Hungary

West Nile virus has reached Austria, virologist says

West Nile virus has reached Austria, virologist says Vienna  - The West Nile virus, which can cause meningitis in humans, has reached Austria, an virologist said Friday in Vienna.

Birds carrying the virus were detected in Austria for the first time last year, Norbert Nowotny, a professor at the Vienna University of Veterinary Medicine, told Austrian press agency APA.

The disease was imported from Hungary last summer, but only birds in eastern Austria fell ill. No humans were infected by the disease which is spread by mosquitos.

Financial watchdog fines HSBC 350,000 dollars over bond deal

Financial watchdog fines HSBC 350,000 dollars over bond dealBudapest - The Hungarian Financial Supervisory Authority (HSFA) has fined the London-based bank HSBC for violating local laws in a bond trading deal last October.

The regulatory body announced on its website that it had imposed a fine of 80 million forints (350,000 dollars) on the bank for breaking local laws on manipulating the market.

The financial watchdog found that HSBC had offered for sale a large volume of Hungarian government bonds on October 10 last year, a move which led to rise in the yield of the bonds.

Hungary hopes to build its way out of financial crisis

Hungary hopes to build its way out of financial crisis Budapest  - Hungary's construction industry is to be given an 8-billion-dollar shot in the arm over the next year and a half in a bid to protect jobs and boost the country's flagging economy, the government announced on Wednesday.

Minister for National Development and Economy Gordon Bajnai told reporters that the money, over 1.8 trillion Hungarian forints, would be used to support 636 major projects over the next 18 months.

One dead as helicopter crashes into Danube in Budapest

hungary flagBudapest  - A passenger was killed when a helicopter plunged i

Suspect in murder of handball star nabbed in Austria

Suspect in murder of handball star nabbed in AustriaBudapest  - Austrian police arrested one of two men suspected of killing Romanian handball international Marian Cozma, Hungarian officials said Sunday night.

Hungarian police spokeswoman Piroska Varadi said international arrest warrants had been issued for two suspects, Sandor Raffael and Ivan Sztojka, but did not confirm which of the two had been caught at the Austrian border.

Cozma was killed and two of his teammates injured in a knife attack outside a Hungarian nightclub early Sunday.

Hungarian national airline cannot pay staff on time

HungaryBudapest - Hungary's cash-strapped national airline Malev told staff on Friday that they would be receiving their wages in two installments this month as it cannot afford to pay in full.

The airline, which was privatised for a token sum in 2007, blamed its inability to meet its payroll costs on the worsening economic situation in Hungary and the global financial crisis.

Malev spokeswoman Krisztina Nemeth said in a statement on Friday that low passenger numbers and a drop in turnover through the winter season were to blame for the company's embarrassing announcement.

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