EC finds Altus contract in order

The European Commission officially informed the Hungarian government that everything is in order with the contract awarded to Altus, a company owned by current leader of the Democratic Coalition opposition party and former PM Ferenc Gyurcsány, to assess European Union-financed development projects from 2014 to 2020, Cabinet Chief János Lázár said at his regular weekly press conference yesterday.
PoliticsFriday, 09:05, May 22, 2015 Read more

Wizz Air signs leasing contract with ALC

Hungary’s low-cost airline Wizz Air signed a leasing contract for an Airbus A320 with Air Lease Corporationnel (ALC), which is expected to arrive in July as the 63rd A320 of the airline’s fleet, Wizz Air said in a press release yesterday. 
BusinessThursday, 09:20, May 21, 2015 Read more

And Justice For All: Should The I.C.C. Intervene With U.S. Torture Abroad?

The U.S. Senate Intelligence Committee report released in December contains a number of accounts of “enhanced interrogation techniques” used as part of the C.I.A.’s interrogation program during the Bush administration. Some of the countries where torture is said to have occurred are covered by the jurisdiction of the International Criminal Court (I.C.C.). This means that if the United States does not properly investigate and prosecute these cases, the I.C.C. could step in.
OpinionSaturday, 11:00, May 16, 2015 Read more

KSH: Hungary’s trade surplus reaches €929 mln in March

Hungary’s trade surplus reached €928.6 mln in March, with exports rising by 12.9% to €8.257 bln, and imports up by 9.8% to €7.329 bln, the Central Statistics Office (KSH) said in a first reading of data today.
EconomyMonday, 10:35, May 11, 2015 Read more

KSH: Hungary’s February trade surplus revised downwards to €848 mln

Hungary saw a €848 mln trade surplus in February, revising downwards from €935 mln in the first reading released on April 8, the Central Statistics Office (KSH) said in a second reading of data today.
EconomyMonday, 10:15, May 4, 2015 Read more

Government against Gyurcsány’s firm monitoring development policy

Nándor Csepreghy, deputy state secretary at the Prime Ministerʼs Office, said on Sunday that he had asked the European Commission to reconsider an assignment given to Altus, the company of opposition party leader Ferenc Gyurcsány, to monitor the operation of Hungaryʼs development policy programs, according to Hungarian news agency MTI. 
PoliticsTuesday, 08:35, April 21, 2015 Read more

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