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Hungarian Chamber of Commerce

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Several New Investments Unveiled on Friday

September 25. 2017.

bbj.hu

Several companies inaugurated new facilities in Hungary last Friday. The Hungarian government contributed with grants to some of the investments, according to various reports by state news agency MTI. More...

Online Stores Must Offer Better Services - Says Consumer Body

September 22. 2017.

bbj.hu

A growing number of complaints have been registered by the Arbitration Board of Budapest (BBT), an independent consumer protection body, regarding electronics purchased online, with vendors refusing to meet their obligations under warranties, according to a report by business news portal vg.hu. More...

Chamber Head Acknowledges Reduction in Bureaucracy

September 21. 2017.

bbj.hu

Hungary has made progress in scaling back the bureaucracy businesses must deal with, but there is still room for improvement, Dale A. Martin, President-CEO of Siemens Zrt. and head of the German-Hungarian Chamber of Industry and Commerce (DUIHK), said in an interview in Thursdayʼs issue of business daily Világgazdaság. More...

STATISTICAL UPDATE: Massive Increase of Gross Wages

September 20. 2017.

Central Statistical Office

In July 2017, average gross earnings amounted to HUF 290,500, 13.1% higher than a year earlier. ... In the first seven months of the year, both gross and net earnings grew by 12.6% compared to the same period of the previous year. Details

Electric Cars May Hurt Hungarian Industry, Says Analysis

September 19. 2017.

bbj.hu

The expansion of the market in electric vehicles may have a negative impact on the Hungarian economy already within five years. Hungarian suppliers of major car manufacturers will be most affected by the trend, business news portal vg.hu cites an analysis as saying. More...

Vietnam, Hungarian Businesses Seek Cooperation Opportunities

September 25. 2017.

VietnamPlus

Vietnamese and Hungarian businesses had a chance to step up their cooperation in such areas as information-technology and high-tech agriculture at a forum in Hanoi on September 25.  The Vietnam-Hungary Business Forum took place on the occasion of Hungarian Prime Minister Viktor Orban’s official visit to Vietnam from September 24-25. More... (Photo MTI Balázs Szecsődi: Viktor Orbán addresses participants of the Vietnam-Hungary Business Forum)

“We Want To See Less Of Brussels And Stronger Nation States”, Hungary PM Says On Visit To Warsaw

September 22. 2017.

Hungary Today

Hungary and Poland are the guardians of the European Union’s founding treaty, Hungarian Prime Minister Viktor Orbán said on Friday in Warsaw at a press conference together with his Polish counterpart Beata Szydło. More...

Foreign Minister To BBC: Hungary Has Received “Zero Help” From The EU To Protect Schengen Border

September 21. 2017.

Hungary Today

Hungary believes that illegal migration poses a serious security threat to Europe, Hungarian Foreign Minister Péter Szijjártó said in an interview with BBC television on Wednesday evening. More...

Govʼt Launches HUF 20 bln Fund to Support Bourse Listings

September 20. 2017.

Budapest Business Journal

Hungaryʼs government launched a HUF 20 billion fund to support listings on the Budapest Stock Exchange (BÉT) at a meeting of mid-sized companies organized by the bourse on Wednesday. More...

Hungarian Central Bank Likely To Tighten Monetary Policy, Say London Analysts

September 19. 2017.

Hungary Today

The National Bank Of Hungary (MNB) is set to tighten its loose monetary policy next year to avoid stoking inflation and asset price bubbles, London-based emerging markets economists said ahead of the Monetary Council’s rate-setting meeting on Tuesday. More... - Update: MNB keeps base rate on hold, as expected