november
in review
  Event
of the month: MOL’s big deal
with Poland’s PKN Orlen
Month
in review
interview
 Economist
László Lengyel on the credibility of Hungary’s Central
Bank and government and the economic outlook for next
year
eu countdown
 Hungary was handed four red cards by the European Commission
in November, calling for urgent action in several mainly
agriculture-related areas
 Romania, Croatia and Bulgaria say they are on a fast track
to reform and anxiously await EU membership in 2007-2008
industry focus
 Taxes
will bring both pleasure and pain to taxpayers next year
The new tax laws passed by the Hungarian Parliament in November
bring both pleasure and pain to taxpayers, as some taxes
will be lowered, some increased and entirely new ones levied
. The money drain Hungarians continue to foot high taxes
in 2004
 A
look at Hungary’s accounting and auditing firms. The Big
Four in Hungary. Accounting and auditing market dominated
by international players
Hungarian
brokerages reported a good year of trading and increased
volume on the Budapest Stock Exchange in 2003. Brokerages
look back on a moderate 2003. International investor insecurity
not detrimental to Hungarian trading firms
regional roundup
The difficulties associated with doing business in
Central Asia are numerous, shows a recent US-driven study
trends
 Communist-era
relics and goods are coming back into style,
after more than 1o-years in near extinction
 Hungary’s
TV market is growing more crowded, as new
players are jockeying for position across
the nation’s screens
 The
first real budget airline, SkyEurope, began operating out
of Ferihegy Airport in mid-November, offering never-before-heard-of
ticket deals and prices
real estate
 Executive
Profile: Meet Stephan Interthal, general manager
at the Kempinski Hotel Corvinus Budapest
 Feature: A new law in effect in January will charge a 25% tax on plots
of purchased land, rather than the current method of
taxing only the building constructed on the property
 In
Brief: In
brief: biggest investment deal in CEE in 2003.
Interview: DTZ
Managing Director Chris Naylor
arts and leisure
 Hungarian
ice hockey makes slow comeback to mainstream
 ‘Tis
the season to spend loads of cash. We give you a glimpse
inside the mad holiday shopping scramble in Hungary
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