Tag: economy

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What has the EU ever done for us?

May 18, 2019, 7:36 pm
“What is Europe doing for us, concretely? Why should we vote". This is in substance what my nieces asked me recently when discussing about the upcoming European Elections. Such questioning unfolds... 

Are vehicle plants in Hungary at risk? - Why? It's really worth operating here!

May 17, 2019, 2:11 pm
A report by German daily newspaper Handelsblatt on Sunday caused quite a ruckus, as it said multiplying challenges are forcing luxury carmakers BMW and Daimler to make cutbacks which will negatively affect... 

Hungary's Orbán wants to buy mid-range air defense missiles from USA

May 17, 2019, 10:04 am
Hungary’s Prime Minister Viktor Orbán has urged U.S. President Donald Trump during his Washington visit to launch the extraction of Romanian natural gas on the Black Sea, the PM told public radio... 

LGBT adoption is selfish - PM's chief of staff

May 16, 2019, 4:03 pm
Gergely Gulyás, the minister leading the Prime Minister’s Office, concurred with Speaker of the National Assembly László Kövér who likened paedophiles to gay people trying to fight for the right... 

Normal homosexuals do not consider themselves equal - Kövér

May 16, 2019, 12:34 pm
“Normal homosexuals" try to adapt and do not want equality, and there is no difference between paedophiles and gay people who demanding the right to adopt. These are rather strong statements, wouldn’t... 

Three things may force Hungarian cenbank to turn around

May 16, 2019, 11:12 am
It would take inflation north of 4.0%, the forint to depreciate over 330 versus the euro and a steepening yield curve as more inflation premium gets built in for the National Bank of Hungary (NBH) to surrender... 

U.S. plans no sanctions against Hungary's Mészáros - Ambassador

May 16, 2019, 9:52 am
The United States does not plan sanctions against Lőrinc Mészáros, the U.S. Ambassador to Hungary David Cornstein told local broadcaster ATV late on Wednesday, denying reports by investigative journalism... 

Three large U.S. enterprises to expand operations in Hungary

May 16, 2019, 9:31 am
Three large U.S. enterprises, ExxonMobil, National Instruments and Flowserve have decided to expand their operation in Hungary, announced Minister of Foreign Affairs and Trade Péter Szijjártó on Thursday.... 

Hungarian economy grows faster than any other EU member state

May 15, 2019, 1:12 pm
The Hungarian economy was in a bombastic form in the first quarter of 2019, and it jumped right on top of the European Union’s growth ranking. None of the economies that published their Q1 growth... 

U.S. prepares sanctions against Hungarian PM associates

May 15, 2019, 12:13 pm
The U.S. administration has readied sanctions against close associates of Hungary’s Prime Minister Viktor Orbán, on the basis of the Global Magnitsky Act, investigative journalism portal Átlátszó... 

This is how much the Hungarian economy grew in the first quarter

May 15, 2019, 9:00 am
Hungary’s gross domestic product grew by 5.2% year-on-year in January-March, according to figures adjusted seasonally and for working days, the Central Statistical Office (KSH) reported on Wednesday.... 

EU adopts package to reduce financial system risks

May 14, 2019, 4:12 pm
The European Union is putting in place a new framework which will strengthen the banking union and reduce risks in the financial system. The European Council has on Tuesday adopted a comprehensive legislative... 

Japanes companies mull investing hundreds of billions of forints in Hungary

May 14, 2019, 3:15 pm
An administrative state secretary of Hungary’s Ministry of Foreign Affairs and Trade has held talks with Japanese companies that plan investments worth several hundred billion forints combined. ... 

Hungary PM "feeling nostalgic" after visiting Trump in Oval Office

May 14, 2019, 12:36 pm
Hungary’s Prime Minister Viktor Orbán called U.S. President Donald Trump a “strong and ambitious leader" in a video uploaded to his Facebook page. Donald Trump is a “clear-headed"... 

Hungarian PM Orbán meets U.S. President Trump in Oval Office

May 14, 2019, 12:06 pm
U.S. President Donald Trump has welcomed Hungarian Prime Minister Viktor Orbán in the White House late on Monday. Whereas Orbán was the first foreign leader to endorse Trump in 2016, he was the last leader... 

Hungary's construction sector maintains huge momentum

May 14, 2019, 9:00 am
The volume of Hungary’s construction output was 67.6% higher in March 2019 than in the same month of 2018. The main reason behind the shockingly high figures is a statistical effect, but this does... 

Hungary's economic growth seen sky-high in January-March

May 13, 2019, 5:32 pm
The Hungarian economy most likely fared excellently in the first quarter of 2019. The monthly production and consumption data suggest that the country’s gross domestic product expanded even more... 

German carmakers may rivisit expansion plans - paper

May 13, 2019, 1:05 pm
BMW and Daimler are forced to make some cutbacks therefore they will need to water down plans for the expansion of production in Hungary, German business daily Handelsblatt reported on Sunday. The article... 

Hungarian business climate index rises to all-time high

May 13, 2019, 9:42 am
Hungarian businesses continue to have a positive assessment of the domestic business climate, according to a survey of 2,817 corporate executives by the Hungarian Chamber of Commerce and Industry (MKIK)... 

Jaws may drop on Hungary's data release on Wednesday

May 13, 2019, 8:08 am
The key data in Hungary this week is without a doubt the Central Statistical Office’s (KSH) first-quarter GDP release due on Wednesday, and we might be in for a huge surprise to the upside. Hungary’s... 
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