Magyar English News (RSS 2.0)

ICC Workshop: Managing Intellectual Property in MERCOSUR States - Focus On Brasilia...

September 19. 2014.

... this is the title of the workshop the HCCI is organising on 7 October 2014 in Budapest in co-operation with the EU MERCOSUR IPR SME Helpdesk and with the support of the ICC. Attendance is free. Participants from the CEE countries are welcome. For programme details see the attached file and contact Flóra Pálmay (Ms), Dty Director, Int'l Relations, phone ++361 474 5143, e-mail:

Hungary Gov't Needs Not To Consider Banks' Breaking Point - Rogán

September 18. 2014.

The Hungarian government does not have to consider the burden-bearing capacity of local banks when they incur heavy losses over their forint and forex receivables because this is about executing a court ruling, said Antal Rogán, head of the parliamentary group of the ruling Fidesz party. The compensation payable by creditors for using unfair lending terms will affect every private individual holding a loan, and corporates may be included too if the Curia (Supreme Court) decides so. He reiterated that the monthly installment of an average forex borrowers could decrease by 25-30% as a result of the obligatory refunds. More...

Danube Energy Initiative and Gas Supply Monitoring Emerge at an Energy Conference in Budapest

September 17. 2014.


Today important issues related to providing energy security in Europe were discussed at a conference on Development and Use of Natural Gas in the Danube Region: Prospects and Opportunities hosted by the Hungarian Chamber of Commerce and Industry with support by the Danube Energy Initiative. More...

Hungarian PM Calls Pending Anti-Bank Legislation "Historical"

September 16. 2014.

NewEurope Online

Addressing parliament on the first day of its autumn session on Monday, Hungarian Prime Minister Viktor Orban called a new bill, set to go before the House "historical in significance." Orban said the new bill was in line with other government measures aimed at fairness. More...

Hungary’s Healthfood King Takes His Sugarfree, Low Carb Company Public

September 15. 2014.

You may not have heard of Norbert Schobert, but you may be about to. This once tubby ex-policeman has in a few short years, with a combination of astute business sense and carpet-bomb advertising, built Hungary’s number one healthfood business, and now he is taking it public, and expanding into Europe. More...

S&P Affirms Hungary's Rating

September 19. 2014.

Dow Jones Business News

Standard & Poor's Ratings Services on Friday affirmed Hungary's credit rating, citing the Eastern European country's economic improvement and higher capacity for exports. Read more

ANALYST VIEW - Hungary: Beyond FX Dispute Is Solid Growth - Merrill Lynch

September 17. 2014.

A trip by economists of Bank of America Merrill Lynch to Budapest reaffirmed their view that the central bank (NBH) will stay on hold, but with a small bias towards easing. They also maintain their view for an "orderly resolution" to the FX loan issues, and consequently manageable drawdown of FX reserves. More...

Coming Soon: 3rd European Parliament of Enterprises

September 16. 2014.

Exactly one month from today, about 1000 business representatives from 45 European countries, including 21 from Hungary, will gather in the hemicycle of the European Parliament in Brussels for the third edition of the European Parliament of Enterprises (EPE).  The European Parliament of Enterprises is the largest event at EU level that gives the floor directly to entrepreneurs, allowing them to provide politicians with bottom-up feedback on EU policies. For more, click on the title.

Countries of Danube region support South Stream

September 16. 2014.

In Serbia News

Hungary, Serbia and Bulgaria, and the chambers of commerce of these countries support the construction of the South Stream gas pipeline, arguing that it will help the economic development of these countries and they therefore expect that the EU and Russia will come to an agreement concerning the project. More...

Hungary Construction Sector Shows Signs Of Fatigue, But Still Has Juice

September 15. 2014.

The volume of construction output increased in Hungary in July, but it could not offset the marked contraction in June. The latest data suggest that in the near future this particular sector will no longer be able to contribute as much to economic growth as in the preceding quarters. More...