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The Hungarian Model Works

November 17. 2017.

Prime Minister's Press Office

“The Hungarian model works and we Hungarians have no intention of replacing it”, Prime Minister Viktor Orbán said at the EU Social Summit on Friday in Gothenburg. More...

Hungarian Minister Highlights Opportunities for Cooperation with Cuba

November 16. 2017.

Prensa Latina

Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto asserted that modernization of economy in Cuba opens a great spectrum of opportunities in several areas for the companies in his country. In statements to the Hungarian news agency MTI, published by national media outlets, he remarked that participating in that process offers many advantages, especially because, unlike the United States, the European Union (EU) does not maintain a regime of sanctions against Cuba. More...

Preliminary MNB Data Indicate Q3 Drop in External Financing Capacity

November 15. 2017.

bbj.hu / MTI / MNB

Hungaryʼs net external financing capacity slightly exceeded EUR 1.4 billion in the third quarter of 2017, dropping from an all-time quarterly peak of EUR 3.1 bln in Q2 and from a year earlier, state news wire MTI calculated from monthly preliminary balance of payment data published Tuesday by the National Bank of Hungary (MNB). More...

 

STATISTICAL UPDATE: Economic Performance Grows by 3.6%

November 14. 2017.

Central Statistical Office

The gross domestic product of Hungary was up by 3.6% according to raw data and by 3.8% according to seasonally and calendar adjusted and reconciled data in the 3rd quarter of 2017 compared to the corresponding period of the previous year. The main contributors to the growth were market-based services. The volume of GDP rose by 3.7% in the first three quarters of 2017 compared to a year earlier. Details - Read also Minister Varga's comments in bbj.hu

Croque Bourgogne Lays Cornerstone of Escargot Plant

November 13. 2017.

bbj.hu / MTI

Francesʼs Croque Bourgogne-IMOFI-Bourgogne Gastronomie group laid the cornerstone of a HUF 6.5 billion escargot processing and frozen pasta products plant in Kisvárda, northeast Hungary, on Friday, state news agency MTI reported. More...

Indiaʼs SMG Opens Car Bumper Plant

November 17. 2017.

bbj.hu / MTI

Indian automotive industry supplier Samvardhana Motherson Group (SMG) inaugurated a bumper plant in Kecskemét, central Hungary, on Thursday, Hungarian news agency MTI reported. It will supply German car maker Daimlerʼs plant in the city. More...

TRAVEL: Six of the Best: Budapest Markets

November 16. 2017.

Traveller

Drenched in culture, Budapest is a place with a keen sense of the exotic, reflecting Hungary's Magyar distinctiveness within Europe. This unique soul reveals itself in the dynamic parade of life that revolves around an important part of Budapest life – its markets. More...

Spar Hungary Launches Health App

November 15. 2017.

European Supermarket Magazine

Spar Hungary has launched a free app aimed at consumers looking to improve their health and wellbeing. The ’30 Napos Életmód Program’ (30-day lifestyle change) mobile app is part of the retailer's 'Lifestyle Change' programme. It gives users access to dietary plans developed by nutritional experts, exercise training programmes, and other useful tips to help them reach their goals, the retailer says. More...

 

Nestlé’s Latest Purina Expansion Completed

November 14. 2017.

HIPA Press

In the past seven years, Nestlé has invested EUR 140 million in total in developments in Bük. As a result, the local plant of Nestlé Purina has become one of the biggest pet food factories in Europe. More than 90 per cent of its output is exported. The number of local employees reaches 900. The latest, 5,000-square metre manufacturing hall building was inaugurated by Minister for National Economy Varga Mihály. More...

HBO Launches an Over-the-Top Streaming Service in Central Europe

November 13. 2017.

TechCrunch

HBO is launching an over-the-top subscription streaming service in parts of Central Europe, parent company Time Warner announced today. The move will allow viewers in Hungary, Romania, the Czech Republic and Slovakia to stream HBO programming – including its original series, documentaries, movies and more – alongside HBO Europe’s local content. More...