Magyar English News (RSS 2.0)

"Blue Week" in Lisbon

April 28. 2015.

Chamber Press

Between 3 and 6 June Portugal will be hosting a "Blue Week" in Lisbon also featuring a Blue Business Forum with B2B meetings, conferences, workshops and seminars. The Blue Business Forum will showcase leading research and innovation projects on topics including the extension of continental platform, bio marine technologies, blue energy, aquaculture and fishing, tourism, ports logistics and maritime transportation, etc. Read more about the event at the Blue Week site. 

MOL Group To Acquire Ithaca Petroleum Norge

April 27. 2015.


Hungarian oil and gas firm MOL Group will buy Ithaca Petroleum Norge (IPN) from Ithaca Energy, as a foray into the Norwegian market. IPN has a portfolio of 14 licences in the North Sea area of the Norwegian Continental Shelf. More...

Statistical Updates: Gross Earnings, Demography, Retail

April 24. 2015.

- In January–February 2015, average earnings increased by 3.7% compared to the same period of the previous year. Download full report.

- More births and more deaths. Download full report of vital events.

- In February 2015, both the raw and calendar adjusted volumes of retail sales increased by 6.4% compared to the same period of the previous year. Download full report.

Hungary Poultry Sector Squeaks An Alarm Call Over Fishy Porky Plan

April 23. 2015.

Hungary’s Poultry Product Council (PPC or BTT in Hungarian) argues the cabinet’s latest proposal to lower the VAT on pork to 5% from the current 27% next year lacks any sound professional reason. It has warned on Thursday that the measure would deliver a serious blow to the profitability of the poultry sector and put jobs at risk. More...

Hungary Plans To Cut Personal Income Tax In 2016 - EcoMin

April 22. 2015.

Hungary’s National Economy Ministry is proposing the government to lower the personal income tax rate to 15% from 16% in 2016, Economy Minister Mihály Varga told a press conference on Tuesday, after informing the presidency of the Fidesz-KDNP ruling coalition about the budget planning for next year. More...

SME Partnership Events at Expo Milano 2015

April 27. 2015.

EU Press

From 1st May 2015 to 31st October 2015, Milan will host the Universal Exhibition EXPO 2015, whose central theme is “Feeding the Planet, Energy for Life” with the presence of 145 Countries and the expected participation of 20 million visitors. - The European Commission seizes the occasion to organise a series of high‐level events in Milan for EU companies to meet and discuss business with companies coming from targeted Third Countries and Regions. Read the detailed programme of B2B events.

New Initiative To Boost China - CEE Business Partnership

April 27. 2015.

Chamber Press

Representatives of thirteen business promotion organisations from China and Central and Eastern Europe attended the inaugural meeting of the China-CEE Business Council in Katowice, Poland. The Council will co-ordinate efforts to stimulate investment and technology cooperation and to balance the trade between the members, particularly at the level of small and medium-sized enterprises (SMEs). Hungary is represented in the Council by the HCCI. Read the full Press Release of the inaugural meeting.

Hungary Bank Tax to Stay Europe’s Highest After Cut, Orban Says

April 24. 2015.


Hungary’s banking tax will remain the highest in Europe even after the government honors its pledge to cut the levy, Prime Minister Viktor Orban said on Friday. More...

Hungarian Car Manufacturers Look To Boost Business

April 23. 2015.

The auto manufacturing business in Hungary may be booming, but there is reason to be concerned about the shortage of skilled workers, according to car makers and suppliers who attended a national business development committee meeting yesterday, online news portal reports. More...

Perak Will Use Hungary’s Mobile Water Treatment Unit

April 22. 2015.

New Straits Times

The Perak Government will use Hungary’s mobile water treatment unit to solve supply problems in times of disaster, particularly floods. More...