KSH: Trade surplus revised up

Hungary had a €279 mln trade surplus in August, down €217 mln year-on-year, the Central Statistics Office (KSH) revealed in its second estimate report today. Exports were down 1.7% and reached €7.3 bln. Imports were up 3.9% at €5.7 bln.
EconomyFriday, 13:30, October 31, 2014 Read more

A hostile climate

On October 13, U.S. Secretary of Defense Chuck Hagel delivered a major address on climate security at the Conference of the Defense Ministers of the Americas in Lima, Peru. During his speech, he announced the release of the U.S. Department of Defense’s (DoD) most comprehensive Climate Change Adaptation Roadmap to date.
OpinionFriday, 09:20, October 31, 2014 Read more

Szijjártó meets U.S. managers in Washington

Enjoying a day away from the heat of the U.S.-Hungary fracas about corruption, Hungarian Minister for Foreign Trade and Foreign Affairs Péter Szijjártó met with top officials of U.S. corporations in Washington yersterday.
PoliticsWednesday, 14:20, October 22, 2014 Read more

Varga says tax office chief not affected by U.S. entry ban

Economy Minister Mihály Varga said yesterday that he did not think tax office chief Ildikó Vida was among the persons blacklisted by the U.S. immigration authority. Varga told a press conference that he is supposed to receive all information affecting the work of the tax office chief, and he had not been informed about any such restriction.
PoliticsWednesday, 09:45, October 22, 2014 Read more

Tremendous truffle celebrated

The largest truffle ever uncovered in Hungary was presented to the national farm museum in Budapest, Hungarian news agency MTI reported today. The 1.28 kg specimen — just 20 g lighter than the largest truffle ever found in the world — was presented by farm minister Sándor Fazekas.
EconomyMonday, 13:55, October 20, 2014 Read more

Goodfriend: Corruption a growing problem here

André Goodfriend, Charge d'affaires at the U.S. Embassy, said in a local TV interview yesterday that the Hungarian government already knows the names of Hungarian officials who are officially denied entry into the U.S. He also told ATV that corruption is a growing problem in Hungary, and cited national tobacco store concessions as an example.
PoliticsMonday, 11:30, October 20, 2014 Read more

U.S. Embassy not naming corruption suspects

The U.S. Embassy said in a press conference yesterday that it would not name the ten Hungarians who have been denied entry into the U.S. on charges of corruption. But local media are saying the list includes Ildiko Vida, head of the tax authority, and Péter Heim, who heads the foundation that owns daily Napi Gazdaság, which originally broke the story on Thursday.
PoliticsSaturday, 08:25, October 18, 2014 Read more

NAV officials banned from U.S. after corruption charge

Three leading officials of Hungary’s National Tax and Customs Authority (NAV) were blacklisted and banned entry to the United States for what the U.S. Embassy in Budapest said was reliable reports of corruption, 444.hu reported today.
PoliticsFriday, 15:05, October 17, 2014 Read more

Evopro teams up with Russian peer

Hungary's Evopro group signed an agreement with Russia's Nanotechnology Centre for Composites on the joint production of composite structure buses in Moscow yesterday.
BusinessThursday, 11:40, October 16, 2014 Read more

Surplus on trade narrows, August c/a figures show

Hungary's surplus on external trade – especially the trade of goods – saw a sharp decrease in August, and was the main factor in the EUR 110 million drop of the c/a surplus from July to EUR 264 million, fresh monthly balance-of-payment figures published by the National Bank of Hungary today show.
EconomyWednesday, 13:00, October 15, 2014 Read more

Authorities find bluetongue virus in Hungary

Hungary's food safety authority NÉBIH said today that it found the presence of bluetongue, a viral disease of ruminants, on two small farms in the south of Csongrád County in south-eastern Hungary.
EconomyTuesday, 14:15, October 14, 2014 Read more

MOL, Croatia conflict not affecting governments, U.S. to mediate

The continuing conflict between the Croatian government and Hungarian oil and gas company MOL leaves the governments of the two countries unaffected, Hungary’s Croatian ambassador was quoted saying in an interview published by Croatian daily Vecernji List on Saturday.
BusinessMonday, 11:05, October 13, 2014 Read more

Analysis: Market anxious over new state utility

The following story is from the October 3-16 print edition of the Budapest Business Journal: While analysts say a certain amount of state participation in the utility sector is necessary, some private companies fear that a government-owned energy company could push them out of the market.
EconomyFriday, 13:00, October 3, 2014 Read more

KSH: Trade surplus at €482 mln in July

Hungary had a €482 mln trade surplus in July, up €50 mln year-on-year, the Central Statistics Office (KSH) revealed in its second estimate report today. This was less than the €497.6 mln trade surplus KSH had projected in its first estimate report a month earlier.
EconomyThursday, 10:00, October 2, 2014 Read more

Falus quits BP mayoral race, backs Bokros

Leftist candidate for Budapes mayor Ferenc Falus announced that he quit the elections in favor of conservative Lajos Bokros, the mayoral candidate of the conservative Movement for a Modern Hungary (MoMa).
PoliticsWednesday, 11:30, October 1, 2014 Read more

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