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.

INNOVATION: Anti-Counterfeiting Label Developed In Hungary For HUF 1 Bln

August 31. 2015.

Hungarian Vasbeta reportedly spent HUF 1 bln to develop a high security anti-counterfeiting label that can be applied to all types of goods, managing director György Barta said in Miskolc, northeastern Hungary. More...

TOURISM: Messing About On The River

August 30. 2015.

The Budapest Times

Hungary is a real dream destination for canoe enthusiasts. The long summers, warm climate with little rain and low price level of accommodation, refreshments and boat rent make the country a paradise for paddlers. More...

Hungarian Banks Post Largest Profit In Two Years

August 28. 2015.

Although lending remains effete and there is a wide gap between certain banks, the sector’s profitability has started to shift into the visible zone. According to the latest central bank (MNB) data published on Friday, local credit institutions posted HUF 78.1 billion combined profit in the second quarter of 2015, which corresponds to a 10% return on equity (ROE). More...

Hungary Calls Tenders For HUF 71 Bln Of R&D Grants

August 27. 2015.

The Hungarian government yesterday reportedly called tenders for HUF 71 bln in European Union and state funding for research, development and innovation, Hungarian news agency MTI reported. More...

FINANCE: Lending In Hungary Remains Sluggish, B.Bank Not Happy

August 31. 2015.

Lending to corporations remains well under the desired level in Hungary, the central bank (MNB) stated in its 'Trend in Lending’ publication on Monday. Although lending to the SME sector expanded on the whole, there was a substantial decline in outstanding loans to large corporations, and the transaction-based annual growth rate of outstanding borrowing by non-financial corporations dropped to -3.4%, whereas sustainable economic growth would be ensured by a 5% growth. More...

Parragh: Proposal For Early Retirement For Hungarian Men “Irresponsible”

August 30. 2015.


Calls to allow men to retire after 40 years are “irresponsible”, the head of Hungary’s Chamber of Commerce and Industry said. Hungary’s biggest challenge in the past few years has been to maintain the budget balance, László Parragh told public television news channel M1, adding that lowering the retirement age would reduce tax revenues insupportably and erode the national pension fund. More...

KSH: Hungary’s Jobless Rate Drops To 6.8% in May-July

August 28. 2015.

Budapest Business Journal

The average unemployment rate among Hungarians between the ages of 15 and 74 dropped to 6.8% in May-July, down from 8.0% in the same period last year, and also down from 6.9% in the April-June period of this year, Hungary’s Central Statistical Office (KSH) reported early this morning. More... - Read fulkl statistical reports. Employment. Unemployment.

Statistical Update: Retail Sales

August 27. 2015.

Central Statistical Office

In June 2015, the volume of retail sales increased by 7.2% according to raw data and rose by 6.2% adjusted for calendar effects compared to the same period of the previous year. More...

Apollo Tyres Closes €300 Million Financing For Hungary Plant

August 26. 2015.

Live Mint

Apollo Tyres Ltd on Wednesday said it has closed a €300 million financing for its upcoming manufacturing plant in Hungary. An international consortium of banks comprising ABN AMRO Bank NV, Magyar Export-Import Bank, Raiffeisen Bank, Standard Chartered Bank and UniCredit Bank Hungary, supported the company and provided the debt financing, the company's statement added. More...