UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
   Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934

           Date of Report (Date of earliest reported): August 31, 2006

                           EUROWEB INTERNATIONAL CORP.
               (Exact name of registrant as specified in charter)

          Delaware                  001-12000                 13-3696015
(State or other jurisdiction       (Commission              (IRS Employer
       of incorporation)           File Number)           Identification No.)

           468 North Camden Drive Suite 256(I) Beverly Hills, CA 90210
               (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (310) 860-5697

                                   Copies to:
                             Gregory Sichenzia, Esq.
                            Stephen M. Fleming, Esq.
                       Sichenzia Ross Friedman Ference LLP
                           1065 Avenue of the Americas
                            New York, New York 10018
                              Phone: (212) 930-9700
                               Fax: (212) 930-9725

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instructions A.2. below):


|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

|_| Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

<PAGE>

Item 1.01 Entry into Material Definitive Agreements

Euroweb  International Corp.  ("Company"),  subsequent to the Joint Venture with
Ashfield  Finance,  LLC  ("Ashfield"),  as  reported  on Form 8K filed  with the
Securities and Exchange  Commission on August 31, 2006, and detailed below,  has
entered  and  finalized  on August  31,  2006 into a term sheet by and among the
Company,  ARM Corporate Finance Limited,  London based investment  bankers,  and
Cukierman  and  Co.,  Israeli  investment  bankers,  for the  establishment  and
potential  listing of a company on the London OFEX  exchange  ("OFEXCO")  with a
view to having  OFEXCO enter into an  acquisition  agreement to acquire 50.1% of
Navigator Informatika Rt. ("Navigator"),  the Company's wholly owned subsidiary,
in  exchange  for 50.1% of OFEXCO.  In  addition,  OFEXCO will have an option to
purchase the remaining  49.9% of Navigator  from the Company for cash and shares
of OFEXCO.  Subsequent to the acquisition of Navigator,  OFEXCO intends to raise
funds,  with the  objective of moving OFEXCO to the London AIM exchange of which
there can be no guarantee.

The Company has previously  entered into a Joint Venture Agreement with Ashfield
forming EA Emerging  Ventures Corp.  ("EEVC")  Through such Joint Venture,  EEVC
will  provide a loan of about  500,000  sterling  into  OFEXCO,  and commit to a
further  loan of an  additional  500,000  sterling  into  OFEXCO  at the time of
OFEXCO's  listing  with  the  London  AIM  exchange,  of which  there  can be no
guarantee.  Such  secondary  investment by EEVC is contingent on the  investment
from other  investors,  on the same terms and  conditions.  The structure of the
transaction is based on cash and shares of OFEXCO to be paid to the Company,  on
terms that will be negotiate between the Company and the Investment Bankers. The
transaction will be structured in a manner that if the suggested  listing on the
London AIM exchange is not successful, it will be null and void.

Item 9.01 Financial Statement and Exhibits

      Exhibit No.       Exhibit Description

      10.1              Term Sheet entered by and between Euroweb  International
                        Corp., ARM Corporate Finance and Cukierman & Company

                                   SIGNATURES

      Pursuant to the  requirements  of the  Securities  Exchange Act 1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.


                                        EUROWEB INTERNATIONAL CORP.


                                        By: /s/ YOSSI ATTIA
                                           -------------------------------------
                                        Name:   Yossi Attia
                                        Title:  Chief Executive Officer


Date: September 5, 2006
      Beverly Hills, California
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UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
   Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934

           Date of Report (Date of earliest reported): August 31, 2006

                           EUROWEB INTERNATIONAL CORP.
               (Exact name of registrant as specified in charter)

          Delaware                  001-12000                 13-3696015
(State or other jurisdiction       (Commission              (IRS Employer
       of incorporation)           File Number)           Identification No.)

           468 North Camden Drive Suite 256(I) Beverly Hills, CA 90210
               (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (310) 860-5697

                                   Copies to:
                             Gregory Sichenzia, Esq.
                            Stephen M. Fleming, Esq.
                       Sichenzia Ross Friedman Ference LLP
                           1065 Avenue of the Americas
                            New York, New York 10018
                              Phone: (212) 930-9700
                               Fax: (212) 930-9725

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instructions A.2. below):

|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

|_| Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into Material Definitive Agreements

Euroweb  International Corp.  ("Company"),  subsequent to the Joint Venture with
Ashfield  Finance,  LLC  ("Ashfield"),  as  reported  on Form 8K filed  with the
Securities and Exchange  Commission on August 31, 2006, and detailed below,  has
entered  and  finalized  on August  31,  2006 into a term sheet by and among the
Company,  ARM Corporate Finance Limited,  London based investment  bankers,  and
Cukierman  and  Co.,  Israeli  investment  bankers,  for the  establishment  and
potential  listing of a company on the London OFEX  exchange  ("OFEXCO")  with a
view to having  OFEXCO enter into an  acquisition  agreement to acquire 50.1% of
Navigator Informatika Rt. ("Navigator"),  the Company's wholly owned subsidiary,
in  exchange  for 50.1% of OFEXCO.  In  addition,  OFEXCO will have an option to
purchase the remaining  49.9% of Navigator  from the Company for cash and shares
of OFEXCO.  Subsequent to the acquisition of Navigator,  OFEXCO intends to raise
funds,  with the  objective of moving OFEXCO to the London AIM exchange of which
there can be no guarantee.

The Company has previously  entered into a Joint Venture Agreement with Ashfield
forming EA Emerging  Ventures Corp.  ("EEVC")  Through such Joint Venture,  EEVC
will  provide a loan of about  500,000  sterling  into  OFEXCO,  and commit to a
further  loan of an  additional  500,000  sterling  into  OFEXCO  at the time of
OFEXCO's  listing  with  the  London  AIM  exchange,  of which  there  can be no
guarantee.  Such  secondary  investment by EEVC is contingent on the  investment
from other  investors,  on the same terms and  conditions.  The structure of the
transaction is based on cash and shares of OFEXCO to be paid to the Company,  on
terms that will be negotiate between the Company and the Investment Bankers. The
transaction will be structured in a manner that if the suggested  listing on the
London AIM exchange is not successful, it will be null and void.

Item 9.01 Financial Statement and Exhibits

      Exhibit No.       Exhibit Description

      10.1              Term Sheet entered by and between Euroweb  International
                        Corp., ARM Corporate Finance and Cukierman & Company

                                   SIGNATURES

      Pursuant to the  requirements  of the  Securities  Exchange Act 1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

                                        EUROWEB INTERNATIONAL CORP.

                                        By: /s/ YOSSI ATTIA
                                           -------------------------------------
                                        Name:   Yossi Attia
                                        Title:  Chief Executive Officer

Date: September 5, 2006
      Beverly Hills, California