PM nominates Szijjártó for foreign minister

Friday 02:15, September 19th, 2014

Hungarian Prime Minister Viktor Orbán today nominated Péter Szijjártó, incumbent state secretary, for the post of minister of foreign affairs and trade, the head of the PM's press office reported.Read more

Navracsics officially quits foreign ministry

Friday 11:30, September 19th, 2014

Hungary’s foreign minister Tibor Navracsics has officially resigned from his post. He will pursue his career in Brussels, where he has been appointed as commissioner for education, culture, youth and citizenship by Jean-Claude Juncker, president-elect of the European Commission.Read more

Deputy Prime Minister promises renationalization of public utility companies

Friday 11:00, September 19th, 2014

Public utility companies should all be renationalized, Hungarian Deputy Prime Minister Zsolt Semjén said yesterday at an electoral event in Csákvár, a town 57 km west of Budapest. Local elections are due in Hungary on October 12.Read more

Acquisition of train car maker called 'national strategic' issue

Friday 10:35, September 19th, 2014

The acquisition of a stake in rolling stock joint venture Bombardier MÁV is an issue of “national strategic significance", and so exempt from review of the competition authority, a government decree dated yesterday says. The decree was published in the official bulletin Magyar Közlöny.Read more

Matolcsy defends MNB's property purchases

Thursday 11:00, September 18th, 2014

National Bank of Hungary governor György Matolcsy defended the central bank's recent real estate purchases against criticism from a predecessor in a letter published on the MNB website yesterday. Read more

Kövér: Rules criticised by Strasbourg court no longer in effect

Thursday 09:30, September 18th, 2014

The regulations criticised by a recent Strasbourg Court’s ruling are no longer in effect,the parliamentary speaker said, according to 444.hu. The European Court of Human Rights said earlier on Tuesday that the Hungarian parliament had harmed free speech by fining the opposition LMP and PM parties for acts of protest in the chamber.Read more

Csányi: PM treats banks like 'Batman'

Wednesday 12:00, September 17th, 2014

OTP has problems in three countries: in Ukraine, because of the war, in Russia because of sanctions and in Hungary because of the regulatory environment, OTP chairman Sándor Csányi said yesterday during a lecture at Corvinus university.Read more

Parliament starts fall session with talk of banks and NGOs

Wednesday 10:00, September 17th, 2014

Antal Rogán, head of the parliamentary group of the ruling Fidesz party, noted bank settlements involved not only foreign currency borrowers, but also forint-denominated ones, hvg.hu reported. “They, too, have a right to fair treatment and must be served justice” he said.Read more

Siófok Holocaust memorial unveiled

Wednesday 09:30, September 17th, 2014

A memorial has been erected in Siófok to pay tribute to a community of 500 local Jews who were deported to Nazi death camps in 1944, origo.hu reported. At the unveiling ceremony, the government was represented by state secretary for foreign affairs László Szabó, who commemorated the victims.Read more

8,142 mayoral candidates fielded for election

Wednesday 09:00, September 17th, 2014

Local election offices registered 8,142 candidates for mayor running in the upcoming municipal elections by the Friday midnight deadline, nol.hu reported. According to information from the National Election Office, 79% of the candidates are running as independent. Read more

Brunszvik-Beethoven Event Center opens in Martonvásár

Tuesday 12:40, September 16th, 2014

The Brunszvik-Beethoven center and its Library and the Kindergarten Historical Museum were inaugurated today by Minister of Justice László Trócsányi. The new center and the museum are located in a renovated wing of the Brunszvik castle near the town of Martonvásár, about 35 km/20 miles west of Budapest.Read more

Rogán: Banks must settle by end of Feb 2015

Monday 09:00, September 15th, 2014

Banks in Hungary must settle with borrowers by the end of February in the case ofcontracts that the courts have deemed unfair, Fidesz’s group leader said. Repayments on forex loans are expected to drop by 25-30%, the ruling party’s Antal Rogán told a news conference.Read more

Ministry: National mobile payment system complies with EU rules

Friday 11:30, September 12th, 2014

The national mobile payment system in Hungary fully complies with European Union rules, the National Development Ministry said, in response to Hungarian news agency MTI’s query.Read more

Falus warns of pollution at Óbuda gas works

Friday 09:30, September 12th, 2014

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.Read more

Barroso presents Orbán with funding agreement for 2014-2020

Thursday 02:50, September 11th, 2014

European Commission President Jose Manuel Barroso presented Hungarian Prime Minister Viktor Orbán with an agreement on EU funding for Hungary in Budapest today. EU funding is granted for a seven-year period and the agreement covers the 2014-2020 term. Hungary will receive up to €34.5 bln during those seven years.Read more

HVG: Beer, wine to dodge state control

Thursday 11:30, September 11th, 2014

The government will monopolize the retail selling of spirits, but beer and wine will be exempt and could be purchased elsewhere, not only in national liquor stores, Hungarian online daily hvg.hu reported today.Read more

Jobbik spy case stuck in Brussels

Thursday 10:15, September 11th, 2014

A novel situation could emerge in the European Parliament in the case of Béla Kovács, the European lawmaker who belongs to Hungary's radical nationalist Jobbik Party and is suspected of spying for Russia, Hungarian daily Magyar Nemzet reported yesterday.Read more

Stricter punishment for student assaults

Thursday 10:00, September 11th, 2014

Punishment for sexual assault committed at a school or university would be strengthened, under a proposal by, Human Resources Minister Zoltán Balog proposed, official website of the Hungarian government kormany.hu reported yesterday.Read more

EU court confirms church law a breach of freedom

Wednesday 05:00, September 10th, 2014

The European Court of Human Rights has rejected an appeal by the Hungarian government and confirmed an earlier judgment saying Hungarian church law is a breach of freedom of religion and of association. Read more

Norway criticizes police raids on NGOs

Wednesday 04:50, September 10th, 2014

Norway strongly criticized Hungary today, saying the country is distancing itself from European democratic norms. Yesterday the Hungarian police raided the offices of civic groups critical of the government, American news agency Associated Press reported yesterday.Read more

expert opinion

Engineering education traditionally strong in Hungary

Engineering education traditionally strong in Hungary

Dr. Péter Várady

Managing Director at evosoft Hungary Kft.