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Austria's AVL to set up new local HQ, R&D facility in Hungary

June 24, 2019, 3:17 pm
The foundation stone for Austrian automotive group’s new HUF 12.5 bn (EUR 39 million) headquarters and research and development centre in Hungary has been laid in Érd, outside Budapest on Monday.... 

Number of home purchases rise in Budapest

June 24, 2019, 12:09 pm
About 26% more homes were sold by developers in Budapest in the spring of 2019 than in the winter of 2018/2019, according to the Budapest Housing Report, which shows more than 2,000 homes sold in the spring.... 

Szolnok to receive second bridge on Tisza

June 24, 2019, 11:40 am
Vehicle traffic has multiplied in Szolnok, making the construction of a second bridge on the River Tisza justified. The Hungarian government has earmarked HUF 1.67 billion on preparing the project through... 

OTP receives treasury shares from employee ownership organisation

June 24, 2019, 10:36 am
OTP Bank's Employee Stock Ownership Plan Organisation transferred 422,702 shares to OTP Bank on June 21, 2019, based on the Remuneration Policy of ESOP Organization, the bank announced on Monday on the... 

Hungary could become global biofuel powerhouse

June 24, 2019, 8:45 am
Hungary and the Visegrád countries have substantial untapped capacity in the use of field crops and other biomass in energy generation, so much so the Hungary and the entire region could become leaders... 

Hungary's Monetary Council between a rock and a hard place

June 24, 2019, 8:30 am
The monthly policy meeting of the National Bank of Hungary (MNB) will set the tone this week in Hungary, and it could primarily affect the forint exchange rate. The rate setters are in a difficult position... 

thyssenkrupp to expand operation in Hungary

June 21, 2019, 4:16 pm
German technology group thyssenkrupp is to build a camshaft manufacturing plant in Pécs, southern Hungary, with a 17.4 billion forint (EUR 53.73 mn) investment. Hungary’s Minister of Foreign Affairs... 

Hungary explains hindering EU climate deal

June 21, 2019, 3:52 pm
The Hungarian government’s information centre has published an explanatory statement on Friday after playing a major role in the failure of a European Council agreement on a landmark climate strategy... 

Hungary to build port and logistics base in Italy

June 21, 2019, 2:18 pm
Hungary is building a port and a logistics base in Trieste, Italy so that Hungarian companies exporting overseas can ship their produce rapidly and without obstacles, Minister of Foreign Affairs and Trade... 

Hungary cenbank to make terribly difficult call

June 21, 2019, 12:54 pm
The National Bank of Hungary (MNB) is expected to keep the base rate on hold at 0.9% at uts upcoming meeting on Tuesday (25 June), but analysts polled by Portfolio think that in light of the updated quarterly... 

EU summit adopts strategy agenda 2019-2024

June 21, 2019, 10:53 am
Leaders of EU member states adopted a new strategic agenda for the 2019-2024 period at Thursday's summit. The agenda identifies four main priorities for EU institutions for the following five years. Follow-up... 

World's second biggest bank comes to Hungary

June 21, 2019, 10:07 am
The China Construction Bank, the second largest bank globally with assets worth more than USD 3,400 billion, will open a branch office in Hungary, Reuters reported. The bank's management held talks with... 

EU climate summit fails to set 2050 target

June 21, 2019, 9:07 am
As expected, there was no unanimous decision at Thursday evening's EU summit on whether the EU should become climate neutral by 2050, Reuters reported citing a provisional document. The recent European... 

Secrecy? It's no use. Giant citric acid factory to be built in Hungary

June 20, 2019, 5:10 pm
Preparatory works for the construction of a citric acid factory in Szolnok, a project in the making for eight years, could have already started, Hungarian economic news portal hvg.hu reported on Thursday.... 

Wizz Air threatened with "heaviest penalty possible" by Hungarian official

June 20, 2019, 4:42 pm
A consumer protection procedure has been initiated against Hungary-based discount airline Wizz Air, the minister leading the Prime Minister’s Office told a press conference on Thursday. Gergely Gulyás... 

Hungary may put off key anti-money laundering deadline - Gulyás (2)

June 20, 2019, 3:36 pm
(Adds comment by the Hungarian Banking Association) If banks in Hungary request it, the cabinet may postpone the deadline for identity checks, Gergely Gulyás, the minister leading the Prime Minister’s... 

Hungary cenbank to invest FX reserves in new portfolio

June 20, 2019, 3:32 pm
Following a decision by the Monetary Council of the National Bank of Hungary (MNB), a dedicated green bond portfolio within the Bank’s foreign exchange reserves will be created in the near future... 

How sick euro area slowdown will make Hungary and CEE?

June 20, 2019, 2:26 pm
Whereas bad and even worse macroeconomic releases have been piling up in Western Europe, the Central and Eastern European region shows quite a convincing resilience, without signs of slowdown. Analysts... 

Hungary debt manager to take measures on liquidity shortage

June 20, 2019, 11:29 am
The Government Debt Management Centre (ÁKK) has offered to repurchase retail government securities from banks that ended up with such a week ago, but will take further measures to alleviate the liquidity... 

It is revealed at last how many firms struggle with Hungary's gravest problem

June 20, 2019, 10:33 am
An article by Portfolio has altered the picture on Hungary’s labour shortage, showing that surveys can be misleading, and in fact the number of companies combatting this problem is actually lower... 
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