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Hungarian Chamber of Commerce



Paper: Budapest 2024 Olympic Bid Could Face Referendum

February 17. 2017.

Voice of America

Hungarian political movement Momentum has collected more than 200,000 signatures on a petition against Budapest's 2024 Olympics bid, raising the prospect of a referendum, daily newspaper Magyar Nemzet reported on Friday. More... Related article: Opposition success in Hungary: 266,000 sign petition against Budapest Olympics.

Hungary Wants Its Cookies To Crumble Just Like Austria's

February 16. 2017.


Big companies are selling better food in Austria than they sell in Hungary, even thought the brands are supposed to be the same, the Hungarian government said on Thursday. Hungary's food safety authority, NEBIH, looked at 24 products sold in both Hungary and Austria by international retailers like Lidl and Aldi. It found, among other things, that the local version of Manner wafers was less crunchy and the domestic Nutella not as mellow as the Austrian counterpart.

Keeping Hungary's Paprika Tradition Alive

February 16. 2017.

Paste - By Kristin Winet

If there’s one thing about paprika that Anita Molnár wishes more people knew, it’s that we owe Hungarian food to women. In fact, she’ll tell you, we owe every goulash, every fish soup and every chicken paprikash to one very particular group of 19th century women from the small village of Szeged, Hungary. More...

Eurojust: EU Cross-Border Operation Against Gold Thieves

February 15. 2017.

NewEurope / By Beata Stur

The European Union’s judicial cooperation agency Eurojust announced the crackdown of a gold laundering ring that resulted in 10 arrests. The operation involved Italy’s financial squad and the state prosecutor’s office in Turin, with the support of Hungarian and Slovenian authorities. More... Related article: CEPOL holds conference in Budapest on EU security

European Commission Raises GDP Growth Forecast For Hungary

February 14. 2017.


Hungaryʼs real GDP growth is expected to be 3.5% this year, the European Commission said in its 2017 winter economic forecast released on Monday, in an upward revision from the 2.6% growth predicted in its earlier fall forecast in November, Hungarian news agency MTI reported today. More...

Eurochambres Holds Board Meeting in Budapest

February 17. 2017.

Eurochambres, the Association of European Chambers of Commerce and Industry held its annual board meeting in Budapest. In his welcome address, Minister for National Economy Mihály Varga said that as every major economic indicator has improved in Hungary, it has become possible to lay down the foundations for the economic policy of coming years. Highlights of the Minister's speech. Photo: Eurochambres president, Richard Weber (l) with minister Mihály Varga (r), and HCCI president László Parragh talking before HCCI business luncheon. 

Raise A Glass at One of Budapest's Famous 'Ruin Pubs'

February 16. 2017.

Travel Pulse Destination & Tourism Worldwide Scott

Budapest is known for its nightlife with a portfolio of pulsing nightclubs and buzzing bars attracting revelers from all over the globe. Above all others, though, there is one particular type of venue that has come to symbolize the scene in this gorgeous Danube-side city, and it’s called the ‘ruin pub’. More...

Finance: Hungary’s Net External Financing Capacity Drops On Lower Capital Account

February 15. 2017.

NBH Press Office / MTI / Econews /

Hungary’s net external financing capacity dropped to EUR 980 million in Q4 2016, and full-year financing also fell, to EUR 6.7 billion as capital inflows dropped sharply with the closure of the previous EU financing cycle and the start of the new, cutting the capital account surplus, wire service MTI Econews has calculated, based on the preliminary December balance of payment data published by the National Bank of Hungary (MNB) yesterday.  More...

Automotive Sector Stalls Industrial Output Growth

February 14. 2017.

Hungary’s industrial output dropped by 0.5% in December, as the automotive sector, the engine of the local economy, fell by 6.9% compared to the same month a year earlier, the Central Statistical Office (KSH) said today in a second estimate of data. In 2016, industrial growth slowed to 0.9% from 7.4% in 2015. More... Read also on Szijjártó meets automotive industry leaders in Japan

STATISTICAL UPDATE: Modest Growth In 2016

February 14. 2017.

Central Statistical Office

The gross domestic product of Hungary was up by 1.6% in the 4th quarter of 2016 compared to the corresponding period of the previous year. In 2016, GDP rose by 2.0%. Details