Magyar English News (RSS 2.0)

Alcoa Rolls Out Expanded Wheel Manufacturing Plant In Hungary

January 31. 2015.

The Manufacturer

Alcoa, which specialises in lightweight, high-performance metals, today officially opened its expanded wheels manufacturing plant in Hungary. The expansion will enable Alcoa to meet growing European demand for its lightweight, durable, low-maintenance aluminum truck wheels. More...

KSH: Retail Sales Increase 5.1% In November

January 29. 2015.

Budapest Business Journal / Christian Keszthelyi

Hungarian retail sales grew by a year-on-year 5.1% in November according to both calendar year-adjusted and unadjusted data, however the figures were revised slightly down from 5.2% in a first reading released on January 8, the Central Statistics Office (KSH) reported today in a second reading of data. More...

Draghi Plays Muse as Hungary's Interest-Rate Stance Eases

January 28. 2015.

BloombergBusiness /

The lowest inflation in almost five decades and unprecedented stimulus in the neighboring euro area is prompting Hungary’s central bank to revisit a pledge to keep interest rates on hold this year. More...

Hungary's Richter Enters Contraceptive Patch Deal With Bayer

January 27. 2015.

Reuters

Hungarian drugmaker Richter has entered a license and distribution agreement with Bayer HealthCare to sell a transdermal contraceptive patch in Europe and some Latin American countries, Richter said on Tuesday. More...

Hungarian FM Interested In Russian Gas Deliveries To Europe Via Turkey

January 26. 2015.

Sputnik International

Hungarian Foreign Minister Peter Szijjarto wants to negotiate the delivery of Russian gas to Central Europe using the new proposed pipeline via Turkey. The capacity of the new pipeline will be 63 billion cubic meters of gas per year. More...

Hungary Should Ease Monetary Conditions Further -IMF

January 31. 2015.

Reuters

Hungary's central bank should consider further cautious monetary easing due to persistent disinflationary pressures, the International Monetary Fund said on Friday after concluding its regular annual country review. More... - Further reading: Concluding Statement of the 2015 Article IV Mission

CEE Commercial Real Estate Investment Up 28 yr/yr, Hungary Ranks 5th

January 29. 2015.

portfolio.hu

Commercial real estate investment in Central and Eastern Europe (excluding Russia) rose 28% year-on-year and reached just over EUR 7.7 billion in 2014 according to the latest research from CBRE. Poland retained its leading position, with investment volume close to EUR 3.1 billion for the 12 months to 31 December 2014, a similar level to that of the last four years. An additional EUR 2.3 billion was traded in Russia, compared to EUR 5.3 billion in 2013. More...

CME: What was Behind Pork and Hog Market Trouble this Winter?

January 28. 2015.

The Pig Site

Livestock and meat markets have reminded us lately of the Anne Murray hit song of the ‘70s entitled “Sure Could Use A Little Good News Today.” And the pork and hog markets got some yesterday as Russia announced that it would begin the process of accepting some pork products from France, Hungary, Italy, Germany, Denmark and Netherlands. More...

Hungary To Launch Independent Data Collector For Utilities Sector

January 27. 2015.

Budapesti Business Journal

The Hungarian government decided last week that it would set up an independent entity, known as the Central Data Collection and Processing Company (KAF), which would be responsible for collecting data on the Hungarian utilities sector, the Prime Minister’s Office announced today. More...

Hungary Backs Turkey's EU Membership

January 26. 2015.

Anadolu Agency

Energy cooperation, trade volume and EU membership topped a high-level meeting on Monday between Hungary and Turkey's foreign ministers in Ankara. During a joint press conference with his Turkish counterpart, Hungary’s Peter Szijjarto said: "I would like to stress that we look to Turkey as an important partner of the EU and Hungary. We support all kinds of negotiations and talks between Turkey and the EU." More...