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 kozbeszerzes.hu 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

U.S. envoy urges Hungary-Croatia agreement over INA

A U.S. government representative called on both Croatia and Hungary to reach a consensus over the future of Croatia's oil and gas group INA, a subsidiary of its Hungarian peer, MOL, MTI reported yesterday.
BusinessWednesday, 08:30, November 19, 2014 Read more

Croatia selects mediator for talks with MOL

The Croatian government authorized Economy Minister Ivan Vrdoljak to select a mediator who would help the government's and Hungarian oil and gas company MOL's negotiators to find a solution for INA, Croatian news agency HINA reported today quoting an unnamed source.
Monday, 14:45, November 17, 2014 Read more

Budapest trolley bus purchase contract signed

A HUF 18 bln contract under which the consortium of Skoda and Solaris Bus & Coach will supply 108 new trolley buses for Budapest was signed on Friday, according to Hungarian news agency MTI.
BudapestMonday, 08:55, November 17, 2014 Read more

Current account surplus jumps to €866 mln in September

Hungary's current account surplus reached €866 mln in September, data published by the National Bank of Hungary on Friday shows. The monthly surplus, which means Hungary is owed more than it owes, rose sharply from €264 mln in August and €374 mln in July. 
EconomyMonday, 08:40, November 17, 2014 Read more

Varga: No justification for Tax Authority head’s ban from U.S.

VAT fraud accusations cannot justify banning National Tax Authority head Ildikó Vida from the United States, National Economy Minister Mihály Varga said in an interview with news channel HírTv on Saturday. 
Monday, 08:15, November 17, 2014 Read more