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): May 24, 2006

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

             Delaware                  1-1200                  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 a Material Definitive Agreement

On May 24, 2006,  Euroweb  International  Corp.  (the  "Company") and Csaba Toro
("Toro") entered into a Severance Agreement (the "Agreement") in order to define
the severance relationship between the two parties. The Company and Toro entered
into an employment  agreement  (the  "Employment  Agreement")  in February 2004,
which was  subsequently  amended in September  2005.  The  Employment  Agreement
provided for an employment term through  December 2008 which would have resulted
in the payment of approximately  $1,000,000 to Toro. In  consideration  for Toro
agreeing to  relinquish  and release all rights and claims under the  Employment
Agreement  including the payment of his annual salary, the Company has agreed to
pay Toro  $750,000.  In addition,  Toro has submitted his  resignation  as Chief
Executive Officer and as a director of the Company effective June 1, 2006

Item 9.01 Financial Statements and Exhibits

(c)   Exhibits

      Exhibit No. Description

      10.1        Severance Agreement by and between Euroweb International Corp.
                  and Csaba Toro

      99.1        Press Release

                                   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 CORPORATION


                                        By: /s/ MOSHE SCHNAPP
                                           -------------------------------------
                                        Name: Moshe Schnapp
                                        Title: President

Date: May 31, 2006
      Los Angeles, California
{"company-data": {"conformed-name": "EUROWEB INTERNATIONAL CORP", "cik": "0000905428", "assigned-sic": "7373", "irs-number": "133696015", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-12000", "film-number": "06877550"}, "business-address": {"street1": "VAROSMAJOR UTCA 13", "street2": "VAROSMAJOR UTCA 13", "city": "BUDAPEST", "state": "K5", "zip": "1122", "phone": "36-1-8897000"}, "mail-address": {"street1": "EUROWEB INTERNATIONAL CORP", "street2": "1138 BUDAPEST VACI UT 141", "city": "BUDAPEST", "state": "K5", "zip": "1122"}, "former-company": {"former-conformed-name": "HUNGARIAN TELECONSTRUCT CORP", "date-changed": "19950207"}}
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): May 24, 2006

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

             Delaware                  1-1200                  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 a Material Definitive Agreement

On May 24, 2006,  Euroweb  International  Corp.  (the  "Company") and Csaba Toro
("Toro") entered into a Severance Agreement (the "Agreement") in order to define
the severance relationship between the two parties. The Company and Toro entered
into an employment  agreement  (the  "Employment  Agreement")  in February 2004,
which was  subsequently  amended in September  2005.  The  Employment  Agreement
provided for an employment term through  December 2008 which would have resulted
in the payment of approximately  $1,000,000 to Toro. In  consideration  for Toro
agreeing to  relinquish  and release all rights and claims under the  Employment
Agreement  including the payment of his annual salary, the Company has agreed to
pay Toro  $750,000.  In addition,  Toro has submitted his  resignation  as Chief
Executive Officer and as a director of the Company effective June 1, 2006

Item 9.01 Financial Statements and Exhibits

(c)   Exhibits

      Exhibit No. Description

      10.1        Severance Agreement by and between Euroweb International Corp.
                  and Csaba Toro

      99.1        Press Release

                                   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 CORPORATION

                                        By: /s/ MOSHE SCHNAPP
                                           -------------------------------------
                                        Name: Moshe Schnapp
                                        Title: President

Date: May 31, 2006
      Los Angeles, California