Magyar English News (RSS 2.0)

October 2015: Budapest Hosts 2nd Hungary - Latin America Forum

July 06. 2015.

HCCI Press

On 15-16 October, Budapest will host one of this year's top international events, the 2nd Hungary-Latin America Forum. Organised by the MInistry of Foreign Affairs and Trade, the forum intends to bring together representatives of regional organizations, government agencies, business entities, as well as prominent members of the world's scientific and academic circles. Read the attached invitation letter and programme details and register at this website, if interested to attend.

Statistical Updates: Earnings, Vital Events, Retail

July 29. 2015.

Central Statistical Office

- In January–May 2015, average earnings increased by 3.5% compared to the same period of the previous year. Details...

- In the first five months of 2015, 36,520 children were born, 2.7% more than a year earlier. The number of deceases increased by almost 10 % compared to January–May 2014. Details...

- In May 2015, the volume of retail sales increased by 4.4% according to raw data and rose by 5.4% adjusted for calendar effects compared to the same period of the previous year. Details...

Organic Forms From Hungary

July 29. 2015.

The roof of the Pancho Arena cantilevers 43 feet over spectators and is supported by glulam columns. Illustration is computer graphic; text: World Architecture News.com

When current Prime Minister Viktor Orbán commissioned a landmark soccer stadium at the Puskás Academy, just outside of Budapest, he “was firmly committed to the concept of organic Hungarian architecture,” says Tamás Dobrosi, principal at local firm Doparum Architects. More...

Hungary To Provide Assistance To FX Car Loan Holders, Will Keep EBRD Deal

July 28. 2015.

portfolio.hu

Hungary’s foreign currency debtors were reimbursed a total of HUF 744 billion in the spring settlement with banks, of which HUF 563 bn belonged to borrowers with active contracts. The Economy Ministry has put together the next assistance package, which will be the voluntary conversion of forex car loans, said deputy minister András Tállai. He did not say whether conversion will take place at a discount rate. More...

Consumers Turn More Upbeat About Hungary's Economic Prospects

July 27. 2015.

portfolio.hu

The GKI-Erste economic sentiment index adjusted for seasonal effects remained unchanged in July, reflecting a relatively optimistic mood, as it has been practically unchanged for the seventh consecutive month, a GKI report showed on Monday. More...

Statistical Update: Employment, Unemployment

July 29. 2015.

Central Statistical Office

- 126 thousand more people in work than a year ago. The employment rate of people aged 15–64 increased to 63.8%. Details... - The unemployment rate dropped by 1.2 percentage points to 6.9%. Details... -  Read also: Job creation at heart of development policy (politics.hu)

BorgWarner Opens Engine Plant In Northwestern Hungary

July 29. 2015.

Budapest Business Journal

U.S.-owned automotive industry supplier BorgWarner yesterday inaugurated its engine plant, made possible through an investment of HUF 7 bln, in Oroszlány, northwestern Hungary, state news agency reported yesterday. More...

Report: Risk Capital Builds HUF 1.1 Bln Warehouse Near Daimler Plant

July 28. 2015.

bbj.hu

Hungarian-owned property developer Risk Capital is building a HUF 1.1 bln warehouse near German carmaker Daimlerʼs Hungarian plant in Kecskemét, central Hungary, Hungarian news agency MTI reported today citing Zoltán Petrik, sales director at sales partner In-Management. More...

Danube Commission Reaches Agreement With EC To Develop Navigation

July 27. 2015.

bbj.hu

The conditions for boating on the River Danube will be improved and navigation is expected to develop as a result of a cooperation agreement signed by the Danube Commission and the European Commission department for mobility and transport, Hungarian news agency MTI reported on Friday. More...

Hungary's Graboplast Invests €28m To Expand Export Sales

July 24. 2015.

Plastics News Europe / By Richard Higgs

Hungarian specialist vinyl flooring producer Graboplast is planning to boost sales through new expansion projects at two of its production plants. The Győr-based company intends to invest €28.1m over the next two years at its multi-layer PVC residential flooring plant at Tatabánya in north western Hungary and the south eastern facility of Kecskemét which manufactures wood parquet floors. More...