Tag: economy

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Hungary's 3rd largest investment project could be a gigantic property deal

March 21, 2019, 5:24 pm
Germany’s Fakt AG is to embark on a one billion euro investment project in western Hungary to create Europe’s most advanced horticultural production processing and logistics centre in Hegyeshalom/Bezenye.... 

One of the largest investments in Hungarian history announced

March 21, 2019, 11:39 am
Germany’s Fakt AG plans to invest one billion euros in Europe’s most advanced horticultural production processing and logistics centre in western Hungary, the country’s Ministry of Agricultura... 

EPP suspends membership of Orbán's Fidesz party

March 21, 2019, 8:44 am
Following a vote in the European People’s Party (EPP) Political Assembly, the membership of Hungarian party Fidesz has been suspended with immediate effect (190 in favour, 3 against) after a joint... 

Orbán's Fidesz party will leave EPP at once if it is suspended

March 20, 2019, 4:37 pm
Hungary’s ruling Fidesz party will remain in the European People’s Party (EPP) only if the political assembly of the centre-right political group, the largest in the European Parliament, does... 

Hungarians grow slightly happier

March 20, 2019, 3:25 pm
Finland has consolidated its hold on first place, ahead of an also-rising Denmark in second place, in the United Nations 7th World Happiness Report published on Wednesday. Hungary stepped forward two places... 

Orbán makes CEU-related promise to ease tensions before EPP vote

March 20, 2019, 12:42 pm
A day before the European People’s Party’s (EPP) political meeting set to decide whether to keep tolerating Hungarian Prime Minister Viktor Orbán’s Fidesz party trampling on core European... 

Hungary's 2nd largest bank to be created if this merger is realised

March 20, 2019, 11:29 am
In view of the remarks made by Takarékbank Chairman-CEO József Vida, it has become more likely that Takarék Group will also make a bid for Budapest Bank, the privatisation of which needs to be negotiated... 

Hungarian SMEs to receive 5 billion forints to create jobs

March 19, 2019, 5:05 pm
Hungary’s Finance Ministry is announcing a tender with a five billion forint budget to support the job-creating investments of micro, small and medium-sized companies, Finance Minister Mihály Varga... 

EU to co-finance joint defence projects worth EUR 500 million

March 19, 2019, 4:05 pm
The European Commission has on Tuesday adopted work programmes to co-finance joint defence industrial projects in 2019-2020 worth up to 500 million euros. A further EUR 25 million have been earmarked to... 

Hungary PM Orbán holds talks with U.S. legislators

March 19, 2019, 1:30 pm
Hungary’s Prime Minister Viktor Orbán has had talks with U.S. senators in Budapest on Tuesday about bilateral security policy and economic co-operation and the energy supply of Hungary and the Central... 

Billions of forints withdrawn from popular investment funds in Hungary

March 19, 2019, 11:48 am
Further tens of billions of forints were withdrawn from Hungarian money market funds in February 2019 due to an EU rule tightening coming into effect that month. Absolute Return funds have also failed... 

Hungary Mol to lower price of diesel on Wednesday

March 18, 2019, 4:13 pm
Hungarian oil and gas group Mol is to lower the wholesale list price of diesel by HUF 3 per litre on Wednesday, while it will not change the price of the 95-octane gasoline. The average price of diesel... 

Almost 180,000 children have Baby Bonds in Hungary

March 18, 2019, 10:13 am
By the end of February, 178,000 children in Hungary had ‘baby bonds’, and the funds kept in this special government security has exceeded 60 billion forints, a Finance Ministry official told... 

Lazy week ahead in Hungary, with eyes on the Fed

March 18, 2019, 8:01 am
No significant macroeconomic release is expected to be released in Hungary this week, while the Federal Reserve in the United States is set to hold a policy meeting that could have an impact on the global... 

Hungary's Orbán apologises for calling pro-expulsion parties "useful idiots"

March 14, 2019, 4:47 pm
Hungary’s Prime Minister Viktor Orbán has apologised for calling parties that requested the expulsion of his ruling Fidesz party from the European People’s Party (EPP) family “useful... 

EPP's Weber says not all problems with Hungary's Orbán solved

March 14, 2019, 2:38 pm
Manfred Weber, the European People’s Party (EPP) candidate for European Commission President, said his meeting with Hungarian Prime Minster Viktor Orbán in Budapest on Tuesday was constructive. That... 

Putin to pay Budapest a visit

March 14, 2019, 11:59 am
Russian President Vladimir Putin is going to visit Budapest sometime in the second half of 2019, Hungary’s Minister of Foreign Affairs and Trade told mfor.hu in an interview published on Thursday.... 

Non-performing loan ratio hits 10-year low in Hungary

March 14, 2019, 11:17 am
The ratio of loans overdue by more than 90 days has dropped to 4.5% in the Hungarian banking sector by the end of 2018, which is the lowest reading since early 2009, data by the central bank (MNB) showed... 

Hungary's construction sector starts 2019 in tiptop shape

March 14, 2019, 10:00 am
Hungary’s construction output increased by 9.8% month on month in January 2019, according to data adjusted seasonally and for working days, the Central Statistical Office (KSH) reported on Thursday.... 

Hungary vies for 18 large German investment projects - minister

March 14, 2019, 9:01 am
Hungary is competing for 18 large potential investment projects by German companies operating mainly in the automotive and services centre sectors, said Minister of Foreign Affairs and Trade Péter Szijjártó.... 
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