SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

                         Commission File Number: 0-24962


                           NOTIFICATION OF LATE FILING

|X| Form 10-K |_| Form 11-K |_| Form 20-F |_| Form 10-Q
|_| Form N-SAR

         For Period Ended: December 31, 2002

|_| Transition Report on Form 10-K          |_| Transition Report on Form 10-Q
|_| Transition Report on Form 20-F          |_| Transition Report on Form N-SAR

     For the Transition Period Ended: _______________________________________

     Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.

     If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:
_______________________________________
________________________________________________________________________

                                     PART I
                             REGISTRANT INFORMATION

Full name of registrant                     Euroweb International Corp.
Former name if applicable
Address of principal executive office       Varosmajor utca 13
City, state and zip code                    1122 Budapest, Hungary


                                     PART II
                             RULE 12b-25 (b) AND (c)

     If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25 (b), the
following should be completed. (Check box if appropriate.)

              (a)      The reasons described in reasonable detail in Part III
                       of this form could not be eliminated without unreasonable
                       effort or expense;
              (b)      The subject annual report, semi-annual report, transition
                       report on Form 10-K, 20-F, 11-K or Form 10-Q, or portion
                       thereof will be filed on or before the 15th
|X|                    calendar day following the prescribed due date; or the
                       subject quarterly report or transition report on Form
                       10-Q, or portion thereof will be filed on or
                       before the fifth calendar day following the prescribed
                       due date; and
              (c)      The accountant's statement or other exhibit required by
                       Rule 12b-25(c) has been attached if applicable.

                                    PART III
                                    NARRATIVE

     State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period.

     The compilation, dissemination and review of the information required to be
presented in the Form 10-KSB for the relevant fiscal year has imposed time
constraints that have rendered timely filing of the Form 10-KSB impracticable
without undue hardship and expense to the registrant. The registrant undertakes
the responsibility to file such annual report no later than fifteen days after
its original date.

                                     Part IV
                                Other Information

(1) Name and telephone number of person to contact in regard to this
notification

      Peter Szigeti                       +36-1-382-3712
        (Name)                       (Area Code)          (Telephone Number)

(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).

                                                        |X|  Yes    |_|  No

(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?

                                                        |X|  Yes    |_|  No

If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.

It is anticipated that the Company's revenue will have increased by
approximately 62% during the year ended December 31, 2002 as compared to the
year ended December 31, 2001. This increase in revenue is attributed to the
introduction of two new service lines in addition to its traditional Internet
services. These new services include international/domestic leased lines and IP
Data services and voice over IP services. These services have resulted in
additional streams of revenue.

                           Euroweb International Corp.
                   Name of Registrant as Specified in Charter.

   Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.

Dated:  April 1, 2002                             /s/Csaba Toro
                                                 By: Csaba Toro
                                                     Chief Executive Officer