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Hungarian, Ukrainian ministers hold talks on bilateral trade relations

Monday 03:55, October 10th, 2011

Hungarian development minister Tamas Fellegi, co-chairman of the Hungarian-Ukrainian Mixed Committee for Economic Partnership held talks on Monday with Ukrainian minister for farm policy and food and Ukrainian co-chairman of the committee Mykola Prysyazhnyuk.Read more

Hungarian, Russian government officials discuss energy, vehicle, technology cooperation

Friday 11:40, October 7th, 2011

National Development Minister Tamás Fellegi of Hungary and First Deputy Prime Minister Viktor Zubkov of Russia discussed ways to foster cooperation in the domains of energy, aviation, technology and the vehicle industry in Budapest on Thursday.Read more

Govt commissioner files criminal report in Budapest Airport privatization matter

Thursday 01:35, October 6th, 2011

The Government Commissioner's Office has made a criminal complaint in the matter of some €85m in damages to the Hungarian state resulting from the failure of the owner of Budapest Airport to make promised investments at Liszt Ferenc International Airport, government commissioner for accountability Gyula Budai said on Thursday.Read more

Brussels still believes in chance for out-of-court agreement on telecom tax, spokesman says

Thursday 11:45, October 6th, 2011

The European Commission continues to believe that the difference of opinion between the EU and Hungary regarding the government's telecom-sector tax could be settled without the involvement of the European Court, European Commission Spokesman Jonathan Todd said.Read more

Hungary telecom sector tax in line with EU laws, ministry says

Thursday 09:50, October 6th, 2011

Hungary does not intend to modify the act on the extraordinary telecommunication sector tax as the government's stance is that the tax does not contravene European Union law, the National Economy Ministry told MTI in a statement on Wednesday.Read more

Govt measures will not scare off banks, says official

Wednesday 04:00, October 5th, 2011

National Economy Ministry state secretary Zoltán Cséfalvay said in an interview with Gazdasági Rádió on Wednesday that he did not expect a single bank to pull out of Hungary because of government measures affecting the sector.Read more

Orbán sees ‘beautiful’ future for financial cooperation between Hungary, Saudi Arabia

Wednesday 01:15, October 5th, 2011

Asked whether the possibility of purchases of Hungarian government bonds by Saudi Arabia had come up at talks, Orbán said "some things were agreed on".Read more

Government to soon consider economic chamber laws - newspaper

Wednesday 12:20, October 5th, 2011

The government will consider the drafts of laws regarding Hungary's economic chambers within the next week or two, the business daily Napi Gazdaság reported on Wednesday.Read more

Constitutional Court says appeals against "crisis taxes" outside of its jurisdiction

Wednesday 06:40, October 5th, 2011

Fidesz MP asks for inquiry into banks on suspicion of cartel activity

Tuesday 05:30, October 4th, 2011

Antal Rogán, an MP of governing Fidesz, on Tuesday said he would ask the chairman of the Competition Office (GVH) to investigate banks on suspicion of cartel activity with relation to rising forint interest rates after the launch of an early forex mortgage repayment scheme.Read more

Orbán proposes Saudi-Hungarian Joint Committee

Tuesday 05:30, October 4th, 2011

Prime Minister Viktor Orbán told Saudi business leaders in Riyadh on Tuesday that he proposed the establishment of a Saudi-Hungarian Joint Committee.Read more

Govt must publish Hungary-China agreements, court rules

Tuesday 04:25, October 4th, 2011

The municipal court of Budapest ruled on Monday that the government must disclose bilateral agreements signed between Hungary and China in June, as requested by the green opposition LMP party.Read more

Parliament approves National Energy Strategy

Tuesday 11:30, October 4th, 2011

Parliament on Monday evening approved the government's National Energy Strategy aimed at ensuring the long-term security of energy supplies in Hungary increasing the country's energy self-sufficiency and the state's role in energy affairs.Read more

National Economic and Social Council to hold inaugural meeting on Oct 11

Monday 05:50, October 3rd, 2011

The National Economic and Social Council (NGTT) -- a body that replaces earlier forums for employers, unions and the government -- is expected to hold its inaugural meeting on October 11.Read more

Freezing of HUF 577bn in residuals to require no change to 2011 budget

Monday 04:40, October 3rd, 2011

A government decree freezing HUF 577bn in residuals at central budget-funded institutions a well as the health and social insurance funds will not require any amendment of this year's budget, National Economy Ministry department head Tibor Haag said.Read more