Latest news

« previous 20 articles  

Hungary provides 2,500 schools with broadband Wi-Fi using EU funds

June 20, 2019, 9:09 am
Under the digital education strategy, schools will receive 51,000 laptop computers, 31,500 tablets, 5,000 projectors and 14,000 desktop computers, Bence Rétvári, state secretary at the Ministry for Human... 

Hungary's OTP beaten in race for Slovenia's Abanka

June 20, 2019, 8:36 am
Slovenia will sell its third-largest bank Abanka to the country’s second-largest bank Nova KBM, which is owned by U.S. investment fund Apollo, state-owned Slovenian Sovereign Holding (SDH) decided... 

Hungarian economy powerful, but we have some bad news

June 19, 2019, 5:20 pm
Hungary’s convergence to developed Western European economies continued in 2018, but in terms of consumption per capita the country fared extremely poorly. Hungary’s GDP expressed in Purchasing... 

Hungary cenbank takes action to ease liquidity shortage

June 19, 2019, 4:38 pm
The National Bank of Hungary (MNB) has held a technical one-week foreign exchange swap tender providing forint liquidity on Wednesday. Banking sector liquidity fell temporarily, offset by MNB through holding... 

Construction of Croatian LNG terminal is in Hungary’s interest - minister

June 19, 2019, 3:23 pm
“The construction of the Croatian liquid natural gas (LNG) terminal on the island of Krk is in Hungary’s interests", Minister of Foreign Affairs and Trade Péter Szijjártó declared in Zagreb... 

Hungary Wizz Air to buy 20 new aircraft from Airbus

June 19, 2019, 2:09 pm
Hungary-based discount airline Wizz Air has announced on Wednesday that it is to purchase 20 Airbus A321XLR aircraft. Wizz Air announced today that, as part of the Indigo Partners deal, it has signed... 

Clearest warning sign in years - Labour market seen split in two

June 19, 2019, 12:45 pm
For the first time in many years, the number of vacancies has not risen in Hungary in annual terms. This is the first, albeit rather weak, sign that labour shortage has peaked out. The labour market, however... 

EU urges Hungary to step up climate efforts

June 19, 2019, 10:58 am
As plans of European Union member states are currently falling short both in terms of renewables and energy efficiency contributions, reaching the EU's overall climate and energy goals will require a collective... 

Labour shortage at Lake Balaton - Half of the business may go belly-up

June 19, 2019, 9:28 am
It is becoming increasingly difficult for businesses at Lake Balaton to recruit new staff. They claim this has to do with the fact that prices skyrocketed in stores around Hungary’s most popular... 

Moody's upgrades Hungarian banks

June 19, 2019, 9:21 am
The bank's Baa3 long-term and its Prime-3 short-term foreign currency deposit ratings, its Prime-2 short-term local currency deposit rating, its Baa1 long-term local and foreign currency Counterparty Risk... 

Budapest Stock Exchange introduces itself in Shanghai

June 18, 2019, 4:53 pm
The first Hungary Investor Day was held last week in Shanghai, under a co-operation between the capital markets of Hungary and China. Richárd Végh, the Chief Executive Officer of the Budapest Stock Exchange... 

Commission unhappy with draft energy and climate plans

June 18, 2019, 3:11 pm
As plans of European Union member states are currently falling short both in terms of renewables and energy efficiency contributions, reaching the EU's overall climate and energy goals will require a collective... 

Hungary absolute return funds nearly HUF 100 bn in the red in 2019

June 18, 2019, 11:30 am
May was the first month this year when assets managed by Hungarian investment funds decreased. Absolute return funds saw the biggest fall in assets, followed by bond and mixed funds. The decrease in total... 

OTP chief Csányi exercises stock option

June 18, 2019, 11:16 am
Sándor Csányi, Chairman-CEO of Hungary’s OTP Bank has excercised a stock option under the bank’s preferential share purchase programme on Monday, OTP announced on Tuesday. Csányi exercised... 

Drug makers could pay Hungary central budget HUF 100 bn in 2020

June 18, 2019, 9:59 am
Increasing the budget of the drug fund is required but not sufficient in order to improve our position relative to other Visegrád countries, Péter Holchacker, director of the Association of Innovative... 

This is how much Hungary's two new programmes will cost

June 18, 2019, 9:53 am
Hungary’s family protection action plan will cost the state 162 billion forints in 2020, and the economic protection action plan will absorb HUF 478 billion, according to the details of the 2020... 

Hungary to re-negotiate Paks 2 contract with Russia

June 18, 2019, 9:10 am
Hungarian Finance Minister Mihály Varga is holding talks in Moscow to amend the financing contract of the Paks 2 nuclear power plan between Russia and Hungary, atv.hu reported citing high-ranking government... 

Hungary bank branch network streamlined by 16%

June 18, 2019, 8:13 am
380 bank branches were closed in Hungary in the 12 months up to the end of March 2019, which corresponds to a 15.9% reduction, but the number of employees in the remaining branches increased, business... 

Hungarian gov't master plan unveiled - Major tax cuts may be mulled

June 17, 2019, 4:00 pm
The Hungarian government projects the best budget deficit trajectory of all times for the following years, the budget outlook for 2020 shows. The detailed figures also reveal that free budget reserves... 

Hungary's advertisement tax appears to be scrapped for good in 2020

June 17, 2019, 11:45 am
We’ve already learned from Hungary’s Finance Minister Mihály Varga that the government will suspend the collection of the advertisement tax between 2020 and 2022, but the latest budget outlook... 
« previous 20 articles  
'; } ?>