Number of children could impact pension

The Demographic Roundtable's recent proposal to take the number of children and their attained level of education into account in the calculation of their parents' pension is compatible with the government's family policy, thus Parliament could adopt the proposal in September, Christian Democratic People's Party (KDNP) Parliamentary Group Chairman Peter Harrach told the daily newspaper Magyar Nemzet on Tuesday.

KSH: Hungarians take fewer domestic trips

Although Hungarians' daily spending rose in 2013, total spending on domestic tourism was little changed from 2012, as both the number of trips and the time spent declined considerably, the Central Statistics Office (KSH) said in its fresh publication. 

Erste: FX law cuts assets by more than 10%

The net assets of Erste Bank Hungary dropped more than 10% by the end of June from the end of 2013 as a result of provisioning made necessary by a recently-passed law on debt relief, the bank announced.

Ombudsman asks gov't to discuss Norway funds

The governments of Hungary and Norway must consult on the interpretation of an existing contract that governs the management of Norway Funds, the ombudsman for basic rights was reported as saying.

K&H analysis: Enterprise sector improves

Judging by the K&H corporate growth index, the expectations of domestic enterprises improved, K&H Bank reported in its analysis published today. The growth in expectations is chiefly the result of the positive perception of the macro environment, according to the report.


ÁKK sells HUF 50.5 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold primary securities dealers HUF 50.5 bln of bonds maturing in 2022 and 2023 for papers that run until 2016 at a switch auction on Wednesday, about half of the original offer, Hungarian news agency MTI reported today.


House speaker notes centenary of WWI

Europe will only have a future if its nation states are based on Christian morals, creative work and fair international cooperation, House Speaker László Kövér said on Monday, according to


GVH levies fines of more than HUF 3 bln in H1

Hungary’s Competition Office (GVH) reported on its website that it levied fines of HUF 3.2 bln on offenders in the first half of 2014.


Hungary, Bosnia & Herzegovina ink farm pact

Hungary signed an agricultural agreement with Bosnia and Herzegovina today, Hungarian news agency MTI reported. The agreement was signed by Hungary's farm minister Sándor Fazekas and Bosnia and Herzegovina's foreign trade minister Boris Tucic.


WING creates new production hall for GE

Property developer WING reported the completion of its new 11,000sqm, HUF 4.5 bln production hall for General Electric at its East Gate Business Park in Fót, near Budapest.


Paks fuel rods could be delivered by air

The Hungarian government is drafting a plan to deliver fuel to the Paks nuclear plant by air, Hungarian daily Népszabadság reported today.


Economy Ministry to issue EU tenders earlier

The National Economy Ministry is planning to issue its initial tenders for European Union funding for the 2014-2020 budget period in late summer or early fall, as opposed to the previously scheduled middle or end of October, Balázs Rákossy, the ministry state secretary in charge of the utilization of EU funding, said in an interview on a radio program today.


Skanska sells Green House office building to FHB unit

Real-estate investment fund Torony, managed by Diófa assets manager, which is part of the Hungarian FHB Group, bought Swedish property developer Skanska's Green House office building located in Budapest, Skanska Magyarország Ingatlan informed Hungarian news agency MTI today.


ÁKK raises offer at three-month T-bill auction

The Government Debt Management Agency (ÁKK) raised its offer on strong demand at an auction of discount three-month T-bills today, Hungarian news agency MTI reported.


EC vice president: Media pluralism in danger

Neelie Kroes, Vice President of the European Commision in charge of digitilization, yesterday published a long post on the European Commission's blog criticizing Hungary's new advertising tax, as well as the general media environment in this country.


KSH: Slow recovery in the housing sector

Both the number of dwellings built and dwelling construction permits rose by a respective 22% and 18% in the first half of 2014 as compared with a year ago, a report published by Central Statistics Office (KSH) revealed today.


Gov't: Sanctions on Russia don't hit Paks plans

Preparation for the expansion of the Paks nuclear power plant is not affected by the planned international sanctions against Russia for the moment, government commissioner for the expansion Attila Aszódi said on Kossuth Rádió yesterday.


Socialists call on Seszták to resign

The opposition Socialists have called on development minister Miklós Seszták to resign, repeating complaints that the minister assisted in questionable deals as an attorney in the past.


A bright future for Indonesia

On July 22, 2014, Joko Widodo was declared the winner of Indonesia’s presidential election. The election process was phenomenally successful. Indonesians have been waiting for a leader who can effect positive change for their country, and they have put their hope in Widodo.


First Czech Airlines flight lands at Balaton Airport

The first commercial flight of Czech Airlines from Prague landed at the airport of Hévíz near Lake Balaton today, Hungarian news agency MTI reported.


Official: No big changes to handling of EU funds

Hungary's Directorate General for Audit of European Funds has recommended changes to internal regulations as well as efforts to maintain a headcount in a review of the country's revamped system for managing European Union funding, a government official told Hungarian business daily Napi Gazdaság today.


Beaver Schutzsysteme wins tender for flood protection

Beaver Schutzsysteme, a Swiss firm specializing in developing mobile flood protection, won a tender to supply Hungary's National Catastrophe Defense Directorate with 10km of movable flood defence equipment for HUF 591 mln, the latest issue of the Public Procurement Gazette reported today.


Varga: Borrowers' relief won't break the banks

National Economy Minister Mihály Varga dismissed speculation that the borrowers’ relief package will bring banks to the brinks of bankruptcy, Hungarian business daily Világgazdaság reported today.


Orbán's rejection of liberal democracy draws fire

Hungarian Prime Minister Viktor Orbán's speech on Saturday, in which he said Hungary is not a libral democracy and that freedom is not the core value of the state, drew criticism today from the liberal opposition, while the far-right Jobbik party agreed with some aspects of the speech.


Ticket sales down for Hungarian Grand Prix race

In line with expectations, ticket sales for this year’s Hungaroring – the Hungarian Grand Prix – were down to 169,000 as compared to last year’s record of 247,000, the company in charge of the circuit informed Hungarian news agency MTI today.

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