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Hungarian Chamber of Commerce



MNB: Hungary Net External Financing Capacity At 8.6% Of GDP In Q1

June 24. 2016.

Adjusted for seasonal effects, Hungaryʼs net external financing capacity was €2.395 billion or 8.6% of quarterly GDP in the first quarter, balance of payment data published by the National Bank of Hungary (MNB) today show, according to Hungarian news agency MTI. More...

TOURISM: Budapest: Under My Skin

June 23. 2016.

NZHerald / By Sophie Barclay

Sitting in the heart of a major geological basin, Budapest claims to be the only capital city in the world with healing thermal springs. There are around 123 that have forced their way through cracks in the limestone hills, giving rise to a rich spa culture that began among the Celtic tribes in the first century AD. More...

INESA Inaugurates €6 Mln Logistic Base In Central Hungary

June 22. 2016.

Chinese-Hungarian joint venture INESA yesterday inaugurated a logistic base in Dunakeszi, north of Budapest, through an investment of €6 million, Hungarian news agency MTI reported. More...

Hungarian Wages Rise Like They Never Did Over The Last 13 Years

June 21. 2016.

Wages in Hungary grew significantly in April which led to a dynamic rise in real wages. The increase was a result of a tight labour market, low inflation and wage hikes in the public sector. More...

First Integrated Waste Management Solution For Hungary

June 20. 2016.

PR Newswire

AmoTerra (AMT) and the Government of Hungary announces their plan to build the first ever total program installation for remediating waste streams, including mixed waste and radioactive material. Incorporating proven leading-edge technologies, this integrated holistic management system not only remediates waste, but also recovers greater amounts of materials to be recycled, up-cycled and sold. More...

Hungary Central Bank Comments On Brexit News

June 24. 2016.

The National Bank of Hungary is continuously tracking the financial market developments that have ensued as a result of the British referendum result, and has every means of ensuring financial stability in the markets, NBH Managing Director Dániel Palotai said among other soothing messages Friday morning. The NBH issued a statement shortly before noon on Friday. (Cartoon More...

Hungary Cenbank Sticks To Growth Estimate

June 22. 2016.

The National Bank of Hungary (MNB) has revised its inflation forecasts slightly upwardly, whereas it has left is growth projections unchanged both for this year and next. The latter is a bigger surprise considering that first quarter GDP data was lower than expected and analysts currently forecast this year’s economic output to be around 2%. More...

Government Deficit Reaches HUF 13.2 Bln In May, 2% of Full-Year Target

June 21. 2016. / MTI - Econews

Hungaryʼs cashflow-based government deficit, excluding local councils, reached HUF 13.2 billion at the end of May, the National Economy Ministry confirmed in a second reading of data today, Hungarian news agency MTI reported. More... - Read also on Eurostat: Structure of government debt in 2015

Ministry Calls Tenders For Nine Mining Concessions

June 20. 2016.

The National Development Ministry said on Friday it called tenders for nine mining and exploration concessions for fossil fuels and another one for exploring and developing a geothermal energy site near Győr, Hungarian news agency MTI reported. More...

Hungary's 'Team Matolcsy' Juggles With Billions Of Euros

June 17. 2016.

The National Bank of Hungary (MNB) has been making profit almost exclusively on the conversion of foreign exchange reserves. This allowed the bank to transfer 260 billion forints to its Pallas Athena foundations which made the European Central Bank (ECB) concerned by their controversial investments. More...