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EU fund payment should be linked to rule of law compliance - Öttinger

April 20, 2018, 4:40 pm
For the first time in the history of the European Union, cohesion funds would be conditional on compliance with the rule of law beyond 2020, EU Budget Commissioner Günther Öttinger announced on Thursday.... 

Hungary might host BWM factory - paper

April 20, 2018, 1:50 pm
There is a government decree but due to a confidentiality agreement no one is allowed talk about the potential investment, county newspaper Borsod Online reported on Friday. The paper cited a government... 

PM Orbán wants to forge unprecedented deal with Hungarian women

April 20, 2018, 12:58 pm
Hungary’s Prime Minister Viktor Orbán talked with public radio MR1 for the first time since he won his fourth (and third consecutive) term in power on 8 April. During his 30-minute interview, he... 

Hungary's Orbán shares details about government restructuring

April 20, 2018, 11:12 am
Hungary’s Prime Minister Viktor Orbán has talked about the new government structure in one of his more or less regular interviews with public radio MR1 on Friday. Economy Minister Mihály Varga will... 

Hungary wage growth drops

April 20, 2018, 10:16 am
Wage growth in Hungary remained in double-digit territory in February, but the rate did decrease slightly. Earnings in the business sector grew by 10.7% year on year in February, which is below the... 

Soros' Open Society Foundations to move Budapest office to Berlin

April 20, 2018, 9:21 am
Hungarian-born billionaire financier and philanthropist George Soros’s Open Society Foundations (OSF), which funds dozens of non-governmental organizations in Hungary, will move its staff from Budapest... 

EU comes up with best practices to help improve retail sector

April 19, 2018, 4:02 pm
The European Commission has on Thursday published a set of best practices to support Member States' efforts to create a more open, integrated and competitive retail sector. The retail sector is one... 

Hungary OTP drops Romanian bank purchase

April 19, 2018, 2:31 pm
Hungary’s OTP Bank has announced on Thursday that it is not buying OTP Banca Romaneasca, although the sales contract was signed in July 2017. The acquisition went bust over a decision by the Romanian... 

Hungarian Treasury Bills remain highly popular

April 19, 2018, 12:10 pm
Hungary’s Government Debt Management Agency (ÁKK) allotted 50 billion forints worth of 12-month discount Treasury Bills at its biweekly auction on Thursday, HUF 10 bn more than planned, while the... 

Taxi fares may be raised 10% in Budapest

April 19, 2018, 11:49 am
Taxi fares could go up by 10% in Budapest as of June, mfor.hu reported on Thursday. The Budapest Chamber of Commerce and Industry has endorsed the price hike endeavours of taxi drivers. Its newly appointed... 

Economic policy plans of Hungary's new Orbán cabinet outlined

April 19, 2018, 10:24 am
Forgoing student loans, extending the period for the “graduate" GYED (child care benefit), reducing the mortgage for families having a third (4th, 5th, etc.) child, setting up a family policy research... 

Hungary's bank execs send message to new Orbán government

April 18, 2018, 4:29 pm
Bank executives are asking the new Hungarian government to lower special levies, change regulations on ATM cash withdrawals that are currently free of charge twice a month, and reduce administrative burdens.... 

Hungary MNB has unbelievable estimates for the financial sector

April 18, 2018, 1:25 pm
Deputy Governor of the National Bank of Hungary (MNB) has presented shockingly high growth forecasts and a spectacular “convergence 2.0" future in his presentation at Portfolio’s Lending 2018... 

Hungarian SMEs are not sick but face multiple challenges

April 18, 2018, 11:08 am
Hungarian small and medium-sized enterprises have the greatest disadvantage in terms of exports and competitiveness in the European Union. The latter is caused primarily by a 15-20% backlog in productivity... 

Hungary Mol raises fuel prices again

April 18, 2018, 8:47 am
Hungarian oil and gas group Mol has raised the wholesale list price of 95-octane gasoline by HUF 2 per litre and the price of diesel by HUF 6 per litre on Wednesday. The average price of gasoline and... 

New Hungarian government to switch to new economic policy

April 18, 2018, 8:15 am
Hungary’s economic policy will take a new direction, pro-government daily Magyar Idők reported on Tuesday. The newspaper added that the detailed and comprehensive economic strategic proposals could... 

This is how Hungary's Magyar Telekom will pay dividend this year

April 17, 2018, 4:19 pm
Magyar Telekom, Hungary’s leading telecommunications group, will start dividend payment on 25 May, after the Annual General Meeting approved a HUF 25 dividend per share. The record date related... 

IMF also thinks Hungarian growth vision is no pipe dream

April 17, 2018, 3:00 pm
The International Monetary Fund (IMF) has raised its growth estimates significantly for Hungary. This means that the Fund is also slowly starting to believe that Hungary’s GDP could grow by about... 

Investors rush in for Hungarian treasury bills

April 17, 2018, 12:06 pm
Hungary’s Government Debt Management Agency (ÁKK) has recorded on Tuesday the highest demand for its 3-month discount Treasury Bills in a long time. Its response was to allot more of the instrument... 

Hungarian President sets date for first session of new parliament

April 17, 2018, 10:15 am
Hungary’s President János Áder has convened the constitutive session of Parliament for 8 May. He has also asked Viktor Orbán, head of the Fidesz-KDNP coalition’s list, to start negotiations... 
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