Tag: economy

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Open Society turns to human rights court over Hungary's 'Stop Soros' law

September 25, 2018, 4:42 pm
The Open Society Foundations are calling on Europe’s highest human rights court to act against Hungary over its so-called Stop Soros laws, which “criminalize and tax the work of independent... 

Hungary ÁKK already thinking about end-year debt?

September 25, 2018, 12:17 pm
Hungary’s Government Debt Management Agency (ÁKK) has unexpectedly cut the lot of 3-month discount Treasury Bills offered at its weekly auction on Tuesday. Despite a convincingly large demand, the... 

Hungary at risk of missing 2020 recycling target

September 25, 2018, 10:57 am
Hungary is at risk of missing the 2020 target of 50% recycling of municipal waste, and so does another 13 European Union member states, the European Commission said in its latest review published on Monday.... 

Undeclared work still alive and kicking in Hungary

September 25, 2018, 9:43 am
Hungarian authorities have uncovered infringements at two thirds of employers. Undeclared work remains rampant, almost 12% of all the employees checked work this way, local business daily Világgazdaság... 

London-based economists see smaller Hungarian rate hike and later

September 24, 2018, 5:22 pm
Fitch Solutions Macro Research, member of Fitch Group, has modified its forecast and now believes that the National Bank of Hungary (MNB) will start raising interest rates later than previously thought... 

Commission refers Poland to ECJ to protect Supreme Court

September 24, 2018, 4:45 pm
As Polish authorities failed to alleviate legal concerns of the European Commission about the country’s judicial reform, the EU executive has referred the country to the Court of Justice. The case... 

Hungary Mol to cut fuel prices on Wednesday

September 24, 2018, 4:05 pm
Hungarian oil and gas group Mol is to lower the wholesale list price of 95-octane gasoline by 3 forints per litre and the price of diesel by HUF 2 per litre on Wednesday. The average price of gasoline... 

Hungary is seen preparing for Eurobond issuance

September 24, 2018, 1:56 pm
Hungary's Government Debt Management Agency (ÁKK) has called for the arrangement of an investor meeting for the issuance of a 7-year Eurobond, Reuters reported on Monday. No details are available at this... 

Hungary fares poorly in health care efficiency rankings

September 24, 2018, 11:47 am
Hungary is on the 42nd spot in a Bloomberg Health Care Efficiency ranking, which marks a drop of nine places compared to the previous list published a year ago. All countries in Central and Eastern Europe... 

Business expectations drop to 12-month low in Hungary

September 24, 2018, 8:55 am
The economic sentiment index of Hungarian think tank GKI reached its historic peak in July and its lowest point this year in August, from where it fell further in September to a level it last was ten months... 

This is how government measures make life more expensive in Hungary

September 24, 2018, 8:32 am
Since the release of the Hungarian central bank’s (MNB) June Inflation Report, the cabinet has adopted several measures that influence the inflationary processes. According to MNB staff, the steps... 

Here's the list of investments that will shake Hungary up

September 22, 2018, 10:00 am
The National Bank of Hungary (MNB) has identified 34 large-volume and 11 further smaller capacity-increasing corporate investment projects that could set the future course for the country. The largest... 

Hungary is the most vehemently anti-refugee nation - survey

September 21, 2018, 5:14 pm
Three years after a record 1.3 million migrants sought asylum in Europe, a majority of people in several European countries say they support taking in refugees who are fleeing violence and war, according... 

Number of cars on Hungarian roads rises to new record, their age too

September 21, 2018, 11:42 am
If the number of new passenger car registrations matches the first-half figure, a new record will be set in Hungary in 2018. The highest number of new car registrations, 274,000, was reached in 2003, but... 

Hungarians' willingness to purchase tumbles abruptly

September 21, 2018, 9:00 am
The volume of sales in retail shops in Hungary increased by 5.3% year on year in July 2018, according to data adjusted for calendar effects. Although this is not a tragically low figure, we should note... 

Payment of EU funds to Hungary could be delayed - Commission source

September 20, 2018, 12:14 pm
A dispute between Hungary and the European Commission about some EU-funded projects may not be settled this year which could delay payments from the EU, a Commission source told Reuters on Wednesday. ... 

This is how much Hungary's new BMW plant will add to growth

September 20, 2018, 11:01 am
The Hungarian economy will grow by 4.4% in 2018, 3.5% in 2019 and 3.0% in 2020, according to the latest projections by the National Bank of Hungary (MNB), i.e. the central bank expects a mitigating slowdown.... 

Wage boom is not over in Hungary

September 20, 2018, 9:00 am
Wages have grown dynamically in July, and so it seems that the faltering (slower growth rate) in the previous months is now over. Even inflation jumping to a 5.5-year high could not tamper the sharp rise... 

EPP has no plans to expel Orbán until end of disciplinary process - President

September 20, 2018, 8:51 am
The European People’s Party (EPP) will not expel Hungarian Prime Minister Viktor Orbán’s Fidesz party while the EU’s Article 7 disciplinary process against the country is not over, said... 

Hungarian gov't to spend over EUR 18 mn on anti-Sargentini campaign

September 19, 2018, 4:38 pm
The Hungarian government led by Prime Minister Viktor Orbán is to launch a “wide-scale information campaign" in order to make it evident for everyone that the Sargentini Report is based on lies and... 
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