Eximbank, Belarus in $10 million credit agreement

The Hungarian Export-Import Bank (Eximbank) and the Development Bank of the Republic of Belarus signed a $10 million purchasing-credit agreement in Budapest yesterday...
BusinessThursday, 09:00, April 17, 2014 Read more

Trade surplus up €118 million y.o.y.; 80% of exports to EU

The KSH reported another good month for Hungary’s trade balance in February, though the government’s much-touted “East-facing” import/export strategy took something of a hit: The trade surplus rose €118 million year-on-year, with the share of exports to EU member states a big 80%... 
EconomyWednesday, 12:00, April 9, 2014 Read more

Gránit Bank reports losses; Varga promises profit in 2014

Through the state’s minority-owned Gránit Bank reported total assets of HUF 72.9 billion while taking a loss for 2013 at a meeting of shareholders, National Economy Minister Mihály Varga forecasts a rosy future for the venture...
BusinessFriday, 09:00, April 4, 2014 Read more

Trade surplus for ’13 on automotive, chemical revival

Figures from KSH released today: For December, the volume of exports was up 14% and imports increased 13% year-on-year with a €303 million trade surplus. For 2013, export and import volumes moved up 4.8% and 5.0%, respectively, year-on-year...
EconomyWednesday, 12:00, March 5, 2014 Read more

Boosted tax intake proves to be no miracle cure

Hungary has managed to intensify monitoring and accordingly increase the central budget’s tax revenues. Favorable as the result may be, there is a price to pay in terms of the economy’s overall competitiveness.
EconomyTuesday, 11:00, February 4, 2014 Read more

Trade surplus of €804 million for Hungary in November

KSH figures released today show a 0.8% year-on-year increase in exports combined with a 2.6% decline in imports for an overall trade surplus of €804 million through November. And despite recent rhetoric, trade with European Union member states is increasing...
EconomyThursday, 11:00, January 9, 2014 Read more

Hungarian exports, imports, trade balance all up in October

Statistics released by KSH today show that exports and imports increased by 4.7% and 2.7% year-on-year, respectively, in the tenth month of 2013. The surplus on the trade balance showed an improvement of €164 million compared to the corresponding period of 2012...
EconomyMonday, 12:15, December 9, 2013 Read more

Hungary in attempt to restart cattle export to Kazakhstan, Belarus

Agriculture Administration Minister Endre Kardeván has held meetings in Kazakhstan and Belarus this week in an attempt to get Hungarian cattle exports to the countries restarted; while the former remains hesitant, the latter will seemingly soon begin importing again...
BusinessThursday, 11:00, November 28, 2013 Read more

Israeli investors seek damages from Hungary in int’l court [Updated]

The Washington, DC-based International Centre for Settlement of Investment Disputes (ICSID) will hear a case by Israeli investors seeking over HUF 100 billion in damages from the state of Hungary because of a failed casino resort investment...
BusinessMonday, 13:40, November 11, 2013 Read more

Surplus cuts ten-month fiscal deficit to 84.5% of 2013 target

A HUF 61.4 billion surplus posted in October reduced Hungary's cash flow-based general government deficit, excluding local councils, to HUF 887.7 billion in January-October, thus reaching 84.5% of the upward revised HUF 1,050.8 billion full-year target...
EconomyFriday, 14:00, November 8, 2013 Read more

KSH: External trade surplus €613 million in August

The newest set of figures released by the Central Statistics Office (KSH) today show that August 2013, the export volume of external trade in goods increased by 1.4%, while import volume grew by 0.4% y.o.y. Total trade balance surplus was €613 million (HUF 184 billion)...
EconomyThursday, 12:00, October 31, 2013 Read more

Hungary-Belarus relations in “more active phase”

A forum of business and political leaders from Hungary and Belarus took place in the Hungarian capital on Monday, with Foreign Trade Secretary Péter Szijjártó advancing the possibility of a partnership between automakers Raba and MTZ, among other items…
PoliticsMonday, 16:15, October 7, 2013 Read more

KSH: External trade surplus €448 million in July

From KSH’s figures on export trade in July 2013: export volume of external trade in goods increased by 7.4% and import volume grew by 6.4% year-on-year. Through seven months of ’13, export and import volumes increased by nearly 3% and 4%, respectively...
EconomyThursday, 09:00, October 3, 2013 Read more

Belarus, Hungary in tech/research cooperation

According to Belarusian Ambassador to Hungary Alexander Khainovsky as reported by national news service BeITA, a memorandum on cooperation in technology and research fields will be signed by Hungary and Belarus to be held in Budapest on October 7-8...
PoliticsMonday, 06:00, September 23, 2013 Read more

April trade surplus slightly up in 2nd reading

Hungary had a €717.4 million trade surplus in April, slightly up from a preliminary 700.5 million surplus released on June 7, the Central Statistics Office (KSH) said in a second reading of data on Tuesday.
EconomyTuesday, 15:20, July 2, 2013 Read more

Assets of Kapuvári Hús to be offered for sale again

The assets of meat company Kapuvári Hús, under liquidation since the autumn of 2012, will be offered for sale in the next few days, bailiff Pál Péter Jendrolovics told MTI on Friday.
BusinessMonday, 11:40, June 17, 2013 Read more

Lithuania approves growing hemp for textiles

Lithuania on Thursday legalized growing hemp as of January for the industrial-scale production of textiles, making it the last of the EU’s 27 members to give it the green light.
BusinessFriday, 15:15, May 24, 2013 Read more

Turkish legislators debate oil law to attract foreign explorers

Turkey, which gets almost all its energy from abroad, debated a law on Wednesday that seeks to lure foreign companies to explore for oil and gas and end the preferential treatment of state-run TPAO Turkiye Petrolleri AO (TPAO), media reported
BusinessThursday, 15:50, May 23, 2013 Read more

Lithuanian industrial production increases in April

Lithuania’s industrial production climbed 6.1% from a year earlier in April, the Vilnius-based Statistics Lithuania reported on Tuesday.
EconomyWednesday, 14:05, May 22, 2013 Read more

Lithuania’s jobless rate rises modestly in Q1

Lithuania’s unemployment rate edged up to 13.1% in the first quarter from 13% in the fourth quarter, the Department of Statistics in Vilnius said on Friday. The latest figure was notably lower than 7.3% recorded in the first quarter last year.
EconomyTuesday, 18:00, May 21, 2013 Read more

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