Medius Tours inaugurates HUF 3 bln Best Western Hotel

Medius Tours inaugurated a HUF 3 bln Best Western hotel in Székesfehérvár, northwestern Hungary on Friday as part of a project that was supported with a HUF 1 bln European Union and state grant, managing director Imre Horváth told Hungarian news agency MTI.
BusinessMonday, 11:30, April 20, 2015 Read more

evopro to develop hybrid trolley buses

Hungarian evopro systems engineering launched a HUF 1.4 bln project to develop a hybrid trolleybus that will be able to operate without the use of overhead wires, the company told Hungarian news agency MTI.
BusinessMonday, 10:35, April 20, 2015 Read more

U.S. accounting watchdog gains access to Hungary

The Public Company Accounting Oversight Board (PCAOB) of the United States entered a cooperative agreement with the Auditorsʼ Public Oversight Authority of the Ministry for the National Economy of Hungary (APOA) for the oversight of audit firms subject to the regulatory jurisdictions of both regulators, according to Hungarian news agency MTI. 
EconomyMonday, 08:35, April 20, 2015 Read more

KSH: Hungaryʼs trade surplus reaches €935 mln in February

Hungary saw a €935.4 mln trade surplus in February, with exports rising by 7.4% to €7.290 bln and imports rising by 6.3% to €6.355 bln, the Central Statistics Office (KSH) said in a first reading of data today.
EconomyWednesday, 12:25, April 8, 2015 Read more

Exports to China, US to boost output of Kecskemét Mercedes plant further

The Mercedes-Benz plant at Kecskemét, central Hungary, will raise its output further this year, mainly thanks to increasing exports to China and the United States, plant manager Thomas Geiger said in an interview with Hungarian news agency MTI on Friday. 
BusinessMonday, 08:45, March 30, 2015 Read more

Hungary’s trade surplus falls to €6.402 bln in 2014

Hungary had a €6.402 bln trade surplus in 2014, the Central Statistics Office (KSH) said in a second reading of data today. The surplus was revised downward from the €6.499 bln recorded in the first reading released on February 9, slightly under the €6.555 bln surplus of 2013.
EconomyThursday, 10:55, March 5, 2015 Read more

DAKK bus order exceeds HUF 3.5 bln

DAKK, the State-owned bus company operating in southeastern Hungary, has purchased 52 new Volvo buses for more than HUF 3.5 bln, CEO Antal Fekete announced on Friday. 
BusinessMonday, 08:35, February 23, 2015 Read more

MNB launches Funding for Growth Scheme spin-off

The National Bank of Hungary (MNB) today announced a spin-off of its Funding for Growth Scheme (FGS), with HUF 500 billion set aside to finance new loans for SMEs that are of "average credit risk". The scheme, dubbed "FGS+", will launch on March 16 and run until December 2015.
EconomyWednesday, 10:40, February 18, 2015 Read more

MNB: Hungary's c/a surplus €370 mln in December

Hungary's current-account surplus was at €369.9 mln in December, bringing Q4 surplus to a preliminary €1.21 bln, the monthly balance of payment data published by the National Bank of Hungary (MNB) this morning reveals.
EconomyMonday, 11:35, February 16, 2015 Read more

Corvinus, MFB sign contract on Budapest Bank purchase

Corvinus Nemzetközi Befektetési Zrt., a unit of state-owned Hungarian Development Bank (MFB) signed a contract on Friday regarding the purchase of 100% of Budapest Bank from the current owner General Electric Capital Group, Corvinus and MFB jointly announced on Friday. 
BusinessMonday, 08:35, February 16, 2015 Read more

Belarus removes ban on Hungarian cattle imports

Belarus has lifted a ban on imports of live cattle from Hungary, the farm ministry announced on Friday. Belarus' animal health authority lifted the ban, effective February 3, for cattle from all regions of Hungary with the exceptions of Csongrád, Bács-Kiskun, Baranya, Békés and Tolna counties. 
EconomyMonday, 08:10, February 9, 2015 Read more

Tamási-Hús expects 28% revenue increase in 2014

Austrian-owned meat processing company Tamási-Hús is expecting to see a year-on-year rise of 28% in its 2014 revenue, to reach HUF 9.88 bln, managing director László Kozma told Hungarian news agency MTI today.
Monday, 10:40, January 19, 2015 Read more

BKV offers tender for 15 buses

Budapest Transport Centre (BKV) opened a tender for another 15 "partially knocked down kit" buses that BKV is planning to assemble itself, with a bidding deadline of the end of January, data on public procurement website show.
BudapestThursday, 09:00, January 8, 2015 Read more

5,000 protest against gov’t, new demo planned

More than 5,000 joined an anti-government demonstration organized by Facebook page “MostMi!” Friday in front of the Hungarian Opera House in Budapest, on then the third anniversary of one of the first mass demonstrations against the current government – a protest against the new constitution held on January 2, 2012. 
PoliticsMonday, 08:35, January 5, 2015 Read more

KSH: Trade surplus hits six-month low

Hungary’s trade surplus in October came to €351.0 mln, down from the €373.8 mln first reading released on December 9, the Central Statistics Office (KSH) said in a second reading of data today. The current measure is the lowest in the past six months.
EconomyTuesday, 11:25, December 23, 2014 Read more

Hungary c/a surplus reaches €232 mln in Oct

Hungary's current-account surplus reached €231.6 mln in October, down from €865.5 mln in September and €263.7 mln in August, data published by the National Bank of Hungary today reveals.
EconomyTuesday, 08:00, December 16, 2014 Read more

KSH: Trade surplus exceeds €373 mln

Hungary’s trade surplus in October exceeded €373 mln, with exports falling by 2.1% to €7.512 bln and imports increasing by 2.3% to €7.139 bln, the Central Statistics Office (KSH) reported in a first reading of data today.
EconomyTuesday, 10:25, December 9, 2014 Read more

Goodfriend: Hungary needs true energy independence

“Hungary's energy independence was threatened by the plan to build a second gas pipeline from Russia, as well as by the aim to boost the role of nuclear energy,” U.S. charge d'affairs André Goodfriend said according to Hungarian daily Népszava. He added that “the United States is working on helping Hungary to create energy independence”.
PoliticsMonday, 10:00, December 8, 2014 Read more

Colleen Bell named U.S. Ambassador to Hungary

The U.S. Senate yesterday voted to approve the appointment of television producer Colleen Bradley Bell as U.S. Ambassador to Hungary. Now she must take her oath of office in Washington DC, and present her credentials to the Hungarian president before beginning service.
PoliticsWednesday, 12:40, December 3, 2014 Read more

Lions and Donkeys: An Inside Account of U.S. Military Mistakes

There’s a story of two Germans discussing their adversaries in the blood-soaked trench combat of the Great War. Gruff General Erich Ludendorff paid tribute: “The English soldiers fight like lions.” “True,” Colonel Max Hoffman replied, “but don’t we know that they are lions led by donkeys.”
OpinionWednesday, 08:00, December 3, 2014 Read more