/asset-managers-25900]]></link>
            <description><![CDATA[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.]]></description>
            <pubDate>Thu, 16 Jul 2009 12:00:00 +0200</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Without supervision]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/without-supervision-25893]]></link>
            <description><![CDATA[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.]]></description>
            <pubDate>Thu, 25 Jun 2009 13:00:00 +0200</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Make-believe Casino]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/make-believe-casino-25877]]></link>
            <description><![CDATA[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.]]></description>
            <pubDate>Thu, 07 May 2009 13:00:00 +0200</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Cyprus and other havens]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/cyprus-and-other-havens-25872]]></link>
            <description><![CDATA[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.]]></description>
            <pubDate>Thu, 23 Apr 2009 13:00:00 +0200</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Gas attack]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/gas-attack-25862]]></link>
            <description><![CDATA[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.]]></description>
            <pubDate>Thu, 09 Apr 2009 14:00:00 +0200</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Shark attack]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/shark-attack-25860]]></link>
            <description><![CDATA[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.]]></description>
            <pubDate>Thu, 02 Apr 2009 13:00:00 +0200</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Damage flow]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/damage-flow-25859]]></link>
            <description><![CDATA[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.]]></description>
            <pubDate>Thu, 26 Mar 2009 14:00:00 +0100</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Playing with water ]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/playing-with-water-25855]]></link>
            <description><![CDATA[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.]]></description>
            <pubDate>Thu, 26 Mar 2009 12:00:00 +0100</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[The devalued country]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/the-devalued-country-25853]]></link>
            <description><![CDATA[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.]]></description>
            <pubDate>Thu, 19 Mar 2009 13:00:00 +0100</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[The drawbacks of home ground]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/the-drawbacks-of-home-ground-25849]]></link>
            <description><![CDATA[We import more pork, eggs, vegetables and apples than the amount we can sell of these products abroad. The reason for this is that Hungarian agricultural producers have been excluded from the international chains that dominate the Hungarian market. A solution to this problem would be if they formed networks of their own.]]></description>
            <pubDate>Thu, 05 Mar 2009 13:00:00 +0100</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Bankruptcy in the pipeline?]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/bankruptcy-in-the-pipeline-25846]]></link>
            <description><![CDATA[In the event of the state going bankrupt, the government could suspend wages and payments to pensioners, and even freeze bank accounts. Demonstrations and looting could become everyday occurrences, there would be mass poverty and public services would not function properly. Is this something to be feared? The examples so far are alarming.]]></description>
            <pubDate>Thu, 26 Feb 2009 14:00:00 +0100</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Break effect]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/break-effect-25843]]></link>
            <description><![CDATA[In all probability there will be a stimulus package to boost car sales in Hungary too but, for the time being, the economics minister has rejected the plan. The global crisis is now already affecting even the smallest players in the domestic car industry and if no assistance is rendered, a tenth of small- and medium-sized entrepreneurs in the Hungarian auto industry could go bankrupt.]]></description>
            <pubDate>Thu, 19 Feb 2009 14:00:00 +0100</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
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            <title><![CDATA[Gas storage tank ]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/gas-storage-tank-25839]]></link>
            <description><![CDATA[Why was the strategic storage tank left unused during the energy crisis in January, while the running of certain large companies had to be limited? We asked János Zsuga, CEO of the MOL-owned National Gas Transmission Co.(FGSZ), which is responsible for system control, about the lessons to be learned. He is convinced that this century will primarily be about natural gas.]]></description>
            <pubDate>Thu, 12 Feb 2009 14:00:00 +0100</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Something's happening, but it's not the real thing]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/somethings-happening-but-its-not-the-real-thing-25840]]></link>
            <description><![CDATA[Due to the ever-deepening economic crisis and the uncertain government deficit, the government has announced new measures. The announcements were motivated by two considerations: one of them is that in order to comply with the IMF-agreement, a correction of about 250-300 billion forints is necessary this year...]]></description>
            <pubDate>Thu, 05 Feb 2009 14:00:00 +0100</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[A short-sighted elite]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/a-short-sighted-elite-25826]]></link>
            <description><![CDATA[Surprisingly enough, they agree on many issues, despite the fact that Tamás Leisztinger is usually considered a left-wing billionaire, while Tamás Vitézy is referred to as a right-wing one. Leisztinger even offered the possibility of a grand coalition, but Vitézy thought that was going a bit too far.]]></description>
            <pubDate>Thu, 15 Jan 2009 13:00:00 +0100</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Lavish years]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/lavish-years-25827]]></link>
            <description><![CDATA[Sometimes the government dares to dream great dreams – but they are unnecessary and expensive ones. Heti Válasz made some calculations: in the past few years, the government has squandered at least 1150 billion forints. This wastefulness is especially painful in light of the fact that the Hungarian state had to apply for a mega loan of 4750 billion forints in order to avoid bankruptcy.]]></description>
            <pubDate>Thu, 08 Jan 2009 14:00:00 +0100</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[A major change is needed in economic policy]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/a-major-change-is-needed-in-economic-policy-25824]]></link>
            <description><![CDATA[The Governor of the Central Bank thinks it is evident that the present leaders of the country are responsible for the country’s economic crisis of confidence. András Simor points out that the government debt runs to about two million forints per each and every Hungarian citizen, and this just adds to the 25 billion dollar mega loan from the International Monetary Fund.]]></description>
            <pubDate>Thu, 08 Jan 2009 13:00:00 +0100</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[It’s going to be painful for everyone]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/its-going-to-be-painful-for-everyone-25802]]></link>
            <description><![CDATA[Amidst the present world economic situation, the country is risking a currency crisis, says Péter Heim, CEO of Aegon Hungary Fund Management Company, who thinks that in the past six years, salaried workers have borne all the burdens, and this is not at all feasible.]]></description>
            <pubDate>Thu, 30 Oct 2008 12:00:00 +0100</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Pickpocketing]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/pickpocketing-25803]]></link>
            <description><![CDATA[If the twelve billionaires interviewed for our paper sold their companies today, they would get 30 percent less money for them than they would have a year ago. The “national summit” of Heti Válasz reacted to the crisis by bringing developments to a standstill. In this way, on average, they have managed to minimise their losses at about one percent of their fortune, up till now. According to those who are considered to be the motors of the economy, the government should intervene in the real economy.]]></description>
            <pubDate>Thu, 23 Oct 2008 12:00:00 +0200</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Dangerous operations]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/dangerous-operations-25798]]></link>
            <description><![CDATA[Could the catastrophe of Monorierdő occur again? During the first six months of this year, there were two and a half times as many train accidents in which the Hungarian State Railways (MÁV) was to blame than in the first half of the previous year. In the period from July to September, another sad record was reached: in three months, the same number of trains got derailed because of decrepit tracks as in the first six months of the year. This is what can be found out from the State Railway’s report on operation safety - which is now in the possession of Heti Válasz.]]></description>
            <pubDate>Thu, 16 Oct 2008 13:00:00 +0200</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Tarmac cowboys]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/tarmac-cowboys-25795]]></link>
            <description><![CDATA[In addition to providing an insight into prohibited methods of party financing, the Strabag dossier in our possession also throws light on the political history since 2002. It appears that there was a degree of petty business dealings behind the motorway and metro construction projects in which SZDSZ represented the interests of Strabag and Péter Medgyessy and  those of other (for example Russian) lobby groups.]]></description>
            <pubDate>Thu, 09 Oct 2008 12:00:00 +0200</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Cirrhosis of the liver]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/cirrhosis-of-the-liver-25790]]></link>
            <description><![CDATA[Hungarian goose liver has now come to the attention of the European Commission. Owing to the Austrian Four Paws (Fier Pfoten) animal protection group’s campaign against foie gras, Hungarian foie gras production,once a successful sector of the food industry, is now on the verge of extinction. Is force-feeding ducks and geese really a form of torture to animals? or is there an underlying economic interest behind the campaign? There might be a solution by October.]]></description>
            <pubDate>Thu, 25 Sep 2008 14:00:00 +0200</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[A cultural scandal is about to break out]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/a-cultural-scandal-is-about-to-break-out-25785]]></link>
            <description><![CDATA[Pécs is racing against time. According to the State Audit Office, the investments of the programme series Cultural Capital of Europe will probably not be completed in time in the Baranya county seat. The path of the money cannot be traced, meanwhile, Pécs has taken out another loan of ten billion forints.]]></description>
            <pubDate>Thu, 04 Sep 2008 14:00:00 +0200</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
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            <title><![CDATA[We messed it up]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/we-messed-it-up-25784]]></link>
            <description><![CDATA[After the viaduct of Kőröshegy, we have another absurd Hungarian drama. The tunnels and viaducts that have been built unnecessarily on the M6 motorway, will soon be completed. According to estimates, the amount of money spent pointlessly is fifty billion forints. It will slow down the motorway, but someone will profit from it.]]></description>
            <pubDate>Thu, 04 Sep 2008 13:00:00 +0200</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
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            <title><![CDATA[“We ruined our country together”]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/we-ruined-our-country-together-25770]]></link>
            <description><![CDATA[In our column Face to Face, we asked Professor László Bogár, an economist known for his anti-globalisation views, and Péter Heim, chief executive of Aegon Hungary Fund Management, who is pro-globalisation (ex officio), to take part in a friendly discussion. The topic was as follows: is it because of globalisation that Hungary is in its present situation?]]></description>
            <pubDate>Thu, 31 Jul 2008 14:00:00 +0200</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
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            <title><![CDATA[Battle in the mine-shaft]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/battle-in-the-mine-shaft-25771]]></link>
            <description><![CDATA[Hungarian mining may flourish once again – due to the increase in the world price of raw materials, and the development of extraction technologies, it seems it will once again be worth bringing to the surface uranium and coal from the Mecsek region, and many are yearning for the copper that lies beneath Recsk.]]></description>
            <pubDate>Thu, 31 Jul 2008 14:00:00 +0200</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
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            <title><![CDATA[Motorway money lost in the fog]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/motorway-money-lost-in-the-fog-25765]]></link>
            <description><![CDATA[There is no real competition in the construction of motorways being built in Hungary today, and the costs involved are not at all transparent. The state could have saved ten billion forints on each of the five new motorway sections if the portfolio had forced the National Infrastructural Development Corporation (NIF Corp.) to manage public funds more responsibly. The government has never before received such strong criticism from the State Audit Office.]]></description>
            <pubDate>Thu, 17 Jul 2008 13:00:00 +0200</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Mercedes is our business]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/mercedes-is-our-business-25761]]></link>
            <description><![CDATA[The German Daimler AG has chosen Kecskemét as the site of its new investment project, worth 200 billion forints. It was not easy to grab the deal from competitors of the region, as it is not only profitable to produce Mercedes cars, but also very prestigious. The size of the subsidy offered by the Hungarian government is not yet known.]]></description>
            <pubDate>Thu, 26 Jun 2008 14:00:00 +0200</pubDate>
            <category><![CDATA[english_business]]></category>
        </item>
        <item>
            <title><![CDATA[Crickets and ants]]></title>
            <link><![CDATA[http://hetivalasz.hu/english_business/crickets-and-ants-25757]]></link>
            <description><![CDATA[Economic minister Gordon Bajnai and former minister of finance of the Orbán government, Mihály Varga, both agree that the way out of the economic crisis is to increase employment. They both feel that the introduction of the euro is very important. However, we can read below why there won’t be an agreement after all.]]></description>
            <pubDate>Thu, 19 Jun 2008 13:00:00 +0200</pubDate>
            <category><![CDATA[english_business]]></category>
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