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President Appoints Minister For Paks Upgrade

April 26. 2017.

Budapest Business Journal / MTI

President János Áder on Wednesday appointed the mayor of Paks, János Süli, Hungaryʼs new minister without portfolio in charge of the upgrade of the Paks Nuclear Power Plant, Hungarian news agency MTI reported. More...

China Launches "China-CEE Institute" Think Tank In Hungary

April 25. 2017.

The the first Chinese think tank independently registered in Europe, China-CEE Institute was launched on April 24 in Hungary. The launching ceremony was held in the Hungarian Academy of Sciences. In his keynote speech Chinese Academy of Social Sciences (CASS) president Wang Weiguang said that the institute would promote exchanges through field study, joint research, conferences, seminars and lectures. An academic committee will be set up, and leading scholars from China and CEE countries will be members of the committee, he added. 

Lear Corp Set To Relocate Seating Work From Hungary Plant To Moldova

April 24. 2017.

By Richard Higgs, Plastics News Europe

US automotive components supplier Lear Corporation is understood to be planning to shut down a car seating covers production plant in northern Hungary laying off more than 800 workers, according to local media reports. More...

STATISTICAL UPDATE: Average Gross Earnings On The Rise

April 20. 2017.

Central Statistical Office

In February 2017, average gross earnings amounted to HUF 274,800, 10.7% higher than a year earlier. In January–February 2017 increased by 10.3% compared to the same period of the previous year. Primarily, the rise in the minimum wage as well as the salary adjustment in various areas of the public sector had an impact on earnings growth. Details...

PM Viktor Orbán About The Governance, The Higher Education Law And The Upcoming Vote 2018

April 19. 2017.

Hungary Today

Prime Minister Viktor Orbán has said it would soon become clear that fears the government plans to close down the Central European University (CEU) are unfounded. “Soon people will realise that this isn’t about closing down a university but about applying the law to all Hungarian universities,” he told the daily Magyar Idők. More...

Fewer, But Still Many, Hungarians Leave The Country In 2016

April 26. 2017. / Világgazdaság

A total of 29,400 Hungarian citizens moved abroad last year, a 10% drop compared to the preceding year, while 17,000 Hungarians returned to the country from abroad, according to the latest figures from the Central Statistical Office (KSH), as reported by Hungarian online news daily Világgazdaság. More...

V4 Haulage Reps Unite Against ‘Measures Restricting Competition’

April 24. 2017.

Leaders of road haulage federations in the Visegrád Four countries have adopted a joint declaration against Western European measures restricting competition, according to a press statement sent to the Budapest Business Journal. Representatives met in Budapest on April 21. More...

Orban With Hungarian Business Team In Georgia

April 21. 2017.

PM's Press Office

PM Viktor Orban escorted by several cabinet ministers and a large team of leading Hungarian company executives paid a visit to Tbilisi, capital of Georgia. During the visit Georgia’s Economy Minister Giorgi Gakharia and Hungary’s Minister of National Economy Mihaly Varga have signed an investment protection agreement. As the keynote speaker of the Georgian-Hungarian Business Forum, Minister of Foreign Affairs and Trade Péter Szijjártó stressed that within the framework of its "Eastern Opening" policy Hungary is striving to develop trade relations with the Caucasian republics, including Georgia which is Hungary’s second most important partner in the region. More

Hungary Aims To Change EU From Within, Says Lázár

April 20. 2017. / HBLF

Hungary does not want to exit the European Union but to restructure and change its institutional system in order to make all the countries within it successful, Cabinet Chief János Lázár said today at a summit of the Hungarian Business Leaders Forum (HBLF), according to reports. More...

Why Orban v. Soros Has Hungarians in the Street: QuickTake Q&A

April 19. 2017.


Hungarians have taken to the streets in their tens of thousands over the past two weeks in the most sustained wave of protests against Prime Minister Viktor Orban since he returned to power in 2010. The self-described champion of an “illiberal state” modeled on Russia and Turkey has challenged the European Union’s core democratic ideals. His latest move pits him against one of Hungary’s most famous emigres: billionaire George Soros. More...