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Hungarian Chamber of Commerce



Hungary Third-Best In EU At Public Debt Reduction

October 24. 2016.

Hungary’s debt-to-GDP ratio stood at 75.6% of gross domestic product at the end of the second quarter in2016, which puts Hungary to the 16th place in the EU-27, a release by Eurostat, the statistical office of the European Union, showed on Monday. More...

Consumer, Business Confidence Drops In October

October 24. 2016.

GKIʼs combined consumer and business confidence index fell to minus 4.5 points in October from minus 3.6 points in September, according to Hungarian news agency MTI. The business confidence index inched down from 1.7 points to 1.0 points. More...

Hungarian President Throws Back Law That Would Kill Wind Turbines

October 21. 2016.

Hungary’s President János Áder has referred an amendment of the electricity act back to Parliament for review for it has practically bans the installation of wind turbines in the country. More...

Hungary To Start Contribution Cuts Next Year, Gov't Officials Leak To Newspaper

October 20. 2016.


Hungary will start a multi-year contribution reduction programme in January 2017, weekly newspaper Figyelő reported on Thursday. It has also learned, though, that in exchange of the measure companies will be required to raise wages, i.e. they may not pocket the sum they would win by the lowered burden. More...

NI Hungary Expands Plant At Cost Of HUF 5.5 Bln

October 19. 2016.

U.S.-based measurement and automation firm National Instruments is expanding production capacity at its Hungarian plant in Debrecen through an investment of HUF 5.5 billion, COO Alex Davern announced yesterday, according to reports. More...

Apollo Tyres To Infuse 475 mn Euro To Set Up Europe's Largest Greenfield Plant In Hungary

October 24. 2016.

F. Business

Apollo Tyres is setting up Europe's largest greenfield plant in Hungary with an investment of 475 million euros to produce nearly 62 lakh tyres for passenger cars and heavy commercial vehicles per annum. The facility at Gyongyoshalasz, located less than 100 km from here, will start production early next year and it will produce tyres to cater to the entire European market. More...

UNCITRAL and Arbitration

October 24. 2016.

UNCITRAL and Arbitration

Conference on the 50th Anniversary of the Establishment

of the United Nations Commission on International Trade Law

17 November 2016

BANK CENTER, Budapest V. Szabadság tér 7.

Hungary Central Bank Foundation Outlays Probed by Eurostat, ECB

October 21. 2016.

Bloomberg by

European authorities are probing spending by foundations connected with the Hungarian central bank to determine whether they affect budget data supplied by the eastern European nation and if they violate the bloc’s monetary-financing rules. More...

Low-cost Hungary Labour Shortage Challenges Automakers

October 20. 2016.

Just Auto

Reports of a growing labour shortage in eastern Europe have been reinforced by similar claims from Audi and Daimler of a worker shortfall in Hungary. Automaker executives told Reuters improve worker mobility and local infrastructure were needed after years of emigration to western Europe created labour shortages in bordering countries Hungary, Poland and the Czech Republic, making it hard for businesses of all kinds to recruit. More...   Read also Reuter's report: Samsung enlists Ukrainians to beat Hungary labor crunch

Hungary Reports Fastest Wages Rise Of Past Six Years

October 19. 2016.

Net real wages in Hungary rose sharply by 8.6% year on year in August. This corresponds to a HUF 13,000 net wage rise over a year.  More...