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Hungarian Chamber of Commerce



Gov’t To Offer HUF 24.3 Bln In Grants To 35 Big Companies

January 13. 2017. / MTI

Based on a decision made in 2016, the government will provide HUF 24.3 bln in financing to 35 big companies not eligible for European Union development funds, National Economy Minister Mihaly Varga said today, according to Hungarian news agency MTI. More...

Optimistic Views On Expected Eventful 2017 Economy

January 12. 2017.

Pundits are apparently optimistic about 2017 as far as the economy and its processes are concerned. However, to be better informed, making a note of some key events can be beneficial. K&H Hungary has summarized these, elaborating on the most important events of the year ahead. More...

World Bank: 2.6% Real GDP Growth In Hungary In 2017

January 11. 2017.

In the latest issue of its biannual Global Economic Prospects report released on Tuesday, the World Bank Group said that Hungaryʼs GDP could grow by 2.6% in real terms in 2017. In June 2016, the organization predicted a 2.4% growth rate for this year. More...

Hungary, Bulgaria Ban Shipping On Danube As River Freezes Over

January 10. 2017.


Hungary and Bulgaria have banned shipping on the Danube as the river is freezing over and floating ice poses a risk. Gabriella Siklos, spokeswoman for the Hungarian General Directorate of Water Management, told Reuters on Tuesday that the ban was effective from 1500 GMT. More...


STATISTICAL UPDATE: Trade Surplus Amounted To EUR 908 Million In November

January 09. 2017.

Central Statistical Office

In EUR terms, exports increased by 5.8% and imports by 4.6% in November 2016 compared to the same period of the previous year. The trade surplus was up by EUR 130 million. In the first eleven months of the year, the EUR value of exports and imports grew by 2.7% and 1.0%, respectively. Details

CENBANK Inflation Report: Minor Changer In December

January 13. 2017.

Hungarian News Agency / NBH

The National Bank of Hungary’s measures of underlying inflation were “broadly unchanged” in December from the previous month, the central bank said on Friday, according to Hungarian news agency MTI. Full report - Read expert comments on Portfolio.

UK, France Blazed Trail For Hungary Nuclear Deal

January 12. 2017.

Politico / By Sara Stefanini

If Hungary emerges unscathed from the European Commission’s two investigations into its controversial Russia-backed nuclear power project, it will largely have France and the U.K. to thank for setting rule-bending precedents on such projects. More...

Hungary Plans to Crackdown on All Soros-Funded NGOs

January 11. 2017.

Bloomberg / By Zoltán Simon

Hungary plans to crack down on non-governmental organizations linked to billionaire George Soros now that Donald Trump will occupy the White House, according to the deputy head of Prime Minister Viktor Orban’s party. The European Union member will use “all the tools at its disposal” to “sweep out” NGOs funded by the Hungarian-born financier, which “serve global capitalists and back political correctness over national governments,” Szilard Nemeth, a vice president of the ruling Fidesz party, told reporters on Tuesday. More... (Photo: Orbán meets Soros in the Parliament House, autumn 2010)


One Of The Most Famous Thermal Baths To Be Sold UIn Budapest

January 10. 2017.

The Rác baths in Budapest will be sold in an open tender, Sándor Börcsök, the liquidator of the companies that renovated the historic thermal baths said in Tuesday’s issue of business daily Világgazdaság. The baths’ developers were declared companies of “special strategic importance” by the government last year, which allows the possibility of a closed sale of their assets, the paper noted. More...

Kecskemét Hits The Right Notes To Become Hungary FDI Hub

January 09. 2017.

FDIIntelligence / Courtney Fingar

According to its mayor, Hungary’s Kecskemét has attracted major companies such as Mercedes-Benz with its flexible, creative and productive workforce. This is thanks to an educational system that combines the Kodály method with a strong vocational focus, she tells Courtney Fingar. More... Also on the subject: Diode laser center to be built in Kecskemét