Official: Development Ministry to focus on state ownership

The National Development Ministry is working on a unified model for the operation of state-owned companies, and will actively work to keep important assets under state ownership, state secretary for asset management Sára Nemes Hegman said at a seminar organized yesterday.
PoliticsFriday, 09:30, September 26, 2014 Read more

Hungary’s July c/a surplus up from June

Hungary’s current-account surplus reached €373.5 mln in July, up from €297 mln in June, data published by the National Bank of Hungary (MNB) show today. In July the MNB started to use the new Balance of Payments and International Investment Position Manual 6th edition (BPM6) methodology to compile its monthly reports. 
EconomyTuesday, 10:45, September 16, 2014 Read more

Falus warns of pollution at Óbuda gas works

Environmental damage caused by soil pollution around the now defunct Óbuda gas works should be cleaned up, Ferenc Falus, the Budapest mayoral candidate of the leftist opposition, said on Wednesday, according to gepnarancs.hu.
PoliticsFriday, 09:30, September 12, 2014 Read more

Hungary signs educational accord with Belarus

Péter Szijjártó, state secretary at the Hungarian foreign ministry, signed an agreement on higher education cooperation with Belarus ambassador to Hungary Aliaksandr Khainouski, on Monday, kormany.hu reported.
EconomyWednesday, 10:00, September 10, 2014 Read more

Falus: Don't move gov't into Buda Castle

Ferenc Falus, the candidate of the leftist parties for Budapest mayor in the upcoming municipal elections, said that, once elected, he would prevent the planned relocation of the cabinet from its current offices to premises in the Buda Castle, nepszava.hu reported.
OpinionTuesday, 12:45, September 9, 2014 Read more

BP metro line closing for 3 weekends

The major metro line of Hungary’s capital Budapest, the “blue” line or M3, is scheduled to be closed between Deák Ferenc tér and Nagyvárad tér for three weekends in September as renovations take place on the line, the Budapest Transport Centre (BKK) announced.
BudapestThursday, 09:45, September 4, 2014 Read more

Cronus buys two hydraulic excavators

Hungarian construction company Cronus Tömegáru-Fuvarozó és Szolgáltató purchased two hydraulic excavators at a cost of HUF 350 mln, the company informed Hungarian news agency MTI yesterday.
BusinessWednesday, 11:30, September 3, 2014 Read more

Gedeon Richter and US Palatin to market new drug in Europe

Hungarian drug producer Gedeon Richter has concluded an agreement with US biopharmaceutical company Palatin Technologies to develop and commercialize bremelanotide, an active ingredient in a drug designed to treat female sexual dysfunction (FSD), the Hungarian company announced yesterday. The drug will be marketed in the European Union and in a few other countries.
BusinessWednesday, 10:30, September 3, 2014 Read more

KSH: Trade surplus revised down in June

Hungary had a trade surplus of €584.1mln in June, the Central Statistics Office (KSH) reported today, revising its first reading downwards from €609.7mln.
EconomyTuesday, 12:00, September 2, 2014 Read more

More and more Europeans buy from Hungarian e-shops

Hungarian webshops saw their foreign PayPal turnover rose by 21% year-on-year in H1 this year, online banking service provider PayPal told Hungarian news agency MTI yesterday.
BusinessFriday, 10:00, August 22, 2014 Read more

Hungarian navigation software firm NNG acquires US peer

Hungarian navigation software developer NNG, which makes the iGO application, has bought US peer nFuzion with the aim of expanding its profile, the company's media agent told National news agency MTI.
BusinessTuesday, 08:30, August 19, 2014 Read more

Hungary’s June c/a surplus dips from May

Hungary's current-account surplus dropped to €297 mln in June, down from €317 mln in May, data published by the National Bank of Hungary (MNB) revealed today.
EconomyThursday, 10:50, August 14, 2014 Read more

KSH: Trade surplus at €610 mln in June

June was another good month for Hungary’s trade balance. The country had a €609.7 mln trade surplus, up by €72 mln in year-on-year, the Central Statistics Office (KSH) revealed in a first estimate report today.
EconomyThursday, 12:00, August 7, 2014 Read more

Hungarian PM removed from Oxford hall of fame

Hungarian PM Viktor Orbán was deleted from the hall of fame section of British Oxford university, Hungarian online daily borsonline.hu reported yesterday.
PoliticsTuesday, 08:05, August 5, 2014 Read more

State fails to sell Kapuvári meat assets, 7th tender set

State-owned liquidator National Reorganization Nonprofit (NRN) cancelled the contract it signed with Saudi Arabian investors in May to sell the assets of troubled meat companies Kapuvári Hús and Kapuvári Bacon after the investors failed to meet the payment deadline, NRN Managing Director Csaba Kovács told Hungarian news agency MTI late yesterday.
BusinessFriday, 13:55, July 18, 2014 Read more

Kapuvári Hús on sale again

Investors have failed to pay the prescribed HUF 650 mln to buy Hungarian meat company Kapuvári Hús, therefore the deal is off, reported the regional daily Kisalföld today.
BusinessThursday, 12:45, July 17, 2014 Read more

Hungary’s May c/a surplus dips from April

Hungary's current-account surplus dropped to €317 mln in May, down from €519 mln in April, data pubished by the National Bank of Hungary revealed yesterday.
EconomyTuesday, 10:15, July 15, 2014 Read more

Jobbik MP: We must fight exodus of youths

Almost half of young Hungarians are considering emigrating for good, and the government is failing to tackle the issue, warns MP Gergely Farkas, of the right-wing Jobbik party.
PoliticsMonday, 11:30, July 14, 2014 Read more

Trade surplus at €419 mln in May

Hungary had a €419.2 mln trade surplus in May, a decrease from the figures (€71.9 mln) of same month last year, as the trend of slowing exports and growing imports continued, the Central Statistics Office (KSH) revealed in a first estimate report today.
EconomyWednesday, 13:15, July 9, 2014 Read more

U.S. automotive company to expand in Hungary

BorgWarner, U.S. automotive industry supplier, is planning to raise headcount at the company’s Hungarian base located in Oroszlány by more than 300 in the upcoming years, the managing director of the unit’s turbocharger production division informed Hungarian news agency MTI yesterday.
BusinessWednesday, 09:10, July 9, 2014 Read more